WCE net loss lower at RM25.33mil in 1Q26
The company reported in a Bursa Malaysia filing today that its revenue jumped to RM393.85 million in 1Q FY2026 from RM75.57 million previously, driven by increased construction activity and higher toll collection following recent sectional openings.
"Revenue for construction for 1Q FY2026 increased by 710 per cent compared to 1Q FY2025, mainly due to higher construction activity in respect of the rest and service areas (RSAs) construction and remaining sections of the West Coast Expressway.
"The group achieved higher toll collection revenue for 1Q FY2026, an increase of 61 per cent compared to 1Q FY2025, mainly due to higher traffic volume after the opening of the additional sections,' it said.
Meanwhile, it said subsidiary WCE Maju Sdn Bhd undertakes the group's construction activities -- revenue for construction for 1Q FY2026 increased by 230 per cent compared to 1Q FY2025, mainly due to a higher level of construction activity during the period.
On prospects, it said that as at March 31, 2025, eight out of 11 sections are already operational, covering 180 kilometres (km) across Selangor and Perak.
"Notably, the entire Perak alignment (120 km) is now fully completed,' it said.
According to WCE, construction for the final three sections namely, Section 3 (KESAS - Federal Highway Route 2), Section 4 (Federal Highway Route 2 - New North South Klang Straits Bypass (NNKSB) and Section 7 (Assam Jawa - Tanjong Karang) is currently ongoing.
"The group is expected to incur losses in the early years of toll operations due to the cessation of capitalisation of interest expenses for completed sections.
"Looking ahead, the continued ramp-up in sectional toll revenue is expected to further improve the group's financial performance, in terms of cash flows and operating results,' it said. - Bernama
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