Taliworks Delivers Strong 1Q Performance With 12.8% Revenue Growth
Taliworks Corporation Bhd, a prominent Malaysian infrastructure and utilities provider, has reported a solid first-quarter performance for the financial year ending Dec 31, 2025 (1Q25), buoyed by robust contributions from its construction and renewable energy segments.
The group posted a profit after tax of RM12.9 million, on the back of RM105.3 million in revenue, marking a 12.8% year-on-year (YoY) increase.
The rise was largely attributed to the sustained construction progress on Phase 1, Packages 2 and 3 of the Sungai Rasau Water Supply Scheme, which drove construction segment revenue from RM11.8 million in 1Q24 to RM27.9 million in the current quarter.
Revenue from the group's renewable energy (RE) segment climbed 13.6% YoY to RM7.5 million, fuelled by an 11.4% increase in solar energy output following the replacement of solar panels across all its photovoltaic plants. This reflects the group's growing momentum in clean energy, positioning it as a future growth pillar.
'Our water treatment, supply, and toll highway operations remain the bedrock of our performance,' said Executive Director Kevin Chin. 'However, we're pleased with the continued traction in our renewable energy business and the contribution from construction, both of which align with our strategy to diversify and scale high-impact infrastructure investments.'
Chin added that Taliworks remains focused on expanding its infrastructure and RE footprint while maintaining cost discipline across all segments.
'To support long-term growth, we are actively seeking new opportunities to expand our construction order book and optimise operational efficiency,' Chin noted.
In line with its commitment to shareholder returns, Taliworks declared a first interim single-tier dividend of 0.5 sen per share, amounting to RM10.08 million, payable on June 30, 2025.
Based on the closing price of RM0.68 on May 19, 2025, the trailing 12-month dividend yield stands at an attractive 5.9%. Related
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysia Sun
2 hours ago
- Malaysia Sun
Goldman Sachs banker gets two years for international bribery scheme
BROOKLYN (CN) - Tim Leissner, a former managing director at Goldman Sachs, received a sentence of two years in prison after pleading guilty to federal bribery charges - and helping U.S. prosecutors secure a conviction - tied to a multibillion-dollar scheme to rob the fund 1Malaysia Development Berhad, otherwise known as 1MDB. Leissner admitted to his role in bribing officials in Malaysia and Abu Dhabi so that 1MDB would execute lucrative bond deals with the global investment bank. He was ordered to forfeit $43.7 million under his guilty plea. Goldman Sachs itself also faced criminal charges. The bank's Malaysian subsidiary pleaded guilty and the bank paid $5 billion in penalties, according to court documents. Leissner was the government's star witness in the trial and conviction of Ng Chong Hwa, who goes by Roger, the only banker to face trial over the scheme. Ng received a 10-year prison sentence while the plan's purported mastermind and his co-defendant, "playboy" Malaysian businessman Jho Low, remains at large. Malaysia created the 1MDB fund in 2009 to stimulate economic growth, but the project was quickly infiltrated by a vast embezzlement scheme in which proceeds were laundered around the world. The money flowed through art auctions, luxury New York City real estate and Hollywood production companies, one of which produced the Oscar-nominated Martin Scorsese film "The Wolf of Wall Street." Described at trial by another Goldman employee as an aggressive businessman, Leissner admitted he didn't tell the firm about the bribes paid as part of the three bond transactions with 1MDB. He also said he hid the fact that at the center of the bribery scheme was Low, an exceedingly well-connected Malaysian businessman who had already gained tabloid fame for extravagant parties in Las Vegas and New York City. Low, whose full name is Low Taek Jho, paid celebrities, models and musicians to attend the multimillion-dollar blowouts, a marketing executive testified. Leonardo DiCaprio, Jamie Foxx, Kim Kardashian, P. Diddy, Fergie, Pharell, Ke$ha and Paris Hilton all appeared on guest lists. Leissner was previously married to Kimora Lee Simmons, a model and TV personality with whom he has a son. At Ng's trial, Leissner said the two men were "best friends" who worked closely to obtain and carry out the illicit business: Ng as former head of Goldman's business in Malaysia and Leissner in charge of all of Southeast Asia. Ng meanwhile argued he was made the fall guy, one of about two dozen co-conspirators implicated by the government, many of them high-up government officials or senior to him at Goldman, like Leissner. His trial attorney urged the jury not to take Ng's former boss-turned-cooperator at his word. Leissner, after all, admitted to lying to the FBI in early interviews; said he was married to two women simultaneously - two separate times - and accordingly forged divorce documents; and testified he created a fake email address in his ex-wife's name and used it to communicate with his then-girlfriend for more than a year. Leissner's family supported him in the lead-up to his sentencing, writing letters asking Chief U.S. District Judge Margo Brodie for leniency. Goldman, however, skewered its former employee in its own filing: "Mr. Leissner's serial lies, fraud, and deception at Goldman Sachs continued from the day he first brought the transactions through the firm to the day he left the firm." Source: Courthouse News Service
The Star
3 hours ago
- The Star
Saudi Arabia invites Malaysia to collaborate on Riyadh Expo 2030
OSAKA: Malaysia has received an offer from the Saudi Arabian government to assist in organising Riyadh Expo 2030, says Datuk Seri Fadillah Yusof. The Deputy Prime Minister said the offer was made by Saudi Arabia's Ambassador to Japan Dr Ghazi Faisal Binzagr during a visit to the Saudi Arabia Pavilion at Expo 2025 Osaka. "This is a significant opportunity for Malaysia to strengthen ties with Saudi Arabia and demonstrate its standing on the world stage. "I will discuss with the Cabinet to explore the areas in which we can collaborate with them," he said after a dinner with Malaysian diaspora and students here Sunday (June 1). Also present were Agriculture and Food Security Minister Datuk Seri Mohamad Sabu; Deputy Investment, Trade and Industry Minister Liew Chin Tong; Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan and Malaysian Ambassador to Japan Datuk Shahril Effendi Abd Ghany. Fadillah explained that Malaysia has been invited to participate in the preparatory work, including technical and infrastructure aspects. He said Shahril Effendi will hold discussions with Binzagr soon on the matter. Fadillah is in Osaka to open the Malaysia Pavilion at Expo 2025 on Saturday. During his three-day visit, Fadillah emphasised the importance of long-term strategic partnerships between Malaysia and Japan, while highlighting new areas of cooperation aligned with regional sustainability, innovation and integration. According to him, Malaysia's participation in the expo also aligns with its role as Chair of Asean, positioning the Malaysia Pavilion as a key hub for regional engagement throughout the six-month global event. Fadillah's visit underscores Malaysia's commitment to strengthening mutually beneficial relations with Japan and the global community, particularly in sectors that drive resilience, innovation and shared prosperity. - Bernama
Borneo Post
4 hours ago
- Borneo Post
Saudi Arabia invites Malaysia to assist in organising Expo 2030 Riyadh
Fadillah (third left) with Ghazi during his visit to the Saudi Arabia Pavilion at Expo 2025 Osaka on Saturday. OSAKA (June 1): The Kingdom of Saudi Arabia has extended an invitation to Malaysia to assist in organising Expo 2030 in Riyadh. According to Deputy Prime Minister Datuk Seri Fadillah Yusof, this was proposed to him from the Kingdom of Saudi Arabia Ambassador to Japan, Dr Ghazi Faisal Binzagr, during his visit to the Saudi Arabia Pavilion at Expo 2025 Osaka. 'They want to invite Malaysia to be involved together for Expo 2030, which they will host in Riyadh. 'This is an opportunity for us (Malaysia). It means we are recognised. 'So, later I will bring this back to discuss with the Cabinet, to see how we can explore what are the areas that we can work with them on this,' he told reporters during a press conference after attending a dinner with the Malaysian Diaspora in Osaka on Sunday night. Fadillah was here for the launch of the Malaysia Pavilion at Expo 2025 Osaka, where he had the chance to explore the pavilions of other countries including Japan, Indonesia and Saudi Arabia. 'They want to see how we can be involved from the beginning, from the planning stage – and also what else that we can contribute from our country. 'After this, our Malaysian Ambassador to Japan will discuss this further with the Saudi Arabia Ambassador. 'From there, we will start the initial discussions, and they will make a report for us to bring back. The detailing part is, how we can identify the opportunities to be involved together.' Earlier on, the Deputy Prime Minister announced that Malaysia has achieved more than RM8 billion in potential investments through the signing of 20 memoranda of understanding (MOUs) within the first two months of the Malaysia Pavilion at this expo. This makes up 61 per cent of the overall target of RM13 billion in trade and investment through participation in Expo 2025 Osaka. DPM Fadillah Yusof Expo 2025 Osaka Expo 2030
