Latest news with #CriticalHoldingsBhd
The Star
11-08-2025
- Business
- The Star
Critical Holdings wins RM41mil job
PETALING JAYA: Critical Holdings Bhd has secured a contract worth RM40.76mil to undertake mechanical and electrical works for a new production floor fit up, including cleanroom architecture and process utilities. In a Bursa Malaysia filing, the engineering services company said the contract was secured via its wholly-owned subsidiary Critical Sales & Services Sdn Bhd. The contract was obtained from a US-based multinational corporation 'which offers edge artificial intelligence deployment, that brings deep-learning to devices with ultra-low-power neural decision processors and hardware-agnostic machine learning models.' The works would commence and completed by Aug 15, 2025 and Nov 21, 2025, respectively, and are expected to contribute positively to the earnings and net assets of the company for the financial year ending June 30, 2026, it said.
The Star
11-08-2025
- Business
- The Star
Critical Holdings wins RM41mil mechanical and electrical job
PETALING JAYA: Critical Holdings Bhd has secured a contract worth RM40.76mil to undertake mechanical and electrical works for a new production floor fit up, including cleanroom architecture and process utilities. In a filing with Bursa Malaysia, the engineering services company said the contract was secured via its wholly-owned subsidiary, Critical Sales & Services Sdn Bhd. Critical Holdings said the contract was obtained from a renowned US based multinational corporation 'which offers edge AI deployment, that brings deep-learning to devices with ultra-low-power neural decision processors and hardware-agnostic machine learning models.' 'The aforesaid works are expected to commence and complete by Aug 15, 2025 and Nov 21, 2025 respectively. 'The contract is expected to contribute positively to the earnings and net assets of the company for the financial year ending June 30, 2026,' it said. Other than the normal operational risks associated with the contracts, Critical Holdings said it does not anticipate any exceptional risks.
New Straits Times
27-05-2025
- Business
- New Straits Times
Critical Holdings charts path to Main Market amid strong earnings and sector growth
KUALA LUMPUR: Critical Holdings Bhd is preparing for a leap to the Main Market of Bursa Malaysia, buoyed by impressive third-quarter financial results for the period ended March 31, 2025 (3QFY25) and growing confidence from shareholders. Non-independent executive director and chief executive officer Tan Si Lim said the group's upward trajectory is supported by sustained demand across high-growth sectors, including semiconductors, electric vehicles (EVs), and data centres. He noted that national policies such as the National Semiconductor Strategy and targeted incentives from the Ministry of Investment, Trade and Industry are creating a favourable ecosystem for technology-driven companies like Critical Holdings. "At the same time, global developments, including the 90-day suspension of tariffs and supply chain realignments, are opening up new avenues for agile, solutions-driven providers," he said. Critical Holdings reported a net profit of RM19.6 million for the cumulative nine months ended 3QFY25, a 59.9 per cent surge from RM12.3 million recorded in the same period last year, according to its latest financial report. The strong performance was driven primarily by a substantial increase in revenue from its mechanical, electrical and process utilities engineering solutions segment. For the third quarter, the group posted a profit after tax of RM10.06 million, up from RM2.78 million in the previous year's corresponding quarter. Revenue for the quarter surged 49.3 per cent year-on-year to RM97.6 million, up from RM65.4 million, largely due to the strong delivery of engineering solutions for cleanrooms, plant plantrooms, and data centres. With an order book of RM282 million and recent regional expansion into Johor, the company is poised to tap into the fast-growing tech ecosystem in Malaysia. "We are seeing increased industrial activity and investor interest in key regions like Johor, Batu Kawan and Kulim, which points to a strengthening of Malaysia's semiconductor value chain. "With our strong capabilities and expanding reach, Critical Holdings is well-positioned to capture these opportunities and deliver sustainable value to our stakeholders," Lim added.
