PETALING JAYA: WCT Holdings Bhd – an investment holding company involved in engineering and construction, property development and investment in and management of retail malls and hotels, and food and beverage – recorded revenue of RM455.3 million in the first quarter ended March 31, 2026 (Q1’26) compared to RM472.1 million in the preceding year’s corresponding quarter (Q1’25).
Profit attributable to equity holders in Q1’26 was RM4.6 million compared to RM12 million in Q1’25.
The engineering and construction division recorded RM246.2 million in revenue (55% of the total) and RM5.4 million in operating loss, compared to RM224.9 million and an operating profit of RM7.1 million, respectively, in the corresponding quarter of the previous year.
The higher revenue recorded in the current period was primarily attributable to accelerated construction progress across ongoing projects.
Meanwhile, the property development and property investment and management divisions, and the food and beverage segment contributed about 34% and 11% respectively to the group’s consolidated revenue.
The property development division recorded revenue and operating profit of RM152.2 million (Q1’25: RM175.3 million) and RM27.6 million (Q1’25: RM29.4 million), respectively. The higher revenue and operating profit recorded in the corresponding quarter of the previous year was primarily supported by higher land sales. To date, WCT’s unbilled sales stand at RM1.02 billion.
The property investment and management division, and food and beverage segment registered revenue of RM46.9 million and an operating profit of RM9.1 million (Q1FY25: RM71.9 million and RM36.9 million). The lower revenue and operating profit were mainly due to absence of contributions from Paradigm Mall Johor Bahru and Bukit Tinggi Shopping Centre following the injection into Paradigm REIT on June 19, 2025.
Group managing director Datuk Lee Tuck Fook said, “Amid a volatile and uncertain external environment, WCT remains focused on strengthening the performance of its core businesses while staying selective in pursuing new opportunities. The group will continue to navigate market headwinds prudently, supported by its diversified portfolio across engineering and construction, property development, retail malls, hotels, food and beverage, and business aviation.
“While the operating landscape is expected to remain challenging, WCT’s diversified portfolio provides a broader base of resilience. We remain encouraged by sustained demand for well-planned developments in strategic locations, while our retail malls and hotel portfolio, as well as food and beverage segment are expected to remain supported by resilient consumer spending, higher tourist arrivals and the Visit Malaysia Year 2026 initiative,” he added.
WCT reported basic earnings per share of 0.29 sen compared to basic earnings per share of 0.77 sen recorded in the preceding year’s corresponding quarter.
