George Kent slips into red in Q1

KUALA LUMPUR: George Kent (Malaysia) Bhd posted a net loss of RM8.01 million for the first quarter ended June 30, 2025 (1QFY26), dragged by foreign exchange losses and higher operating costs.

The company registered a revenue of RM37.6 million for the quarter, a 24 per cent increase from RM30.3 million a year ago, supported by stronger performances in both its engineering and metering divisions.

George Kent said its metering division contributed RM32 million revenue, up 9.9 per cent from RM29.1 million previously, while the engineering division delivered RM5.65 million compared with RM1.16 million in the corresponding quarter last year.

George Kent said it remains focused on executing its strategic priorities, including market diversification and the adoption of technology through its subsidiary GK SuperTech Sdn Bhd.

It added that demand for its metering solutions continues to provide a stable base for the group, while it selectively pursues opportunities in infrastructure projects.

Executive chairman Tan Sri Tan Kay Hock said a key highlight for the quarter was the group’s strategic collaboration with Qingdao Topscomm Communication Co Ltd to develop Malaysia’s first branded ultrasonic water meter.

He added that the innovation will deliver highly accurate automated meter reading, help reduce non-revenue water and bring artificial intelligence-driven water management efficiencies to the market.

© New Straits Times Press (M) Bhd

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