RIMBACO GROUP GLOBAL LIMITED (“the Group”) has announced its audited results for the financial year ended 31 October 2025 (“FY2025”). The Group recorded revenue of RM259.9 million, a decline from RM289.2 million in the previous financial year. Despite the lower revenue, gross profit rose to RM13.1 million from RM4.0 million, lifting the gross profit margin from 1.4% to 5.1%. According to the consolidated financial statements, the net loss for the year was RM1.45 million, compared to RM1.55 million in FY2024.
Business Review and Segment Performance The Group continued to focus on building construction in Malaysia, including projects for factories, institutional facilities, and infrastructure work. During the reporting period, it completed a factory project valued at RM83.1 million and had five ongoing projects totaling RM587.9 million in contract sums. Factory-related revenue remained the largest segment, followed by institutional, commercial, residential, and infrastructure work. Ongoing tenders and contract awards reached approximately RM221.2 million combined, reflecting new factory and infrastructure project engagements.
Cost Structure, Liquidity, and Capital Management While segment revenue contracted, cost controls and project completions contributed to a stronger overall margin. Administrative and other expenses amounted to RM9.58 million for FY2025. The Group maintained a current ratio of about 1.8 times, with net current assets of RM86.69 million, supported by minimal borrowing and continued prudent working capital management. Dividends totaling RM25.94 million were distributed during the year.
Risk Factors and Operating Environment Challenges persisted due to competitive market dynamics, material cost pressures, and labor constraints. Broader geopolitical considerations and inflationary tendencies added to the complexity of the sector. The Group seeks to mitigate these risks through selective project bidding, efficient resource allocation, and ongoing risk assessments, aiming to uphold resilience amid changing construction industry conditions.
Corporate Governance and Board Oversight Governance is maintained through a Board comprising Executive, Non-executive, and Independent Non-executive Directors, supported by an Audit Committee, Remuneration Committee, and Nomination Committee. Clear divisions of responsibility exist between the Chairman and Chief Executive Officer, and the committees oversee internal controls, director remuneration, and nominations. The auditor’s report affirms the fair presentation of the financial statements in compliance with International Financial Reporting Standards and the Hong Kong Companies Ordinance.
Strategy and Outlook In line with its focus on construction services, the Group’s management remains committed to prudent project evaluation and cost control. Strategic measures include strengthening core competencies in factory and infrastructure construction, managing cash flow carefully, and building client relationships. Through closely monitored risk management, the Group aims to preserve solid governance standards and financial stability, positioning itself to navigate ongoing market uncertainties in the Malaysian construction sector.