Sheet metal products manufacturer and scaffoldings supplier, BWYS Group Bhd, has delivered a steady financial performance in the first quarter ended March 31, 2025 (1Q25), navigating a softer pricing environment with improved operational efficiency.

The group posted a revenue of RM57.3 million, down from RM65.4 million in the corresponding quarter last year, primarily due to lower average selling prices and subdued market demand amid falling global steel prices.

Despite the revenue dip, net profit for the group held firm at RM2.6 million, only slightly below the RM2.7 million recorded in 1Q24. Net profit margin improved to 4.6% from 4.1% a year earlier, reflecting tighter cost control and enhanced operational management.

Malaysia remained BWYS’ core market, contributing 96.1% of total revenue (RM55.1 million), followed by the US (RM1.1 million), with additional sales from Singapore, Australia and Bangladesh.

“We are encouraged by the steady start to the financial year despite pricing pressures.

“Demand for our CIDB-certified shoring systems remains resilient, supported by ongoing construction activity in Malaysia,” Managing Director Kang Beng Hai said.

Looking ahead, Kang said BWYS remains cautiously optimistic, citing upcoming infrastructure projects such as MRT3, East Coast Rail Link and the Penang LRT as key growth drivers.

He added that the group aims to sustain its performance through effective inventory management, cost optimisation and a continued focus on operational excellence.

source:
https://www.businesstoday.com.my/2025/05/29/bwys-maintains-profit-stability-in-1q25-despite-lower-revenue-of-rm57-3-million/