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BWYS net profit jumps 171% in 2Q amid strong demand KUALA LUMPUR: Sheet metal products manufacturer and scaffolding supplier BWYS Group Bhd sees encouraging prospects in the sheet metal products industry, supported by the government’s continued commitment to infrastructure development. “Major projects such as MRT3, the East Coast Rail Link (ECRL), Penang Light Rail Transit (LRT) and the Penang International Airport expansion are expected to drive sustained demand, and the group is well-positioned to support these initiatives through dependable supply and consistent product quality. “We will also continue to seek opportunities to participate in relevant large-scale projects where our products can add value,” managing director Kang Beng Hai said in a statement. He said that while global steel prices remain subdued amid market uncertainties and supply-demand imbalances, the group is taking proactive steps to adapt while strengthening its capabilities and product range to meet evolving market needs. In the second quarter ended June 30, BWYS’ net profit jumped 171.3% to RM4mil, or 0.39 sen per share, lifting first-half (1H25) net profit 59.4% to RM6.6mil, or 0.64 sen per share. The group said the stronger earnings were driven by higher other operating income, mainly from rental of factory and machinery to optimise underutilised assets and generate additional income. Quarterly revenue rose 18.9% to RM69.5mil, bringing 1H25 revenue to RM126.8mil, supported by higher sales performance and demand from the construction sector and existing customers in Malaysia. Malaysia remained the group’s main market, contributing RM66mil or 95% of revenue in 2Q25, with the balance from the United States, Singapore, Bangladesh and the Philippines. In line with its long-term growth strategy, BWYS’ new Penang factory is on track to begin operations in the first quarter of 2026. Once operational, the new factory will expand production capacity, improve operational efficiency, broaden product offerings, and enable adoption of more advanced technologies. The facility will expand production capacity, improve efficiency, broaden product offerings and support the adoption of advanced technologies. source:https://www.thestar.com.my/business/business-news/2025/08/18/bwys-net-profit-jumps-171-in-2qamid-strong-demand

BWYS to sell Banting industrial properties for RM67mil KUALA LUMPUR: BWYS Group Bhd has entered into a sale and purchase agreement with Yusin Machinery (Malaysia) Sdn Bhd for the proposed disposal of industrial properties in Banting, Selangor for RM67mil cash. In a statement, the sheet metal products manufacturer and scaffoldings supplier said the properties are located at Kawasan Perindustrian Olak Lempit, Banting, Selangor, on a developed industrial land measuring approximately 339,386 square feet.   The site comprises three blocks of four-storey office buildings, three blocks of single-storey detached factory buildings, and an ancillary structure. BWYS said the proposed disposal is expected to yield a gain of approximately RM33.8mil for the group, to be recognised in the next financial year ending Dec 31, 2026. Managing director Kang Beng Hai said the properties were acquired in January 2019 for RM28mil, and the current offer presents a timely opportunity for the group to unlock meaningful value from the investment. “The proceeds will be applied towards supporting our ongoing operations and enhancing overall business efficiency. This move allows us to reallocate resources in a way that aligns with our broader business strategy, ensuring we remain well-positioned to capture opportunities and sustain our growth momentum in the coming years,” he said. Of the RM67mil in proceeds, RM37.9mil will go toward repaying bank borrowings, saving the group about RM1.1mil in annual interest. Another RM24mil will fund raw material purchases and operations, while RM5.1mil is allocated for estimated disposal-related expenses. The proposed disposal is expected to be completed in the first quarter of 2026, pending shareholders’ approval at an upcoming extraordinary general meeting and relevant regulatory approvals. source:https://www.thestar.com.my/business/business-news/2025/08/01/bwys-to-sell-banting-industrial-properties-for-rm67mil

BWYS sells two parcels of land for RM11mil PETALING JAYA: BWYS Group Bhd is disposing of two parcels of freehold properties in Bandar Butterworth, Penang to Hung Shang Property Sdn Bhd totalling 8,729 sq m, for RM11.28mil. In a filing with Bursa Malaysia, the manufacturer of sheet metal products said the disposal will allow the group to monetise non-core assets, improve liquidity and reallocate resources for core business expansion.   “The proceeds from the proposed disposal will provide immediate cash inflow, enhancing the group’s liquidity position. “These funds can be used to support working capital requirements, providing additional financial resources and strengthening the capital base of the group.” BWYS Group said the proposed disposal is expected to result in a gain of approximately RM2.28mil, after taking into consideration the net book value of the properties, incidental costs and expenses, and real property gains tax estimated at RM0.22mil. source:https://www.thestar.com.my/business/business-news/2025/07/29/bwys-sells-two-parcels-of-land-for-rm11mil