Business
WCT : Berhad Concludes 15th AGM, Reaffirms Focus on Disciplined Growth
WCT : Berhad Concludes 15th AGM, Reaffirms Focus on Disciplined
About this update from Wct Holdings Bhd.
PETALING JAYA, 16 JUNE 2026 - WCT Holdings Berhad ("WCT" or "the Group"), an investment holding company with businesses in engineering and construction, property development, the investment in and management of retail malls and hotels, as well as food and beverage, successfully concluded its 15th Annual General Meeting ("AGM") today at Le Méridien Petaling Jaya. All nine resolutions presented at the AGM were duly approved by shareholders, underscoring shareholders' continued support for the Group's leadership and strategic direction. Among the key resolutions passed were the re-election of directors, reappointment of external auditors, and authorisation for the issuance of shares. Shareholders also received the Group's Audited Financial Statements for the financial year ended 31 December 2025, along with the accompanying Director's and Auditors' Reports. Dato' Lee Tuck Fook, Group Managing Director of WCT, said, "In 2025, WCT remained focused on strengthening execution across its core business pillars while maintaining financial discipline amidst a dynamic operating environment. Supported by its diversified business portfolio and disciplined approach to growth, the Group will continue to prioritise prudent capital management, operational execution and long-term value creation." For the financial year ended 31 December 2025, WCT recorded revenue of RM2.01 billion, an increase of 9.8% from RM1.83 billion in the previous year. Profit attributable to equity holders stood at RM48.1 million, compared with RM277.9 million in FY2024, which included a net gain after tax of approximately RM183.8 million arising from the remeasurement of interest in a jointly controlled entity. Excluding this one-off gain, the Group's operating businesses continued to demonstrate steady progress, supported by stronger contributions from Engineering & Construction and Property Development, as well as steady contributions from the Group's investment assets and hospitality portfolio. FY2025 also marked several strategic milestones for the Group, including continued progress across its core businesses, portfolio optimisation following the completion of asset injection into Paradigm REIT, and expansion into the food and beverage segment through Grandmama's. As the Group moves forward, WCT will continue to focus on project execution and cost recovery from completed projects. To replen...