KUALA LUMPUR (June 25): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Gamuda Bhd’s (KL:GAMUDA) net profit for the third quarter ended April 30, 2026 rose 4.51% to RM257.98 million from RM246.84 million a year earlier, underpinned by stronger contributions from its domestic construction activity. Quarterly revenue surged 43.56% to RM4.44 billion from RM3.09 billion previously. The company has proposed an interim dividend of five sen per share. — Gamuda's 3Q net profit rises 4.5% as domestic construction drives growth, declares five sen dividend

Yinson Holdings Bhd's (KL:YINSON) net profit for the first quarter ended April 30, 2026 rose 4.34% to RM120 million from RM115 million a year earlier, thanks to contributions from the Agogo floating production, storage and offloading (FPSO) vessel, which commenced its charter in August last year. Revenue, however, declined 14.71% to RM1.05 billion from RM1.23 billion due mainly to lower engineering, procurement, construction, installation and commissioning activity. Yinson declared a first interim dividend of two sen per share, to be paid on Sept 18. — Yinson posts modest 1Q profit gain on strong floating production demand

Glomac Bhd’s (KL:GLOMAC) net profit for the fourth quarter ended April 30, 2026 surged over fourfold to RM13.26 million from RM2.74 million a year earlier, driven by higher progress billings and prudent cost management despite ongoing external cost pressures. Quarterly revenue rose 6.4% to to RM79.75 million from RM74.94 million. For the full year, net profit climbed 33.1% year-on-year to RM21.2 million, though revenue slipped 5.1% to RM226.17 million. It proposed a final dividend of 1.38 sen per share. — Glomac's 4Q profit surges over fourfold, plans RM371m launches in FY2027

NexG Bhd (KL:NEXG), Malaysia's sole supplier of passport booklets and MyKad identity cards, plans to change its name back to Datasonic Group Bhd. The name change is subject to shareholders' approval at its 18th annual general meeting to be convened at a date to be announced later. — 'Corporate mafia'-linked NexG proposes reverting to Datasonic

Ibraco Bhd (KL:IBRACO) said its 24.5%-owned associate Equinox Power Sdn Bhd has signed a 30-year power purchase agreement with the utility arm of Sarawak Energy Bhd, Syarikat Sesco Bhd, for a large-scale solar photovoltaic project in Sarawak. The facility would supply electricity to Syarikat Sesco upon the commencement of commercial operations, which is expected for December 2029. — Ibraco unit signs 30-year solar power deal with Sarawak’s Sesco for 100MW solar facility

Chin Hin Group Property Bhd (KL:CHGP) has entered into a deal to revive an abandoned residential project in Bandar Hulu Kelang, just outside Kuala Lumpur. The project, to comprise 1,449 units of serviced apartments with an estimated gross development value of RM883 million, is targeted for phased launches beginning in the second quarter of 2027, with completion expected by the third quarter of 2033. Chin Hin said the revived scheme would constitute a new development, and the company is not liable for any claims, obligations or disputes arising from the earlier project. — Chin Hin to revive abandoned residential project in Hulu Kelang with RM883 mil GDV

Pesona Metro Holdings Bhd (KL:PESONA) expects another record year in 2026 for earnings, on stronger income from property development and construction activities. The group plans to pay a dividend of about two sen per share for FY2026, up from the 1.4 sen interim dividend for FY2025, on expectations of another record year. — Pesona Metro sees another record year in 2026

Niche Capital Emas Holdings Bhd (KL:NICE) has entered into an agreement with rare earth firm Greensnow Consolidated Bhd to jointly undertake a rare earth exploration, extraction and processing project in Kelantan. The two parties plan to develop the rare earth project over 2,000 acres of land located in Sungai Jeli. — Gold miner Niche Capital enters deal with rare earth firm to undertake exploration in Kelantan

Ajiya Bhd (KL:AJIYA) said it disposed of 49.95 million Tanco Holdings Bhd (KL:TANCO) shares through off-market transactions between April 29 and June 24 at an average price of 88.7 sen apiece, generating total proceeds of RM44.31 million. The shares sold had an original cost of RM29.995 million, resulting in a gain of RM14.32 million from the transactions. The sale reduced Ajiya’s stake in Tanco to 0.76% from 1.59%. — Ajiya books RM14m gain from Tanco share sales before and during developer’s rout

XL Holdings Bhd (KL:XL) has proposed to undertake a private placement of 10% of its shares to raise funds of up to RM42.95 million to be used mainly for expansion of its new retailing and wholesaling grocery business. — XL Holdings plans private placement to raise RM43 mil for grocery business expansion

Pekat Group Bhd (KL:PEKAT), an ACE Market-listed solar player, plans to transfer its listing to the Main Market. The company, which said it has fulfilled requirements for the transfer, including profit track record, financial position and positive net cash from operating activities, expects the transfer to be completed by the fourth quarter of this year. — ACE Market-listed solar firm Pekat plans transfer to Main Market