KUALA LUMPUR (Nov 12): Engineering firm MyDCD Bhd posted a net profit of RM25.71 million for the first quarter ended Sept 30, 2026 (1QFY2027), ahead of its upcoming listing on the ACE Market of Bursa Malaysia.
Revenue for the quarter stood at RM178.68 million, according to a bourse filing on Thursday. Net profit margin stood at 14.4%.
Integration of mechanical, electrical, plumbing and fire protection (MEPF) systems and subsystems for data centres represented 96.85% of total revenue, it noted. The remainder comprised provision of maintenance services and parts.
At end-September, the group's outstanding order book stood at RM1.32 billion.
Of this, RM1.27 billion was integration of MEPF systems and subsystems for data centres, which the group said is expected to be recognised progressively up to the financial year ending June 30, 2028 (FY2028).
The remainder of RM53.08 million comprises maintenance services and parts, which is expected to be recognised progressively up to FY2032.
“Based on the above, the group is optimistic of its future prospects and expects the expansion plans to contribute positively to its future financial performance,” MyDCD said.
MyDCD is slated to make its debut on the ACE Market on Nov 17. Its initial public offering (IPO), priced at 56 sen per share, values the group at RM1 billion, representing a price-to-earnings ratio of 15 times based on its earnings per share of 3.72 sen for FY2026.
Under the IPO, MyDCD is issuing 335 million new shares to raise RM187.6 million, while a group of shareholders and senior management is expected to get RM81.2 million by an offer for sale of 145 million existing shares.
The group of shareholders and senior management putting up their existing stakes comprise Ng Kok Hoong, human resource and finance director Kwan Siew Peng, key accounts director Ng Gek Khoon, non-independent non-executive director Yew Kim Keong, Khairil Husni Azri Mohd Hashim, Ngooi Siew Luan, project and sales director Hon Mau Hoong, and finance manager Wong Kok Fong.
TA Securities Holdings Sdn Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.