KUALA LUMPUR, 27 AUGUST 2026 – Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), an established provider of earthworks and civil engineering services in Malaysia, today announced its unaudited financial results delivered stronger operating momentum in the second quarter ended 30 June 2026 (“Q2 FY2026”), with profit before taxation (“PBT”) rising 20.6% year on year to RM3.53 million.

Compared with the immediate preceding quarter, PBT nearly doubled to RM3.53 million from RM1.85 million in Q1 FY2026, while revenue increased to RM108.88 million from RM97.45 million.

The Group’s order book stood at approximately RM939 million as at 30 June 2026, following approximately RM317.7 million in new works secured since March 2026, strengthening Advancecon’s construction pipeline across industrial, utility and data centre enabling infrastructure.

For the six months ended 30 June 2026, profit attributable to owners of the Company grew 34.5% year-on-year to RM3.01 million, while profit before taxation (“PBT”) also improved 11.3% year-on-year to RM5.38 million.

For Q2 FY2026, the Group recorded revenue of RM108.88 million, broadly stable compared with Q2 FY2025, while PBT increased 20.6% year-on-year to RM3.53 million despite seeing continued cost volatility arising from recent geopolitical developments.

The Group’s performance reflects Advancecon’s continued to maintain its focus on strengthening balance sheet resilience through quality project execution, disciplined cost and working capital management.

The Construction and Support Services segment remained a strong earnings driver for the Group, delivering revenue of RM52.9 million or 48.5% of Group revenue in Q2 FY2026. Segment PBT rose significantly to RM3.7 million, compared with RM0.7 million in Q2 FY2025, supported by order wins secured in the second half of 2025, continued project execution and gains from machinery disposal as the Group progressed with its fleet optimisation initiatives.

The Quarry segment contributed RM54.4 million or 49.9% of Group revenue during the quarter. Segment PBT moderated to RM2.0 million from RM2.4 million in Q2 FY2025.

Meanwhile, the Green Energy segment experienced lower electricity generation during the period from unplanned plant interruptions. The segment continues to work with relevant technical parties to restore full generation stability and reinforce security measures. Management remains focused on driving operational recovery and positioning the segment for stronger, more consistent output moving forward.

The Group continued to generate positive operating cash flow, with net cash from operating activities of RM16.39 million for 6M FY2026, compared with RM15.00 million in 6M FY2025. This reflects continued focus on operational cash generation, working capital discipline and prudent financial management.

Mdm. Phum Boon Eng, Managing Director of Advancecon Holdings Berhad, said, “What is encouraging about this quarter is not only the improvement in earnings, but the quality of the pipeline we are building. Our recent wins are expanding Advancecon’s participation beyond traditional earthworks into industrial, utility and data centre-enabling infrastructure, which are areas supported by long-term investment demand.” “With an order book of approximately RM939 million, our priority now is execution. We want to convert this pipeline into sustainable earnings and cash flow while remaining disciplined in the projects we pursue. While the operating environment continues to face cost pressures, we believe disciplined execution, cost management and working capital management will continue to strengthen Advancecon’s operating foundation.”

Since March 2026, Advancecon has strengthened its construction pipeline with approximately RM317.7 million in new works, comprising the RM148.4 million IBTEC contract in Kulai, Johor, the RM47.6 million Tanjung Langsat Industrial Complex infrastructure contract and the RM121.7 million Off River Storage facility sub-contract in Port Dickson, Negeri Sembilan, broadening the Group’s exposure to industrial, utility and data-centre-enabling infrastructure. In parallel, Advancecon is seeking to participate in higher-specification infrastructure opportunities through its 12-month MOU with Teras Impiana Sdn Bhd, while the Silver Valley Technology Park joint development agreement has become unconditional following the fulfilment of all conditions precedent, further supporting the Group’s broader strategy to leverage its earthworks, civil engineering and infrastructure expertise across industrial development and high-value infrastructure opportunities.

Moving forward, Advancecon remains cautiously optimistic on its prospects for the remainder of FY2026, supported by a larger and more diversified construction pipeline, continued activity in industrial and digital-infrastructure investment, and progress in the Group’s strategic development initiatives.

The Group will continue to prioritise operational efficiency, discipline project execution, working capital management and sustainable earnings quality, while remaining watchful of cost pressures and broader market conditions.