Steel Hawk has just signed a contract worth MYR 60.97 million. Considering that 17% of this (approximately MYR 10 million) could be recognized in the final quarter of FY2025, we are revising our FY2025 earnings forecast for the company upwards by 10.6%.

The net profit margin for the new contract is approximately 10%, consistent with existing Engineering, Procurement, Construction, and Commissioning (EPCC) projects. Additionally, Steel Hawk's EPCC order value has been increased from MYR 94.8 million to MYR 155.8 million.