In Q3 FY2025, Steel Hawk recorded about RM20.43 million in revenue, just a bit lower than the RM20.99 million they did this time last year. The slight dip mainly comes from fewer work orders from PETRONAS, since the national oil company has been tightening costs

Steel Hawk Bhd (KL:HAWK) announced that its CEO Afizul Md Yusoff, 47, has resigned after nine months to take a career break and focus on personal interests. He was appointed in February following the company’s management restructuring. Haffiz Hussin, 40, has been appointed as the new CEO, effective immediately. Haffiz has 16 years of experience with PETRONAS and its subsidiaries, most recently serving as head of construction-based engineering from September 2024 to November 2025.

Steel Hawk Berhad reported a revenue of RM20.43 million for the current quarter, up RM8.64 million from RM11.78 million in the previous quarter, mainly due to new work orders from a collaboration with Ibrahim & Sons Engineering Sdn. Bhd. However, profit before tax only increased by 6.76%, from RM1.61 million to RM1.72 million, due to higher administrative expenses. The increase in administrative expenses was primarily due to a one-off bad debt write-off of RM8.94 million related to a customer in winding-up proceedings, which impacted the revenue. Excluding this non-recurring item, the Group’s operating costs remained stable compared to the previous quarter.