ACE-market bound GTA posted RM4mil net profits
KUALA LUMPUR: GTA Holdings Bhd, which is on its way for a listing on the ACE Market on Sept 8, posted a net profit of RM4.03 million in the second quarter ended June 30, 2026.
GTA Holdings Bhd reported a net profit of RM4.03 million in the second quarter ending June 30, 2026, as the company prepares for its listing on the ACE Market on September 8, 2026. The company's revenue for the quarter was RM54.39 million, with major contributions coming from in-service-support, availability service packages, and power-by-the-hour preventive service packages, as well as corrective maintenance sub-contracted to the original equipment manufacturer and sales of aviation equipment upon milestone revenue recognition of a floating stocks contract with the Defence Ministry Service Branch.
For the six-month period, GTA Holdings reported a net profit of RM15.97 million and revenue of RM144.08 million. The company maintains a positive outlook for the remainder of the financial year, driven by the upcoming contractual milestone billing for Fixed-wing Engine 1 under its floating stocks contract and a backlog of corrective maintenance jobs to be delivered to its customers.
Looking ahead beyond the current financial year, GTA Holdings' forward order book is bolstered by a long-term availability support package contract. Additionally, the company's in-service support contract is currently undergoing a government renewal process and is expected to encompass an expanded service scope for maintenance requirements of Fixed-wing Engine 1 for the ministry's Service Branch 1.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
