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 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.

TA view the RM35m contract as strategically positive, marking Steel Hawk’s first highvoltage (275kV) data-centre-related project, which broadens its technical scope beyond distribution-level works. The project also provides an incremental earnings uplift in 2H25–1H26 and reflects continued progress in the group’s Expanded EPCC orderbook, which now rises from RM155.8mn to RM190.8mn.