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Destini Berhad is showing strong signs of a big comeback in 2H 2025. The company has fixed its problems by raising funds, clearing bad assets, closing weak businesses, bringing in new shareholders and management, and winning new contracts. It has already shown profit growth for three quarters in a row. Back in 2016, Destini was worth RM1 billion when it made RM30 million a year. Now, with the potential Destini could return to or even go beyond its past peak value. Huat ah!
The Board of Directors of Destini is pleased to announce that M Rail Technics Sdn. Bhd. (“Railtec”), a 70%-owned subsidiary of Destini, had on 26 June 2025, accepted a letter of award from Ministry of Transport Malaysia for the Maintenance, Repair & Overhaul (“MRO”) Level 3 (L3) of Nine (9) Electric Train Sets 93/2 Class (“Contract”). The value of the Contract is approximately RM71 million
Destini has been awarded a tubular handling equipment and services contract from Hibiscus Oil & Gas Malaysia Ltd for operations in the PM3-CAA field, an operating oil and gas field in Vietnam-Malaysia
