The Property & Facility Solutions (PFS) division delivered a promising performance in FY2024, with revenue rising to RM340.1 million (43.3% Y-o-Y). This was driven by newly acquired subsidiaries under Kaizen in UAE and new contract wins in both UAE and the Kingdom of Saudi Arabia (KSA). Our entry into high-end commercial and residential property management through Kaizen has strengthened our margin profile, supported by cost optimisation initiatives and the discontinuation of loss-making projects. Another key milestone was securing our first hospital facilities management contract in KSA, further expanding our client base. As PFS transitions from a conventional facilities service provider to an integrated property lifecycle partner, our strong regional presence and growing pipeline position us well for sustained revenue growth and margin expansion. The Asset Consultancy division also recorded strong progress, with RM127.1 million in revenue in FY2024 (42.1% Y-o-Y). This growth was underpinned by an expanding pipeline of infrastructure and sustainability-linked projects. A key contributor was the continued growth of our Energy Efficiency (EE) business, as OPUS Energy secured multiple EE contracts under the Zero Capex Programme. By year-end, more than 25% of the RM200 million earmarked for this programme had been utilised, a clear signal of the market’s confidence in our technology-enabled sustainability solutions and strategic advisory capabilities. The division achieved higher PBT through gross profit from new projects and internal efficiency initiatives, supported by streamlined cost structures and efficient resource deployment. 81.3 (48%) 66.4 (39%) 7.6 (5%) 13.6 (8%) 2024 1,611.7 (53%) 975.6 (32%) 340.1 (11%) 127.1 (4%) 2024 Revenue RM’million PBT RM’million Healthcare Solutions Infrastructure Services PFS Asset Consultancy 39 LEADERSHIP INSIGHTS
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