DESTINI Bhd posted a net profit of RM6.07 million for the second quarter ended Dec 31, 2024 (2Q25), compared to a net loss of RM3.93 million in the same period last year.
The strong turnaround was driven by a 196% surge in revenue to RM83.56 million, fueled by increased deliveries in its mobility and aviation segments, along with ongoing cost-cutting measures.
On a quarter-on-quarter basis, Destini’s net profit grew by 13.9% from RM5.33 million in 1Q25, while revenue increased by 5.79% from RM78.99 million.
For the first half of FY25, the group reported a total net profit of RM11.4 million on revenue of RM162.55 million.
Despite the improved financial performance, no interim dividend was declared for the quarter.
Its ED Ismail Mustaffa expressed confidence in sustaining growth momentum for the remainder of the financial year.
With a tender book valued at approximately RM678 million — largely comprising rail contracts and newly acquired maintenance, repair, and overhaul (MRO) capabilities from its subsidiary Trovon Group Pty Ltd — Destini is well-positioned to capture new opportunities in Malaysia’s rail industry.
As the country’s only Level 4 rail MRO provider, he said, Destini is uniquely equipped to meet complex maintenance demands, setting itself apart as a leading player in the sector.
The company remains focused on driving long-term growth and delivering value to stakeholders. — TMR
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