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    Engineering & construction
Kelington Group Bhd.

Kelington Group Bhd.

MMYX:KGB
8.53
MYR
+0.15
(+1.79%)
38.85P/E
Dec 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.27
0.44
0.47
0.78
0.69
0.71
0.63
0.83
1.07
1.99
2.51
1.89
1.71
1.69
Basic EPS, GAAP
- -
0.01
-0.01
0.02
0.03
0.04
0.04
0.04
0.06
0.09
0.16
0.18
0.2
0.21
Free Cash Flow per Basic Share
- -
-0.03
0.05
0.03
0.03
- -
-0.02
0.07
-0.03
-0.01
0.17
0.19
0.05
-0.07
Dividend per Share
0.01
- -
0.01
- -
0.01
0.01
0.01
0.01
0.01
0.02
0.03
0.09
0.07
0.13
Book Value per Share
0.13
0.14
0.13
0.15
0.17
0.22
0.25
0.26
0.3
0.37
0.52
0.66
0.79
0.86
Tangible Book Value per Share
0.11
0.12
0.12
0.14
0.16
0.21
0.24
0.25
0.29
0.36
0.5
0.65
0.78
0.85
Basic Weighted Avg Shares
427
432
438
443
454
494
598
477
482
643
644
675
745
793
Sales/Revenue/Turnover
117
189
206
343
313
350
380
395
515
1,279
1,614
1,272
1,275
1,336
Operating Margin (%)
2.27
2.26
1.7
4.99
7.52
7.32
8.74
6.83
7.06
6.23
9.46
13.03
15.94
16.54
Depreciation Expense
1
1
1
1
1
2
3
5
6
7
11
15
16
18
Net Income, GAAP
2
5
-3
9
12
19
24
18
29
56
104
124
151
163
Effective Tax Rate (%)
2.3
0.6
- -
12.35
32.75
26.75
24.25
16.01
16.79
21.35
20.82
20.16
20.55
20.27
Profit Margin (%)
1.42
2.75
-1.23
2.57
3.76
5.33
6.43
4.44
5.63
4.36
6.45
9.77
11.84
12.22
Working Capital
41
47
45
53
59
87
117
127
143
163
223
341
459
594
LT Debt
1
1
- -
1
2
2
26
29
26
35
63
80
76
74
Total Equity
54
59
59
67
78
116
156
168
193
243
338
473
614
756
Return on Invested Capital (%)
3.61
4.69
- -
18.24
16.23
15.67
15.43
10.89
13.18
17.25
23.81
22.28
21.57
20.38
Return on Capital (%)
3.44
6.51
- -
11.3
12.52
16.24
15.81
9.26
12.77
15.53
21.86
21.84
21.25
19.97
Return on Common Equity (%)
3.08
9.17
-4.3
14.06
16.28
19.19
17.99
10.83
16.1
25.87
36.42
30.86
27.78
25.22

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
132
98
144
LT Borrowings
68
66
63
LT Finance Leases
8
7
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
778
791
877
Market Capitalization
4,046
3,916
7,016

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,147
1,103
1,152
Cash, Cash Equivalents & STI
459
547
541
Accounts Receivable, Net
435
302
300
Inventories
15
16
22
Total Current Liabilities
688
636
559
Payables & Accruals
- -
- -
- -
ST Debt
132
98
144
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.94%
29.87%
29.63%
Free Cash Flow
-160.43%
-309.59%
-69.87%
Net Income, GAAP
-6.68%
57.11%
21.37%
Sales/Revenue/Turnover
26.6%
36.84%
0.22%
Total Cash Common Dividend
57.33%
75%
-9.66%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
339
321
307
304
1,272
2025
270
282
316
405
1,275
2026
270
344
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.05
0.06
0.18
2025
0.04
0.05
0.05
0.07
0.2
2026
0.04
0.05
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.02
0.04
0.09
2025
- -
- -
0.02
0.02
0.07
2026
0.04
0.04
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Seng Chuan Lim
Full Time Employees
863
Sector
Industrial services
Industry
Engineering & construction
Address
Bukit Jelutong Industrial Park Shah Alam SEL Malaysia 40150
IPO Date
Nov 25, 2009
Website
kelington-group.com
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Business
Kelington Group Berhad (KLSE:0151), an investment holding company headquartered in Shah Alam, Selangor, Malaysia, and founded in 1999, provides integrated engineering services, turnkey construction, and industrial gases solutions across the Asia Pacific region, including Malaysia, Singapore, China, Taiwan, Indonesia, the Philippines, India, Hong Kong, and emerging markets in Europe such as Germany. The company specializes in ultra-high purity (UHP) gas and chemical delivery systems for the electronics, semiconductor, oil and gas, petrochemical, oleochemical, pharmaceutical, food and beverage, biotechnology, and medical industries; its core offerings encompass gas and chemical delivery equipment, orbital welding, modeling and simulation technology, UHP certification and commissioning, gas and chemical purification and abatement technology, metallurgical expertise, and related services including design and modeling, fabrication and installation, quality testing and certification, control and instrumentation, maintenance, and servicing. Subsidiaries engage in trading machinery equipment and parts, engineering consultancy, scientific research, laboratory testing, fabricated steel structures, and mechanical electrical works, while the industrial gases division manufactures and trades industrial and specialty gases, including high-purity liquefied carbon dioxide (LCO2) from facilities like the Kerteh plant, which doubles as a carbon capture site. Recent developments include the acquisition of the remaining 9.29% stake in Ace Gases Sdn Bhd in November 2024 for full ownership to enhance operational efficiencies and profit consolidation; securing RM108 million contracts in September 2025 for a bulk gas system at a Singapore memory chip plant and a packaging facility; entry into the European market with a semiconductor hook-up project in Germany valued up to RM244 million announced in August 2025; a memorandum of understanding with Petronas CCS Solutions Sdn Bhd in July 2025 to explore carbon dioxide capture operations; and an order book of RM1.27 billion as of December 31, 2024, driven 71% by UHP projects amid sustained annual new contract wins exceeding RM1 billion.