PIBT SURPASSES FULL YEAR REVENUE AND PROFIT TARGETS, ACHIEVING RM313.8 MILLION IN REVENUE AND RM26.6 MILLION IN PAT
Kuala Lumpur, 25 February 2025 – Prolintas Infra Business Trust (“PIBT”) today announced its unaudited financial results for the fourth quarter ended 31 December 2024 (“4Q24”). PIBT recorded revenue of RM81.0 million, marking a 2.1% increase from RM79.3 million in the previous quarter. This growth was primarily driven by higher traffic volumes across key toll roads, particularly SILK and LKSA, which registered traffic increases of 3.6% and 2.8%, respectively.
For the full financial year ended 31 December 2024 (“FY2024”), PIBT exceeded its revenue and profit forecasts, reporting RM313.8 million in revenue and a profit after tax (“PAT”) of RM26.6 million, surpassing the projected PAT of RM8.3 million. The positive performance was primarily driven by higher revenue, profit income from Shariah-compliant placements, and better cost management.
Following the first half distribution of RM34.9 million paid on 18 September 2024, PIBT has proposed a second half distribution of 3.18 sen per unit, amounting to RM35.0 million. This brings the total distribution for FY2024 to RM70.0 million. The distribution is payable on 25 March 2025 to unitholders registered in the Record of Depositors on 13 March 2025.
Looking ahead, the Chairman stated:
“We remain optimistic about the future of our highways, driven by Malaysia’s resilient economic growth and increasing urban mobility. Our key focus is to enhance the organic growth of our highways by introducing value-added services and facilities, reinforcing their appeal as preferred routes. At the same time, we remain committed to optimising costs through operational excellence, ensuring sustainable returns for our unitholders.”
PIBT is Malaysia’s first listed Islamic business trust on Bursa Malaysia, comprising four highway assets: Ampang – Kuala Lumpur Elevated Highway (“AKLEH”), Guthrie Corridor Expressway (“GCE”), Lebuhraya Kemuning – Shah Alam (“LKSA”), and Sistem Lingkaran – Lebuhraya Kajang (“SILK”). PIBT offers unitholders a unique proposition of sustainable distributions, supported by the long-term stability of its strategically located highways in high-traffic, densely populated areas in the Klang Valley.
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