Favelle Favco secures RM83.7 million Australian tower crane orders
Favelle Favco Bhd’s Australian unit has secured two tower crane supply orders worth a combined RM83.7 million, adding new contracts to the crane maker’s order book. Deliveries are scheduled to begin by the first quarter of 2027 and continue through the end of 2027, as the group maintains an order book spanning several global industries.
Highlights
- Favelle Favco Cranes Pty Ltd has secured RM83.7 million in Australian tower crane orders from Marr Contracting Pty Ltd and G A Caelli Holdings Trust, with deliveries due to be completed by the end of 2027.
- The new orders lift Favelle Favco’s order book to around RM1.22 billion as at 18 August, including RM137 million from Intelligent Automation.
- For the second quarter ended 30 June 2026, net profit rose 53.7% year on year to RM12.7 million, despite a 9.4% decline in revenue to RM208.5 million.
This article was translated from the original. Read the original version by our correspondent here.
Contract details and delivery schedule
According to The Edge Malaysia, Favelle Favco Cranes Pty Ltd, a wholly owned subsidiary of the group, received the orders from Marr Contracting Pty Ltd and G A Caelli Holdings Trust between 5 November and the announcement date.The cranes for Marr Contracting are expected to be delivered by the first quarter of 2027, while deliveries to G A Caelli Holdings Trust are scheduled for completion by the end of 2027. The company announced the contract wins on Tuesday.
Implications for performance and order book
The new orders further support Favelle Favco’s order book, which stood at approximately RM1.22 billion as at 18 August, including RM137 million from its Intelligent Automation division. The order book covers projects across the global oil and gas, shipbuilding, construction, wind turbine and intelligent automation industries.For the second quarter ended 30 June 2026, the group’s net profit rose 53.7% year on year to RM12.7 million from RM8.24 million, driven mainly by higher operating profit and lower tax expenses. However, revenue fell 9.4% to RM208.5 million from RM230.2 million.
Favelle Favco shares reached a high of RM1.75 in July before retreating in the following months. On Tuesday, the shares closed down three sen, or 2%, at RM1.50, valuing the group at RM359.3 million.
We recently reported that Menara Asia launched the Menarabena platform to connect construction players with building materials suppliers, with a focus on certification and compliance.
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