CTRM SUCCESSFULY ACQUIRES SPIRIT AEROSYSTEMS MALAYSIA
Acquisition solidifies CTRM’s position within the global aerospace industry as a leading aerostructure supplier
SHAH ALAM, 8 DECEMBER 2025 – Composites Technology Research Malaysia Sdn Bhd (“CTRM”), a wholly owned subsidiary of DRB-HICOM Berhad (“DRB-HICOM”), has successfully acquired Spirit AeroSystems Malaysia Sdn Bhd (“Spirit MY”).
This follows the approval obtained from DRB-HICOM shareholders on 14 November 2025 and the approvals of the European Commission and the United States Federal Trade Commission which have been made publicly available on 14 October 2025 and 3 December 2025 respectively.
The acquisition provides a strategic opportunity to further enhance CTRM’s competitive position in the aerospace industry by enhancing its aerostructures expertise. This would contribute towards improved scale, efficiency, and growth in various areas that would elevate CTRM’s presence in key aerospace programmes and deepen its relationships with global OEMs, expanding CTRM’s relationships with Airbus for their A220, A320, and A350 programmes, and with Boeing on the 737 and 787 programmes.
With the acquisition of Spirit MY, the CTRM Group will have a stronger platform to pursue continuous improvement, operational discipline, and drive long-term value creation for its stakeholders. The combined organisation creates greater capacity for investment in workforce development, technological advancement, and sustainability initiatives, all of which are critical enablers to meet future industry demands and securing CTRM’s role as a resilient, future-ready aerospace player.
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SHAH ALAM, 25 November 2025: DRB-HICOM Berhad (“DRB-HICOM” or “the Group”) posted a pre-tax profit (“PBT”) of RM64.74 million for the third quarter of 2025 (“Q3 2025”), supported by revenue of RM4.49 billion. This marks an improvement over the corresponding quarter ended 30 September 2024, which recorded a PBT of RM45.86 million and revenue of RM4.13 billion.
The stronger Q3 2025 performance was driven by higher sales across all business sectors – Automotive, Properties, Aerospace and Defence, Banking, Postal and Services.
For the first nine months of 2025, the Group recorded a PBT of RM280.55 million and revenue of RM12.74 billion, compared with a PBT of RM282.56 million and revenue of RM12.23 billion in the corresponding period of 2024 (“9M 2024”). The marginal decline in PBT was mainly due to softer contributions from the Aerospace and Defence, Postal and Properties sectors, partially offset by stronger results from the Banking, Automotive and Services sectors.
REVENUE PERFORMANCE ACROSS BUSINESS SECTORS
The Group’s revenue for the nine-month period of 2025 increased by 4.2% to RM12.74 billion from RM12.23 billion in 9M 2024, supported by growth across key sectors:
- Properties: Revenue grew 51.0% to RM197.68 million (9M 2024: RM130.89 million), supported by progress from property concession development projects.
- Services: Revenue rose 13.0% to RM158.57 million (9M 2024: RM140.33 million), largely attributable to a higher number of commercial vehicles undergoing inspections within the vehicle inspection business segment.
- Automotive: Revenue grew 4.6% to RM8.84 billion (9M 2024: RM8.46 billion), mainly due to higher sales volume from PROTON, supported by a favourable sales mix and increased contributions from automotive distribution companies.
- Banking: Revenue increased 4.0% to RM1.65 billion (9M 2024: RM1.59 billion), underpinned by higher financing income, supported by sustained business growth and an expanding customer base.
- Postal: Revenue rose 1.5% to RM1.34 billion (9M 2024: RM1.32 billion), supported by higher parcel volumes and growth in cargo and in-flight catering activities following an uptick in meal uplifts. This was partially offset by lower ocean freight management activities and prolonged downtime of a marine vessel undergoing dry-docking.
- Aerospace & Defence: Revenue declined 6.7% to RM544.88 million (9M 2024: RM584.05 million), reflecting weaker airlines demand following reduced deliveries of single-aisle aircraft and certain aircraft components.
PROSPECTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2025
The Malaysian economy is expected to sustain steady growth, underpinned by resilient domestic demand. However, external headwinds continue to pose challenges to overall performance and the industry outlook.
The Malaysian Automotive Association maintained its 2025 Total Industry Volume forecast at 780,000 units. The Group’s Automotive sector continues to strengthen operational efficiency through the consolidation of the Proton Tanjong Malim plant and the commissioning of its new electric vehicles (“EV”) facilities. This development marks a major milestone that aligns with the Government’s national EV agenda.
PROTON’s momentum continues with the recent launch of the e.MAS 5 surpassing 10,000 bookings, while the e.MAS 7 maintains its dominance as Malaysia’s best-selling EV. This reflects strong consumer confidence in PROTON’s EV brand and reaffirms the Group’s commitment to advancing its electrification strategy going forward.
The acquisition of Spirit AeroSystems Malaysia Sdn. Bhd. will further strengthen Composites Technology Research Malaysia’s (“CTRM”) core expertise within global supply chains. In addition, the proposed acquisition, targeted for completion by year-end, is expected to accelerate growth, drive higher value creation and reinforce Malaysia’s capabilities in the global aerospace industry.
Whilst the business environment remains challenging, the Group is committed to its digitalisation journey, optimising operations and strengthening efficiency across all segments.
The Group anticipates a moderate outlook for the financial year ending 31 December 2025.
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SHAH ALAM, Wednesday, 27 August 2025: DRB-HICOM Berhad (“DRB-HICOM” or “the Group”) reported a pre-tax profit (“PBT”) of RM123.19 million for the second quarter of 2025 (“Q2 2025”), supported by revenue of RM4.14 billion. This represents a substantial improvement over the corresponding quarter ended 30 June 2024, which recorded a PBT of RM25.93 million and revenue of RM3.76 billion.
The stronger results in Q2 2025 was mainly driven by higher profit in the Banking sector, supported by increased financing and investment income as well as a reduction in the impairment allowances due to improved recoveries. Improved contributions from the Automotive, Postal, Properties, and Services sectors also reinforced the overall performance.
For the first half of 2025 (“1H 2025”), the Group recorded a PBT of RM215.81 million and revenue of RM8.25 billion, compared with a PBT of RM236.70 million and revenue of RM8.09 billion in the corresponding period of 2024. Stronger contributions from the Banking and Services sectors partially offset softer performances in other sectors, thereby supporting the Group’s overall performance stability.
REVENUE PERFORMANCE ACROSS BUSINESS SECTORS
The Group’s revenue for 1H 2025 recorded a modest increase of 2.0% to RM8.25 billion, compared with RM8.09 billion in the corresponding period of 2024. Sectoral performance was as follows:
- Automotive: Revenue rose 1.7% to RM5.68 billion (1H 2024: RM5.59 billion), supported by higher contributions from PROTON, driven by a favourable sales mix and increased sales volume from automotive distribution companies.
- Banking: Revenue improved by 5.3% to RM1.09 billion (1H 2024: RM1.04 billion), supported by higher financing income arising from sustainable loan growth and an expanding customer base.
- Postal: Revenue increased slightly by 1.5% to RM890.49 million (1H 2024: RM877.52 million), primarily from higher uplift volumes in the in-flight catering business. This was partly offset by weaker freight management operations and continued decline in traditional mail services.
- Aerospace & Defence: Revenue declined 12.7% to RM343.91 million (1H 2024: RM394.06 million), reflecting lower deliveries of single-aisle aircraft and selected aircraft parts amid softer airline demand.
- Properties: Revenue grew 34.0% to RM140.92 million (1H 2024: RM105.20 million), mainly driven by contributions from property concession and development projects.
- Services: Revenue rose 14.5% to RM103.49 million (1H 2024: RM90.35 million), largely due to a higher turnout of commercial vehicles in the vehicle inspection business.
PROSPECTS FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2025
The Malaysian economy is projected to grow between 4.0% and 4.8% in 2025, supported by resilient domestic demand. Bank Negara Malaysia reduced the Overnight Policy Rate to 2.75% in July 2025, aimed at preserving Malaysia’s steady growth path amid moderate inflation prospects. Meanwhile, the global outlook remains challenging largely driven by uncertainties over US tariff policies and fiscal sustainability.
The Malaysian Automotive Association anticipates a lower Total Industry Volume in 2025 compared to 2024, with the sector continuing to be impacted by dampened consumer demand, rising competition, and potential effects from fuel subsidy rationalisation. The sales performance of the Group’s new models will hinge on consumer sentiment and overall economic conditions.
Other businesses within the Group will remain focused on building resilience through stronger risk management and sustainability efforts. Digital transformation is progressing in the Banking and Postal segments, while other sectors, namely Aerospace and Defence, Services, and Properties remain committed to strengthening business capabilities for the long-term growth.
The Group anticipates a moderate outlook for the financial year ending 31 December 2025.
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