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Adnex is in a strong position to benefit from the growing demand for high-quality office fit-outs, as more Malaysian companies are looking for Grade A and green-certified purpose-built offices, which currently have around 80.8% occupancy
Office space in the Klang Valley grew to about 120.6 million sq ft by the second half of 2025, after adding 2.4 million sq ft over the year. Looking ahead, development is still going strong, with another 2.8 million sq ft expected to come in 2026
ADNEX currently has about RM66 million worth of work that hasn’t been billed yet. What’s interesting is that roughly half of the jobs over the past two years came from repeat customers and about 90% of those are multinational companies from the US and Europe. Pretty impressive
So much unbilled work is good sign, means they got solid pipeline to collect soon. And good to see MNCs keep coming back, that's real testament to their quality and service.