GTA Holdings Berhad, an investment holding company specializing in aviation maintenance, repair and overhaul (MRO) services, has received approval from Bursa Malaysia Securities Berhad to list on the ACE Market. The approval marks a significant milestone for the company, which operates through its wholly-owned subsidiary, Global Turbine Asia Sdn. Bhd., established in 2010. GTA serves aviation operators, MRO customers, and defence-linked markets, supported by OEM-linked relationships within the Safran group and EPI consortium ecosystems.

For the financial year ended 31 December 2024 (FYE 2024), the Group recorded revenue of RM236.65 million and a profit after tax of RM36.61 million. Revenue was driven by proactive maintenance service packages (RM91.79 million), corrective maintenance (RM50.19 million), and sales of aviation equipment (RM94.67 million). The company is strategically based at the Helicopter Centre at Sultan Abdul Aziz Shah Airport, Subang, a key aviation maintenance hub in Malaysia.

The proposed IPO involves 329.0 million shares, comprising a public issue of 205.0 million new shares and an offer for sale of 124.0 million existing shares. The public issue includes 64.57 million shares for the Malaysian public, 12.91 million shares for eligible directors and employees, and 127.52 million shares via private placement to institutional and selected investors. The IPO shares represent approximately 25.48% of the Company's enlarged issued share capital of 1,291,347,300 shares.

Proceeds from the public issue will support strategic initiatives, including establishing a new operating facility, expanding helicopter MRO activities in the Middle East, and entering the MRO segment for landing gear, wheels, and brakes. Funds will also cover working capital and listing expenses. The new facility aims to enhance technical capabilities, certifications, headcount, and training initiatives.

Dato' Nonee Ashirin binti Dato' Mohd Radzi, Managing Director and Chief Executive Officer of GTA Holdings Berhad, emphasized the listing's importance: "This marks an important milestone in our corporate journey and reflects the progress we have made in building a specialised aviation support business with strong technical capabilities, trusted customer relationships and a clear growth strategy." She added that the IPO would strengthen operational capabilities and expand market reach in Malaysia and beyond.

Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for the IPO. The company's focus remains on capturing opportunities in the aviation maintenance and support industry while delivering long-term value to stakeholders.

Financial Highlights for FYE 2024

IPO Structure