According to Kingsmen in its announcement on May 5, the contract win demonstrates its "commitment to providing unparalleled experience for its client and Formula 1 fans while also solidifying its presence in the motorsport industry."
Kingsmen says the contract is expected to contribute positively to its earnings and NTA for the current FY2024 to FY2029 ending Dec 2029.
Kingsmen was in the news recently for winning the contract to build Singapore's pavilion in Osaka for next year's World Expo.
As at Jan 31, Kingsmen has built up an order book of $171 million, with $152 million in revenue to be recognised in the current FY2024.
See also: Oiltek wins new contracts worth RM61.9 million
Kingsmen Creatives' shares closed at 27 cents on May 3, up 3.85% for the day, but down 3.57% year to date.
