ES Sunlogy posts RM2.47mil net profit, RM75.6mil revenue in Q3
The mechanical and electrical (M&E) segment remained the company's core revenue driver, contributing RM67.6 million or 89.4 per cent to the total revenue.
Both trading and sale of renewable energy segments contributed RM6 million and RM2 million respectively.
For the first nine months of the financial year 2025 (9M FY25), ES Sunlogy's net profit stood at RM10 million on a revenue of RM239 million.
In a statement, the company said its total equity stood at RM107 million, with an unbilled order book valued at RM214.1 million as of April 30, 2025.
Listed on the ACE Market of Bursa Malaysia in February, the company said post-initial public offering (IPO) proceeds had been deployed prudently in line with the intended utilisation and expansion plans.
ES Sunlogy managing director Khor Chuan Meng said the quarter experienced a temporary moderation in revenue, which was anticipated as part of the company's project lifecycle.
"More importantly, our strong unbilled order book and expanding footprint in the renewable energy space signal a promising trajectory ahead.
"We remain committed to delivering sustainable value to our stakeholders, backed by operational excellence and strategic growth in high-potential sectors," he added.
The company remains optimistic about its prospects in both infrastructure and clean energy sectors.
Backed by Class A and G7 contractor accreditations, ES Sunlogy said it is poised to secure and deliver large-scale M&E projects across the country.
It is actively advancing its renewable energy initiatives, including its ownership in the Junjong large scale solar photovoltaic plant and joint venture in the Selarong plant.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
8 hours ago
- The Sun
STR Phase 3 aids families with kitchen and school essentials
KUALA LUMPUR: The third phase of Sumbangan Tunai Rahmah (STR) disbursement, which commenced today, has brought relief to low-income families across Malaysia. In Kedah, vegetable seller Noor Syakilah Adzhar, 42, plans to use the funds for diapers and milk for her twin sons. 'My husband's income as a grass cutter is irregular, so this assistance is crucial for our family of six,' she said. Retiree Borhan Abd Rahim, 67, from Pendang, will allocate his STR aid for staple food items. 'I appreciate the government's care for seniors like me,' he added. In Melaka, cobbler Asyraf Ismail, 35, highlighted how the aid eases his end-of-month financial strain. 'It helps me stock up on food before the school holidays,' he explained. Perak food trader Mohd Rithauddeen Mohd Mustapha, 48, emphasised the programme's role in offsetting high living costs. 'The STR lets me buy extra household essentials,' he said. Kelantan housewife Norizan Hasan, 57, appreciated the flexibility of STR compared to SARA. 'Today, I bought basmati rice for special nasi lemak,' she shared. Sabah fisherman Mohidin Sugarin, 52, noted the aid's timeliness amid rising fuel and equipment costs. 'This RM650 helps repair my fishing net,' he said. Kota Belud trader Juriah Muntang, 45, relies on STR for her children's schooling needs. 'Road closures disrupt my business, so this aid is vital,' she added. Kota Marudu farmer Ligundao Akoi, 63, praised the extended application period. 'It ensures more villagers receive help,' he remarked. In Sarawak, cold storage worker Alvin Ayin, 37, called STR a lifeline. 'It covers kitchen and school expenses before payday,' he said. Prime Minister Datuk Seri Anwar Ibrahim announced the RM2 billion allocation yesterday, reaffirming the government's commitment to easing living costs for vulnerable groups. – Bernama
Borneo Post
9 hours ago
- Borneo Post
ES Sunlogy signs deal for special energy zone devt in Baram
Abang Zohari (centre) witnesses the heads of agreement exchange between ES Sunlogy and Planet QEOS on Monday. KUCHING (Aug 12): ES Sunlogy Bhd (ES Sunlogy), an established provider of mechanical and electrical (M&E) engineering services as well as generation and sale of renewable energy, has entered into a heads of agreement to support the development of a 155 megawatt-peak (MWp) solar hybrid power plant integrated with a 310 megawatt-hour (MWh) Battery Energy Storage System (BESS) in Baram, Sarawak. Signed in partnership with Planet QEOS Sdn Bhd (Planet QEOS), the deal was witnessed by Sarawak Premier Datuk Patinggi Tan Sri (Dr) Abang Abdul Rahman Zohari Tun Openg during the Public-Industry Engagement Day and Launching Ceremony of the Sarawak Energy Transition Policy (SET-P). This flagship initiative forms part of the broader Special Energy Zone (SEZ) launched by the Sarawak Government to accelerate the region's transformation into a clean energy and economic growth hub. ES Sunlogy managing director Khor Chuan Meng, commented, 'Sarawak has taken a visionary step by launching the Special Energy Zone in Baram. 'This initiative will serve as a catalyst for clean energy adoption, rural transformation, and local value creation. ES Sunlogy is honoured to be part of this mission, contributing not only through our renewable energy projects but by anchoring our core M&E expertise in the region. 'We are committed to working closely with the State Government and its agencies to support capacity building and regional infrastructure development in Baram.' Planet QEOS, a Sarawak-based deep technology company, recently received in-principle approval from the Sarawak State Government for its integrated agrovoltaic and renewable energy proposal in Baram, which includes the development of up to 4,000 MWac of solar capacity over a 1,200-hectare site. The initiative combines large-scale solar generation with food and agriculture infrastructure under a patented Sustainable Animal Feed Economics (SAFE) model to support both energy and food security. The Baram project also includes the construction of a dedicated 180-kilometre transmission corridor—repurposing the former Sabah-Sarawak Gas Pipeline—to deliver green energy from Baram to downstream industrial zones in Bintulu. This facility will serve as a regional hub for technical training, systems integration, and knowledge transfer, creating high-value jobs for local talent and upskilling the surrounding communities. The project also contributes to Phase 1 of the Baram DeepTech Energy Program, which aims to deliver 500 MWac of firm renewable energy into the SEB Grid by 2027, powered by 1,850 MWp of solar photovoltaic systems and 3,677 MWh of battery energy storage. This development is expected to form the world's largest single-site BESS-based solar power system, supporting fully dispatchable clean energy with a 60 per cent capacity factor. The Baram DeepTech program represents a critical component of Sarawak's broader plan to build a firm, reliable renewable energy supply equivalent to two Bakun Hydroelectric Plants by 2030. Additionally, ES Sunlogy will support the SEZ's integrated agrovoltaic ecosystem through the deployment of solar energy systems to power agricultural, logistics, and rural development zones within Baram. The SAFE agrovoltaic initiative is expected to generate thousands of employment opportunities in engineering, food production, and clean energy services, while enabling Sarawak to lead innovation in agri-energy convergence across Southeast Asia. By offering engineering and energy solutions tailored to Sarawak's unique geographic and demographic needs, the Group aligns itself with the State's objective to promote sustainable and equitable growth beyond urban centres. With a proven track record of delivering more than 13 projects with over 300MWp of solar capacity across Malaysia, ES Sunlogy plans to establish a dedicated regional presence in Sarawak to support local project execution, talent development, and long-term stakeholder engagement. In alignment with ESG principles, the Company will also incorporate low-carbon construction practices, promote local workforce participation, and provide solar electrification solutions to surrounding communities. Baram Es Sunlogy SET-P solar
The Star
14 hours ago
- The Star
Malaysia's 2Q GDP growth projected at 4.3% on sector gains, says HLIB
KUALA LUMPUR: Malaysia's gross domestic product (GDP) growth for the second quarter of 2025 (2Q 2025) is projected to be at 4.3 per cent, driven by the agriculture sector's recovery, and expansion in the services, manufacturing and construction sectors, said Hong Leong Investment Bank Bhd (HLIB). The projection is slightly below the Department of Statistics Malaysia's (DOSM) advance estimate and consensus median forecast of 4.5 per cent. HLIB said on the demand side, growth is anticipated to be primarily led by private consumption, and volatile import duties are likely to contribute positively to GDP. "For now, we maintain our 2025 GDP growth forecast at 4.0 per cent, pending the release of full 2Q 2025 GDP print on Aug 15," it said in a research note today. It said the growth will be anchored by resilient domestic demand, steady employment and wage gains, and supportive fiscal measures, including a one-off RM100 cash transfer for all adults to be used from Aug 31-Dec 31, 2025. Assuming that the entire amount of the cash transfer is spent, HLIB estimates that a total of RM2 billion in spending would raise private consumption by 0.2 percentage points. "Nevertheless, downside risks to growth persist, stemming from global trade headwinds and policy uncertainty," it said. Meanwhile, Maybank Investment Bank Bhd also predicted Malaysia's GDP in 2Q 2025 to be at 4.3 per cent, reflecting slower growth in the services and construction sectors, firmer manufacturing and agriculture sectors' performance and smaller contraction in the mining sector. - Bernama
