Latest news with #KJTS
Yahoo
05-05-2025
- Business
- Yahoo
KJTS Group Berhad Full Year 2024 Earnings: EPS: RM0.012 (vs RM0.017 in FY 2023)
Revenue: RM137.7m (up 15% from FY 2023). Net income: RM8.30m (up 2.2% from FY 2023). Profit margin: 6.0% (down from 6.8% in FY 2023). EPS: RM0.012. Our free stock report includes 1 warning sign investors should be aware of before investing in KJTS Group Berhad. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period The primary driver behind last 12 months revenue was the Cooling Energy segment contributing a total revenue of RM65.3m (47% of total revenue). Notably, cost of sales worth RM99.7m amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM26.1m (88% of total expenses). Explore how KJTS's revenue and expenses shape its earnings. KJTS Group Berhad shares are up 3.9% from a week ago. Before we wrap up, we've discovered 1 warning sign for KJTS Group Berhad that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Associated Press
14-03-2025
- Business
- Associated Press
KJTS and Stonepeak Form Joint Venture to Pursue District Cooling Projects
KUALA LUMPUR & NEW YORK--(BUSINESS WIRE)--Mar 14, 2025-- KJTS Group Berhad ('KJTS' or the 'Group') (KLSE: KJTS), a leading provider of energy-efficient cooling solutions and integrated energy management services based in Malaysia, and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the creation of a joint venture dedicated to developing and investing in district cooling facilities. This press release features multimedia. View the full release here: The joint venture will initially seek to invest in a diversified portfolio of district cooling and electricity distribution assets in Malaysia. Southeast Asia, one of the hottest regions globally, is a fast-growing market for district cooling. Particularly in Malaysia, industrial urbanization, expanding energy efficiency initiatives, and the rapid buildout of data centers have markedly increased the need for district cooling systems, which are able to reduce total energy consumption by 40-50% relative to traditional cooling methods. The joint venture, expected to be capitalized at MYR 1.5 billion (USD ~340 million), through aggregate commitments from Stonepeak and KJTS and debt funding, will target an actionable addressable market of over MYR 2 billion (USD ~450 million) in project deployment opportunities per year. 'We are thrilled to partner with Stonepeak to pursue additional district cooling and electricity distribution projects in Malaysia,' said Azura Binti Azman, Independent Non-Executive Chairman at KJTS. 'This marks a significant partnership that underscores our commitment to sustainability and energy efficiency, and a transformative milestone, enabling the Group to accelerate its growth trajectory while advancing our mission to support the national agenda in reducing carbon emissions. Stonepeak represents an ideal partner, bringing important capital, industry relationships, and operational experience in building platforms from the ground up. We look forward to working together to bring dependable, long-term solutions to our customers.' 'District cooling has become an essential piece of the energy transition in Malaysia and Southeast Asia more broadly, given the region's rising energy demands, and we are seeing the solution being adopted into national climate action plans for many Southeast Asian countries,' said Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak. 'By partnering with KJTS, a respected operator in Malaysia with a keen understanding of the technicalities and best practices of district cooling, we are positioned well to address the need for this critical infrastructure head-on. We are excited to expand Stonepeak's portfolio of energy transition platforms within our Asia Infrastructure strategy as the tailwinds in the region remain as strong as ever.' The transaction is expected to close in the first quarter of 2025. Skrine served as legal counsel to KJTS. Linklaters LLP and Rahmat Lim & Partners served as legal counsel to Stonepeak. About KJTS KJTS Group Berhad (KLSE: KJTS) is a leading provider of district cooling solutions and standalone building cooling systems, specializing in the design, construction, operation, and optimization of energy-efficient cooling infrastructure. With extensive expertise in developing large-scale district cooling plants and customized cooling solutions for commercial, industrial, and mission-critical facilities, KJTS delivers integrated energy management services that enhance operational efficiency and sustainability. The company's in-house capabilities in Engineering, Procurement, Construction, and Commissioning (EPCC) ensure seamless project execution, while its Operations & Maintenance (O&M) services guarantee long-term reliability and cost savings for clients. Headquartered in Malaysia, KJTS is committed to advancing energy transition goals by deploying innovative cooling technologies that drive carbon reduction, support urban development, and optimize industrial performance. For more information, please visit About Stonepeak Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit [email protected] SOURCE: Stonepeak Copyright Business Wire 2025. PUB: 03/14/2025 06:00 AM/DISC: 03/14/2025 06:00 AM
Associated Press
27-02-2025
- Business
- Associated Press
KJTS Reports 24% Revenue Growth to RM39.0 Million in Q4 FY2024
KUALA LUMPUR, MALAYSIA / ACCESS Newswire KJTS Group Berhad ('KJTS' or the 'Company'), a leading provider of cooling energy management solutions is pleased to announce its unaudited financial results for the fourth quarter ended 31 December 2024 ('Q4 FY2024"). The Company recorded a revenue of RM39.03 million, representing a 24% increase compared to RM31.50 million in the corresponding period last year ('Q4 FY2023"). KJTS recorded a profit before tax ('PBT') of RM3.90 million in Q4 FY2024, marking an 72% increase from RM2.27 million in Q4 FY2023. Similarly, profit after tax ('PAT') grew by 110% to RM3.88 million from RM1.85 million in the same period last year. The higher profitability was primarily driven by gross profit improvements, particularly from the Cooling Energy segment, which yielded stronger margins. Malaysia remained the largest market, contributing RM26.45 million or 67.77% of total revenue in Q4 FY2024, while Singapore generated RM7.09 million or 18.17% of total revenue in Q4 FY2024, up from RM6.42 million as compared to Q4 FY2023. Thailand saw a strong surge to RM5.49 million or 14.06% of total revenue in Q4 FY2024, a significant increase from RM0.65 million as compared to Q4 FY2023. KJTS Group Berhad For the full-year FY2024, KJTS posted total revenue of RM137.75 million, reflecting a 15% year-on-year growth as compared to RM119.90 million in excluding ESOS and listing expenses, full-year Profit After Tax and Minority Interest ('PATMI') increased to RM14.98 million in FY2024, representing a 84.4% growth from RM8.12 million in FY2023, highlighting the Group's strong operational performance and improved profitability. On a quarter-on-quarter ('QoQ') basis, revenue rose 16.35% from RM33.54 million in the preceding financial quarter ended 30 September 2024 ('Q3 FY2024") to RM39.03 million in Q4 FY2024, reflecting higher contributions across all key business segments. The Cooling Energy segment led the revenue growth, increasing by RM3.92 million in Q4 FY2024 as compared to Q3 2024, attributed to progress in ongoing EPCC projects. The Company's PBT surged by 56.74% QoQ to RM3.90 million in Q4 FY2024 from RM2.49 million in Q3 FY2024, mainly due to higher ESOS expenses recorded in the Q3 FY2024 and higher gross profit recorded in the Q4 FY2024 which was driven by the corresponding increase in revenue for Q4 FY2024. Assuming there were no ESOS expenses, the adjusted PBT would have risen by 15.76% to RM4.72 million, while adjusted PAT would have increased by 37.28% to RM4.71 million in Q4 FY2024, reflecting the Group's strong operational performance and cost efficiencies. Looking ahead, KJTS is well-positioned to navigate the evolving economic landscape with its strategic expansions and expertise in energy-efficient cooling solutions. On 3 February 2025, the Group announced the proposed acquisition of Malakoff Utilities Sdn Bhd (MUSB), expanding its cooling energy footprint in KL Sentral. This move reinforce its leadership in sustainable energy management, while government initiatives such as Budget 2025 and the National Energy Transition Roadmap provide a strong growth runway. With rising demand for cost-effective cooling solutions amid increasing energy costs, KJTS is set to capitalise on these industry shifts, driving long-term value for its stakeholders. KJTS Group Berhad is a leading provider of cooling energy management solutions, specialising in integrated energy services that enhance operational efficiency and sustainability for businesses across diverse industries. For more information, visit William Yeo
