25-06-2025
ES Sunlogy's RE segment signals positive trajectory, says MD
KUALA LUMPUR: ES Sunlogy Bhd posted a net profit of RM2.48mil on revenue of RM75.61mil for its third financial quarter ended April 30, 2025, marking its full quarter post-initial public offering on the ACE Market of Bursa Malaysia.
In a statement, ES Sunlogy said its revenue in the quarter under review was down 24.4% compared to the preceding quarter, attributed to lower contribution from the M&E segment due to the timing of project milestones and completion cycles.
"This resulted in a quarter-on-quarter decrease in profit after tax. The moderation was expected and is part of the company's typical project execution flow," it said.
The mechanical and electrical engineering services segment remained its core revenue driver, contributing RM67.6mil or 89.4% to the company's total revenue.
The trading and sale of renewable energy segments contributed RM6mil and RM2mil respectively.
"While the quarter saw a temporary moderation in revenue, it was anticipated as part of our project lifecycle.
"More importantly, our strong unbilled order book and expanding footprint in the renewable energy space signal a promising trajectory ahead," said managing director Khor Chuan Meng.
Over the three financial quarters, the company recorded a net profit of RM10.03mil on revenue of RM239.18mil.
As at April 30, 2025, ES Sunlogy recorded total equity of RM107.1mil and an unbilled order book of RM214.1mil, providing earnings visibility in FY25 and FY26.
