Latest news with #UEMEdgenta
New Straits Times
29-05-2025
- Business
- New Straits Times
UEM edgenta secures order book worth RM1.1bil in Q1, bringing total to RM9.3bil
KUALA LUMPUR: UEM Edgenta Bhd has secured an order book worth RM1.1 billion in the first quarter ended March 31, 2025 (1Q FY2025), bringing the company's cumulative order book to RM9.3 billion as at March 31, 2025. Chief financial officer Ahmad Fazril Fauzi said the RM1.1 billion represents 39 per cent of the total order book secured in FY2024. "We secured RM2.8 billion for the whole of last year, and by the first quarter of this year, we have already achieved 39 per cent of that," he said during a virtual analyst and media briefing today. Of the RM9.3 billion order book, RM5.8 billion is contributed by infrastructure services, followed by healthcare solutions (RM2.5 billion), property and facility solutions (RM600 million), and asset consultancy (RM400 million). "We are bullish on the performance going forward, supported by the positive momentum of its international operations as we secured contract wins in key markets such as Saudi Arabia, the United Arab Emirates (UAE) and Singapore. "The group's operations in Saudi Arabia and the UAE achieved a strong 24 per cent year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities" he added. Elaborating further, he added that in Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging order book, while additional wins in Taiwan (RM328.7 million) are also supporting the group's efforts to stabilise and strengthen its business performance. Commenting on its financial results ended March 31, 2025, Ahmad Fazril said the company is expected to return to profitability as early as the second quarter after recording losses in 1Q FY2025. He attributed the losses to cyclical factors. UEM Edgenta turned red in 1QFY2025, registering a net loss of RM17.95 million compared with RM9.77 million in the same quarter a year ago, while revenue declined to RM646.06 million versus RM677.6 million recorded previously.
The Star
29-05-2025
- Business
- The Star
UEM Edgenta secures order book worth RM1.1bil in 1Q25, bringing total to RM9.3bil
KUALA LUMPUR: UEM Edgenta Bhd has secured an order book worth RM1.1 billion in the first quarter ended March 31, 2025 (1Q FY2025), bringing the company's cumulative order book to RM9.3 billion as at March 31, 2025. Chief financial officer Ahmad Fazril Fauzi said the RM1.1 billion represents 39 per cent of the total order book secured in FY2024. "We secured RM2.8 billion for the whole of last year, and by the first quarter of this year, we have already achieved 39 per cent of that," he said during a virtual analyst and media briefing today. Of the RM9.3 billion order book, RM5.8 billion is contributed by infrastructure services, followed by healthcare solutions (RM2.5 billion), property and facility solutions (RM600 million), and asset consultancy (RM400 million). "We are bullish on the performance going forward, supported by the positive momentum of its international operations as we secured contract wins in key markets such as Saudi Arabia, the United Arab Emirates (UAE) and Singapore. "The group's operations in Saudi Arabia and the UAE achieved a strong 24 per cent year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities" he added. Elaborating further, he added that in Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging order book, while additional wins in Taiwan (RM328.7 million) are also supporting the group's efforts to stabilise and strengthen its business performance. Commenting on its financial results ended March 31, 2025, Ahmad Fazril said the company is expected to return to profitability as early as the second quarter after recording losses in 1Q FY2025. He attributed the losses to cyclical factors. UEM Edgenta turned red in 1QFY2025, registering a net loss of RM17.95 million compared with RM9.77 million in the same quarter a year ago, while revenue declined to RM646.06 million versus RM677.6 million recorded previously. - Bernama
Barnama
29-05-2025
- Business
- Barnama
Edgenta Eyes Recovery As International Wins Set To Offset Q1 Challenges
KUALA LUMPUR, May 29 (Bernama) -- UEM Edgenta Berhad ('UEM Edgenta'), a regional leader in Asset Management and Infrastructure Solutions, today announced its unaudited financial results for the first quarter ended 31 March 2025 ('Q1 FY2025'), reporting a Loss Before Tax (LBT) of RM11.8 million, compared to a Profit Before Tax (PBT) of RM19.6 million in the same period last year. Revenue stood at RM646.1 million, a 4.6% decrease from RM677.6 million in Q1 FY2024. The performance was primarily affected by higher operational costs, particularly in manpower, as well as the completion of several one-off contracts and cyclical factors. Despite these headwinds, UEM Edgenta is seeing positive momentum from its international operations, which are expected to support performance moving forward. The Group's operations in Saudi Arabia and the UAE achieved a strong 24% year-on-year revenue growth, driven by effective integration efforts and the scaling of newly acquired entities. In Singapore, new contract wins amounting to RM462.8 million within the Healthcare Solutions division contributed to an encouraging orderbook, while additional wins in Taiwan (RM328.7 million) are also supporting the Group's efforts
New Straits Times
28-05-2025
- Business
- New Straits Times
UEM Edgenta slumps 16pct after Q1 loss, RHB ends coverage
KUALA LUMPUR: UEM Edgenta Bhd tumbled nearly 16 per cent or 13.5 sen, to 72.5 sen at midday after the company reported a net loss in the first quarter of its financial year 2025. At the last price, the company had a market capitalisation of about RM602.9 million. The share opened at 77 sen, down nine sen from Tuesday's close of 86 sen, and hovered between 72 sen and 77.5 sen throughout the morning session. A total of 7.43 million shares changed hands. The share price has been volatile since the beginning of this year, before peaking at 93 sen on May 16. Year-to-date, the stock has declined 10 per cent. UEM Edgenta's biggest shareholder is Khazanah Nasional Bhd's UEM Group Bhd, which owns 69.14 per cent of the company. This is followed by Urusharta Jamaah Sdn Bhd with a 5.75 per cent stake in the company. RHB Investment Bank Bhd (RHB Research) noted today that it is ceasing coverage on UEM Edgenta due to a reallocation of internal resources. The firm's last call was "Buy" with a target price of RM1.04. It stated that UEM Edgenta's core net loss of RM17.7 million in the first quarter of the financial year 2025 (1QFY25) came in below expectations. This was mainly attributed to a decline in the healthcare support division due to contract termination in Malaysia. The company also recorded lower revenue contribution from the infrastructure services segment, following changes in the scope of work performed during the quarter. "Seasonality factors and higher operational costs – primarily because of increased manpower expenses stemming from the minimum wage hike – also contributed to dragging UEM Edgenta into the red," RHB Research added.
New Straits Times
25-04-2025
- Business
- New Straits Times
UEM Edgenta bags S$220.5mil hospital support services contract in Singapore
KUALA LUMPUR: UEM Edgenta Bhd's Singaporean unit UEMS Solutions Pte Ltd has secured a S$220.5 million (RM735 million) contracts from ALPS Pte Ltd to provide hospital support services to various hospitals in Singapore. The contract, which value is subjected to the finalisation of manpower resources, will last between 32 months and five years, with the earliest commencement date on May 1, 2025. "The contracts are expected to contribute positively to the earnings and net assets per share of UEM Edgenta for the financial year ending Dec 31, 2025. "The contracts will not have any effect on the issued and paid-up share capital, and the shareholding of the substantial shareholders of the company," it said in a bourse filing today. UEM Edgenta's share price closed unchanged at 74.5 sen, with a market capitalisation of RM619.6 million.
