UEM Edgenta Secures Order Book Worth RM1.1 Bln In 1Q FY2025, Bringing Total To RM9.3 Bln
KUALA LUMPUR, May 29 (Bernama) -- 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