Ahmad Zaki Resources Berhad (AZRB) has just released its unaudited consolidated results for the third quarter ended 31 March 2025. For Malaysian retail investors, this report offers a look into the diversified group’s performance across its core segments, primarily Engineering & Construction, Concession, and Oil & Gas.
While the report highlights notable revenue growth for the quarter and the cumulative nine-month period, the profitability picture is a mixed bag, significantly influenced by a substantial one-off gain recorded in the comparative period of the previous financial year. Let’s dive into the key figures and what they mean for AZRB’s journey ahead.
Q3 FY2025: A Snapshot of Performance
AZRB’s latest quarterly report presents a blend of growth in top-line figures and a complex profit scenario. The Group saw an encouraging increase in revenue for the current quarter compared to the same period last year, signalling stronger operational activities.
Current Quarter Ended 31 March 2025
- Revenue: RM133.1 million
- Profit Before Tax (PBT): RM3.5 million
- Net Profit for the Period: RM0.48 million
- Earnings Per Share (EPS): 0.20 sen
Comparative Quarter Ended 31 March 2024
- Revenue: RM93.9 million
- Profit Before Tax (PBT): RM2.7 million
- Net Profit for the Period: RM0.44 million
- Earnings Per Share (EPS): 0.88 sen
For the current quarter, revenue surged by approximately 41.7% to RM133.1 million from RM93.9 million in the corresponding quarter of the previous financial year. This growth translated into a higher Profit Before Tax (PBT) of RM3.5 million, up 27.7% from RM2.7 million. The net profit for the period also saw a modest increase to RM0.48 million from RM0.44 million.
However, the Earnings Per Share (EPS) for the quarter recorded a significant decline to 0.20 sen from 0.88 sen. This disparity arises because the profit attributable to owners of the company decreased from RM5.76 million in the previous corresponding quarter to RM1.35 million in the current quarter, primarily due to changes in non-controlling interests and other comprehensive income components.
Cumulative 9-Month Performance: A Deeper Dive
When looking at the cumulative nine-month period ended 31 March 2025, the revenue trend remains positive, but the profitability figures tell a different story compared to the previous year.
| Metric (RM million) | 9-Month Ended 31 March 2025 | 9-Month Ended 31 March 2024 | Change (%) |
|---|---|---|---|
| Revenue | 369.0 | 270.4 | +36.5% |
| Profit Before Tax (PBT) | 12.3 | 85.4 | -85.6% |
| Net Profit for the Period | 1.6
|
