Hello, fellow investors and market watchers! Today, we’re diving into the latest financial performance of Uzma Berhad, a key player in Malaysia’s energy sector. The company has just released its Fourth Quarter and Full Year results for the period ended 30 June 2025, and there’s plenty to unpack. From solid revenue growth to impressive profit gains, Uzma appears to be navigating the dynamic energy landscape with strategic agility. This quarter saw a remarkable surge in profit before taxation, nearly doubling from the corresponding period last year, while the full year’s performance also delivered a healthy increase. Furthermore, the declaration of a dividend underscores Uzma’s commitment to delivering shareholder value. Get ready as we break down Uzma’s journey, exploring what drove its performance and what lies ahead for this Malaysian homegrown champion.
Q4 FY2025: A Quarter of Significant Profit Growth
Uzma Berhad concluded its financial year with a strong fourth quarter. The Group reported a noticeable increase in revenue, complemented by an impressive surge in profitability, primarily fueled by contributions from its burgeoning New Energy segment.
Key Financial Highlights for Q4 FY2025 (3 Months Ended 30 June 2025 vs 30 June 2024)
Revenue
RM212,884K
Corresponding Quarter 2024
RM204,540K
This represents a 4.1% increase, driven mainly by the significant contribution from the New Energy segment, particularly in large-scale solar electricity generation and EPCC (Engineering, Procurement, Construction, and Commissioning) works. This growth occurred despite lower revenue from the Oil & Gas and Trading segments during the quarter.
Profit Before Taxation (PBT)
RM34,663K
Corresponding Quarter 2024
RM19,981K
A substantial 73.5% jump in PBT was recorded, attributed to higher gross profit margins, unrealized foreign exchange gains, reduced depreciation and amortization expenses, and a decrease in Employee Share Scheme (ESS) provisions.
Profit After Taxation Attributable to Owners
RM19,875K
Corresponding Quarter 2024
RM15,565K
This translates to a healthy 27.7% increase, directly impacting shareholder returns.
Basic Earnings Per Share (EPS)
4.57 sen
Corresponding Quarter 2024
2.24 sen
Basic EPS saw a remarkable 104.0% increase, reflecting enhanced profitability per share.
Full Year FY2025 Performance: Broad-Based Growth
For the entire financial year ended 30 June 2025, Uzma Berhad delivered solid growth across its key financial indicators, indicating a successful strategic execution over the period.
Key Financial Highlights for FY2025 (12 Months Ended 30 June 2025 vs 30 June 2024)
Revenue
RM725,061K
Preceding Year 2024
RM600,348K
The Group’s revenue expanded by 20.8%, with growth seen across all business segments, particularly in Trading and New Energy.
Profit Before Taxation (PBT)
RM77,043K
Preceding Year 2024
RM61,124K
PBT increased by a robust 26.0%, mainly due to improved gross profit margins, despite higher administrative and operating expenses.
Profit After Taxation Attributable to Owners
RM53,538K
Preceding Year 2024
RM50,081K
Shareholders saw a 6.9% rise in profit attributable to them.
Basic Earnings Per Share (EPS)
12.21 sen
Preceding Year 2024
11.15 sen
Full-year Basic EPS showed a 9.5% improvement.
Segmental Performance: New Energy Powers Ahead
A deeper look into Uzma’s business units reveals distinct performance trends, with the New Energy segment emerging as a key growth driver.
Q4 FY2025 Segmental Overview (3 Months Ended 30 June 2025 vs 30 June 2024)
| Segment | Revenue (RM’000) Q4 FY2025 | Revenue (RM’000) Q4 FY2024 | Revenue Change (%) | Operating Profit (RM’000) Q4 FY2025 | Operating Profit (RM’000) Q4 FY2024 | Operating Profit Change (%) |
|---|---|---|---|---|---|---|
| Upstream O&G Services | 127,055 | 171,038 | (25.7) | 21,072 | 26,005 | (19.0) |
| Trading | 31,058 | 29,301 | 6.0 | 8,407 | 220 | 3,721.4 |
| New Energy | 54,460 | 4,137 | 1,216.4 | 12,114 | 490 | 2,372.2 |
| Digitalisation & Technology | 311 | 64 | 100.0 | 74 | (398) | (118.6) |
The New Energy segment’s exceptional growth, with revenue soaring by over 1,200% and operating profit by over 2,300%, clearly highlights its increasing importance. While Upstream O&G Services faced a softer quarter, the Trading and Digitalisation & Technology segments showed positive momentum.
Full Year FY2025 Segmental Overview (12 Months Ended 30 June 2025 vs 30 June 2024)
| Segment | Revenue (RM’000) FY2025 | Revenue (RM’000) FY2024 | Revenue Change (%) | Operating Profit (RM’000) FY2025 | Operating Profit (RM’000) FY2024 | Operating Profit Change (%) |
|---|---|---|---|---|---|---|
| Upstream O&G Services | 505,025 | 494,734 | 2.1 | 83,937 | 80,478 | 4.3 |
| Trading | 135,422 | 95,686 | 41.5 | 8,777 | 1,311 | 569.5 |
| New Energy | 82,916 | 9,251 | 796.3 | 10,862 | (54) | 20,214.8 |
| Digitalisation & Technology | 1,698 | 677 | 150.8 | 199 | (178) | (211.8) |
For the full year, the New Energy segment’s revenue spiked by nearly 800% and significantly turned its operating profit from a loss to a substantial gain. The Trading segment also delivered impressive growth in both revenue and operating profit, while Upstream O&G Services maintained a steady positive trajectory. Digitalisation & Technology showed strong revenue growth and returned to profitability.
Geographical Performance
Malaysia remains the powerhouse for Uzma, contributing the vast majority of its revenue and operating profit. For the financial year, Malaysian revenue increased by 24.5% and operating profit by 37.4%. While revenue from outside Malaysia saw a slight decline, the segment’s operating profit improved significantly in the fourth quarter.
Dividends: Rewarding Shareholders
In line with its commitment to shareholder returns, Uzma’s Board of Directors declared a first and final dividend of RM0.02 per ordinary share for the financial year ended 30 June 2024. This dividend, accompanied by a reinvestment plan, reflects the Group’s consistent effort to deliver value to its shareholders.
Risks and Prospects: Navigating a Dynamic Energy Future
Uzma Berhad’s outlook is shaped by global energy trends and strategic initiatives aimed at capitalizing on both traditional and emerging opportunities.
Upstream O&G Services Segment
While Brent crude prices hover in the mid-US$67 per barrel range, signaling a dynamic but resilient oil market, the segment faces headwinds from weaker demand in key economies. However, this environment underscores the critical importance of cost leadership and operational efficiency, areas where Malaysian OGSE (Oil & Gas Services and Equipment) players, including Uzma, can thrive.
PETRONAS’s ambitious target of 2 million barrels of oil equivalent per day (boe/d) by 2027, backed by significant new well developments and upstream projects, promises sustained opportunities for the local OGSE ecosystem. Uzma is well-positioned to benefit from this, evidenced by its robust order book with notable contract wins:
- A five-year panel contract with PETRONAS (2024–2029) for integrated well continuity services.
- A three-year non-rig assisted electric wireline logging contract with ExxonMobil (2024–2027).
- A two-year marine seismic vessel contract awarded by PETRONAS Carigali.
- A hydraulic workover unit contract with Enquest.
These contracts not only ensure long-term recurring work but also demonstrate Uzma’s diversified capabilities across the upstream value chain, aligning with industry priorities of maximizing recovery, lowering cost per barrel, and decarbonizing operations.
Uzma’s strategy for this segment is supported by three pillars: strong visibility of demand from drilling and project pipelines, integrated service offerings for efficiency gains, and a positive industry outlook anchored by stable domestic production targets and a supportive regulatory framework.
Trading Segment: Supplying LNG and Natural Gas
Demand for natural gas remains strong across Malaysia and the region, driven by industrial users, power generation, and emerging off-grid applications. Uzma’s Trading arm is actively expanding its footprint by supplying LNG and pipeline gas to various customers and venturing into Virtual Pipeline Solutions (VPS) to reach remote off-grid consumers. This innovation offers a cleaner and more cost-efficient alternative to diesel, aligning with Malaysia’s energy transition goals. Opportunities also arise from LNG bunkering and transport fuel, with ports developing infrastructure for decarbonizing shipping. Uzma’s flexible delivery models and integrated technical expertise position it as a key player in ensuring energy security.
New Energy Segment: A Cornerstone for Future Earnings
Malaysia’s policy environment, including NETR Phase 2, Bursa Malaysia’s sustainability roadmap, and the Corporate Green Power Programme with Enhanced Storage Solutions (CRESS), provides significant tailwinds for renewable energy growth. Uzma’s strategic priorities for its New Energy segment are clear and focused:
- Scale Utility Portfolio: Pursue bids in upcoming LSS (Large Scale Solar) and CRESS tranches, aiming to double owned solar capacity through greenfield and brownfield acquisitions.
- Integrate BESS & Flexibility Services: Advance R&D in Battery Energy Storage Systems (BESS) into commercial deployments for dispatchable solar offerings.
- Deepen EPC Value Chain: Expand vertically into balance-of-system procurement, digitize construction monitoring, and standardize plant designs to reduce costs and shorten project cycles.
- Unlock Corporate Offtake: Secure long-tenor Power Purchase Agreements (PPAs) under CRESS using its “solar + storage as a service” model.
- Enhance Asset Performance: Deploy AI-driven predictive maintenance and drone-based thermography to achieve high plant availability.
Uzma remains cautiously optimistic that the New Energy segment will sustain revenue growth and expand its earnings contribution in FY2026, aiming to position renewable energy as a cornerstone of the Group’s earnings and align with Malaysia’s decarbonization roadmap.
Together, these three pillars – Upstream Services, New Energy, and Trading – are positioning Uzma as a truly integrated energy and solutions provider, building a balanced portfolio for relevance today, resilience tomorrow, and leadership well into the future.
Summary and Investment Recommendations
Uzma Berhad’s latest quarterly and full-year report paints a picture of a company actively adapting and growing amidst an evolving energy landscape. The robust performance in FY2025, driven by a surge in the New Energy segment and strategic wins in Upstream O&G, showcases Uzma’s commitment to diversified growth. While the overall energy market presents its share of volatility, Uzma’s proactive measures in securing long-term contracts and expanding its renewable energy footprint are commendable. The dividend declaration further underscores its dedication to shareholder returns.
Key highlights from this report include:
- Significant revenue and profit before tax growth for both the fourth quarter and the full financial year.
- Explosive growth in the New Energy segment, positioning it as a future earnings cornerstone.
- Strategic contract acquisitions in the Upstream O&G Services, ensuring a stable foundation.
- Consistent commitment to shareholder returns through a declared dividend.
Uzma is not just riding the waves of the current energy market; it’s actively shaping its future through innovation and strategic positioning across its Upstream Services, New Energy, and Trading segments. This integrated approach is crucial for building resilience and relevance in the long run.
From a senior blogger’s perspective, Uzma’s strategy of diversifying its revenue streams while fortifying its core O&G business appears sound, especially in a world increasingly focused on energy transition. The impressive growth in New Energy is a clear indicator of successful strategic execution. However, the inherent cyclicality of the oil and gas industry and the capital-intensive nature of new energy projects will always require close monitoring. The ability to manage these large-scale projects efficiently and to continue innovating will be paramount.
What are your thoughts on Uzma’s strategic direction? Do you believe their integrated energy and solutions provider model will continue to deliver sustained growth in the coming years? Share your insights in the comments below! And for more deep dives into Malaysian companies navigating the energy transition, be sure to check out our other analyses on related topics.
