AME Elite posts 45% jump in 3Q net profit


KUALA LUMPUR: AME Elite Consortium Bhd posted a 45% jump in net profit to RM26.7mil for the third quarter ended Dec 31, 2025, from RM18.4mil a year earlier.

The integrated industrial space solutions provider said earnings were driven by stronger contributions from its property development segment, supported by higher work progress and income recognition at its flagship i-TechValley in Johor.

Profit was further lifted by RM15.7mil in fair value gains on investment properties, mainly from the sale of two industrial assets to AME Real Estate Investment Trust.

Quarterly revenue eased to RM144.7mil from RM163.4mil a year earlier, while earnings per share rose to 4.18 sen from 2.88 sen previously.

For the nine months ended Dec 31, 2025 (9M26), net profit surged over threefold to RM202.8mil from RM55.5mil, as revenue climbed 58.9% to RM783.1mil from RM492.9mil a year ago.

The group exceeded its FY26 sales target of RM400mil, recording RM415.7mil in new sales for the nine months ended Dec 31, 2025, supporting earnings visibility for the next financial year.

Executive director and group chief executive officer Dylan Tan Teck Eng said the group is encouraged by its financial and sales performance in 9M26, particularly the sustained demand for its industrial property development segment.

He said surpassing its full-year sales target ahead of schedule, together with accelerating progress at Northern TechValley @ BKE and the recently secured RM214.1mil construction contract for an aviation facility at KLIA Aeropolis, underscores solid earnings visibility heading into the next financial year.

“Amid high market demand and growth in key industrialised states, our focus remains on expanding our industrial park portfolio in a disciplined manner, while selectively evaluating strategic landbank opportunities.

“Looking ahead, we expect continued strong contribution from existing projects, along with the upcoming industrial park launch in Selangor, supported by robust FDI inflows and our proven expertise in integrated industrial space solutions,” Tan said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

World's top condom maker Karex to raise prices sharply as Iran war strains supply chain
Malaysia remains resilient, thanks to focus on fiscal discipline, economic reform
FBM KLCI extends gains as investors eye US-Iran peace talks
YTL AI Labs launches ILMU Claw to help users build AI agents
Ringgit outlook firm, set to retest 3.88 level amid strong inflows
Asia stocks advance on Iran peace talks hopes, AI-driven flows
War in Iran is causing biggest energy crisis in history, IEA says
Matrade: RM5bil guarantee initiative to help sustain MSMEs export momentum
Gold falls as investors await clarity on US-Iran talks, dollar edges up
Oil falls on expectations US-Iran talks likely to proceed, opening supply

Others Also Read