PETALING JAYA: Citaglobal Bhd
’s improved earnings for the three months ended March 31, 2026 was mainly driven by the energy segment, where some of the groundwork it has been putting in is starting to contribute.
Its executive director and group chief operating Aimi Aizal Nasharuddin said the RM7.9mil pre-tax profit the company posted is “encouraging”, especially after the preceding quarter’s loss.
“However, we see it as progress, rather than a conclusion.
“At the group level, the priority is to sustain that momentum. Our order book stood at RM1.4bil, which provides visibility, but it still needs to be executed well before it translates into earnings and cashflow,” Aimi Aizal told StarBiz.
For the three months ended March 31, 2026, Citaglobal posted a net profit of RM5.59mil or earnings per share of 1.16 sen. Pre-tax profit came in at RM7.9mil, while revenue was RM66.97mil for the quarter.
Citaglobal had changed its financial year-end from Dec 31 to June 30. As such, there is no comparative financial information available for the preceding year’s corresponding period.
In a filing with Bursa Malaysia, the group said its energy, civil engineering and construction (CEC), manufacturing and other segments recorded revenues of RM27.8mil, RM25.3mil, RM8.8mil and RM5.1mil, respectively.
The energy segment posted a strong pre-tax profit of RM18.1mil, which was offset by pre-tax losses from the CEC, property, manufacturing and other segments.
Citaglobal declared an interim single-tier dividend of one sen per ordinary share in respect of the financial period ending June 30, 2026.
The entitlement date and payment date for the interim dividend will be determined and announced at a later date.
Aimi Aizal said the interim dividend declared was “a measured way of sharing that progress with shareholders, while keeping capital available for growth”.
“In the renewable energy space, including Large Scale Solar Five-related opportunities, we will remain selective and focus on projects with strong economics and disciplined execution.
“As we are still in the building phase, the focus is not on making big claims, but on strengthening the business foundation and improving consistency over time.”
A consortium comprising Citaglobal and Masdar of Abu Dhabi won the bid for the development of a 200-megawatt floating solar photovoltaic plant at the Chereh Dam in Kuantan.
Citaglobal said it will continue to maximise opportunities to improve contributions from its energy and property segments, alongside selective project tenders to strengthen the group’s financial performance.
As at March 31, 2026, Citaglobal had a total outstanding order book of RM1.4bil, while the property segment had an estimated remaining gross development value of RM449mil.
