PETALING JAYA: Integrated renewable energy (RE) and environmental solutions provider Cypark Resources Bhd
has returned to the black with an RM5.7mil net profit for the first quarter ended July 31, 2026 (1Q27) on revenue of RM180mil.
The company had booked a loss of RM18.6mil on revenue of RM41.6mil in 1Q26. The company said in a media release that the turnaround was driven by the underlying operations, reflecting the progress made in strengthening its existing businesses and developing new sources of earnings.
It noted that the latest financial results delivered a strong start to the financial year ending April 30, 2027 (FY27), as gross profit improved to RM29.2mil in 1Q27 from a gross loss of RM300,000 in 1Q26.
“Notably, revenue generated in 1Q27 alone exceeded the RM179.2mil recorded for the entire FY26, underscoring the significant step-up in Cypark’s operating scale,” it said, adding that the improvement was equally strong sequentially. Revenue increased nearly fourfold quarter-on-quarter, from RM48.1mil in 4Q26 to RM180mil in 1Q27.
It said the turnaround was supported by growth across the company’s businesses. RE external revenue increased 4.9% year-on-year to RM29.8mil, while circular waste and waste-to-energy (WtE) revenue grew 36.2% to RM17.7mil, supported by higher electricity generation and waste volume, and the full quarter impact of revised tipping fees.
At the same time, sustainable engineering and infrastructure has emerged as a major new earnings engine, generating RM132.5mil in revenue and RM21.9mil in earnings before interest, tax, depreciation and amortisation as project execution gathered momentum.
“The combination of recurring RE and WtE businesses with a scalable engineering and infrastructure platform is creating a stronger and increasingly diversified earnings base for Cypark,” it said.
It said the strong start to FY27 marks an important new chapter as the company moves from strengthening its foundations to execution, earnings delivery and growth with an orderbook of RM2.4bil and an active tenderbook of RM2.2bil.
It enters the next phase with a strong platform to build on the momentum achieved in 1Q27 and sees expanding opportunities across RE, energy storage, sustainable infrastructure and waste management.
