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- Quarterly revenue jumped 140.9% to RM450.98 million from RM187.17 million in 2QFY2025, driven mainly by a 421.4% increase in property development revenue to RM382.88 million.
KUALA LUMPUR (Nov 27): Integrated industrial space solutions provider AME Elite Consortium Bhd (KL:AME) reported a record net profit of RM143.76 million for its second financial quarter ended Sept 30, 2025 (2QFY2026), up a whopping 541.4% from RM22.41 million a year earlier, lifted by the completion of a major land sale to a data centre and steady organic growth in its industrial park developments.
Earnings per share rose to 22.48 sen from 3.51 sen.
Quarterly revenue jumped 140.9% to RM450.98 million from RM187.17 million in 2QFY2025, driven mainly by a 421.4% increase in property development revenue to RM382.88 million.
The segment’s strong showing was supported by the recognition of RM209.8 million from the sale of 11 plots of freehold industrial land in i-TechValley, Johor in August. Excluding the land deal, core property development revenue amounted to RM173 million, underpinned by progress billings at i-TechValley and i-Park @ Senai Airport City.
Revenue from the property investment and management segment also rose 10.3% year-on-year to RM20.3 million in 2QFY2026, reflecting higher recurring income from workers’ dormitories and increased leased industrial units.
AME Elite declared a first special interim dividend of two sen per share and a first interim dividend of four sen per share, totalling six sen. The payout exceeds the three sen interim dividend declared a year earlier. The ex-date is Dec 18, with payment on Jan 9, 2026.
For the first half of FY2026, net profit climbed 374.3% to RM176.15 million from RM37.13 million a year earlier, while revenue grew 93.7% to RM638.44 million from RM329.55 million in 1HFY2025.
AME Elite executive director and group chief executive officer Dylan Tan Teck Eng said the premium realised from the strategic land transaction in i-TechValley validates the quality of its projects and its appeal to global companies.
He said proceeds will support the next phase of expansion, including a new industrial park in Selangor, while also rewarding shareholders.
AME Elite plans to launch its 151.2-acre integrated industrial park in Ijok, Selangor next year. The project is a 60:40 joint venture with KLK Land Sdn Bhd (K:KLK).
The group said it expects to deliver a strong performance for FY2026, backed by ongoing developments and the robust 1HFY2026 contribution from its property development segment.
Shares of AME Elite closed unchanged at RM1.50 on Thursday, valuing the group at RM963.68 million. The stock is down 11.76% year to date.
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