Ahmad Zaki swings to RM49.7m pre-tax loss in 18-month FPE 2025

PETALING JAYA (May 1): Ahmad Zaki Resources Bhd (AZRB) posted a loss before tax (LBT) of RM49.7 million for the 18-month financial period ended Dec 31, 2025 (Financial Period Ended 2025), reversing from a profit before tax of RM132.4 million in Financial Year Ended 2024, as the absence of a one-off plantation disposal gain and RM111.1 million in finance costs — largely tied to its East Klang Valley Expressway (EKVE) concession — weighed on earnings.

According to its Bursa announcement, loss per share stood at 11.21 sen versus earnings of 14.12 sen previously, with shareholders' funds declining to RM121.9 million from RM199.5 million. 

Auditors flagged a material going-concern uncertainty, with current liabilities exceeding current assets by RM890.3 million.

Group revenue climbed to RM1.046 billion from RM495.5 million, boosted by the extended reporting cycle and stronger Engineering and Construction (EC) activity. 

The EC order book stood at RM1.1 billion, bolstered by a RM430 million JKR contract secured in February this year.

The operational highlight was the opening of EKVE Section 1 — Sungai Long to Ampang — on Aug 30, 2025, with toll collection commencing October 25, 2025. Section 2 is targeted for completion by end-2026.

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