AME Elite posts record full-year profit of RM284m, declares seven sen dividend

KUALA LUMPUR (May 23): AME Elite Consortium Bhd (KL:AME) posted a net profit of RM283.97 million for the financial year ended March 31, 2026 (FY2026), its highest since the construction and property group's listing on Bursa Malaysia in 2019.

“The record performance was primarily driven by robust industrial property demand and strategic land sale, further boosted by RM65.9 million in fair value gains net of tax and non-controlling interest,” the group said in a statement on Friday.

The net profit is more than three times the RM92.09 million reported for FY2025. Revenue grew 59.39% to RM970 million from RM608.57 million.

AME Elite declared a second interim dividend of four sen per share and a special dividend of three sen per share. The ex-date is set for June 18 with payment scheduled for July 3.

This brings the total dividend for FY2026 to 13 sen per share, more than double the six sen paid in FY2025.

AME Elite said it recorded strong demand across its industrial park portfolio in FY2026, locking in RM453.6 million in new sales from its flagship Johor developments, particularly i-TechValley at SILC.

Additionally, the group’s Northern TechValley @ BKE (NTV) development in Penang recorded RM137.3 million in new sales in its first full year since its launch.

The group said its property development segment's revenue grew 162.8% to RM631.6 million from RM240.4 million in FY2025, driven by strong development work progress and land sales to data centres.

The property investment and management division grew its recurring revenue base by 10% to RM80.7 million, supported by new industrial leases and stable rental income from its workers’ dormitories.

Concurrently, revenue from the construction and engineering services segments (excluding internal projects) amounted to RM257.6 million, a 12.6% decline from RM294.8 million in FY2025, in line with stages of work of ongoing projects.

AME Elite's stellar full-year performance came after its fourth quarter net profit more than doubled to RM81.13 million from RM36.54 million a year earlier, while revenue climbed 61.6% to RM186.84 million from RM115.64 million.

The quarterly performance was driven by operational growth across all business segments, alongside fair value gains on investment properties.

Looking ahead, executive director and group CEO Dylan Tan Teck Eng said the group remains focused on sustaining growth momentum, driven by Johor industrial parks, progressive development of Northern TechValley @ BKE, and the upcoming i-Park @ Coalfields in Selangor with a gross development value of RM1.3 billion.

“Our construction and engineering division further strengthens our growth prospects, backed by a healthy external construction order book of RM557.5 million, while continuing to support our internal industrial park developments.

“Furthermore, our newly completed workers’ dormitory in i-TechValley expands our portfolio to over 9,000 beds, providing a stable and recurring income base,” Tan added.

AME Elite’s share price ended unchanged at RM1.51 on Friday, giving the group a market capitalisation of RM967 million.

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