AME Elite posts record net profit of RM284 million

AME Elite Consortium Berhad has achieved a record net profit of RM284 million for the fiscal year ending March 31, 2026, marking a significant 208.4% surge from RM92.1 million in the prior year. This exceptional financial performance was primarily fueled by robust demand for industrial properties and strategic land sales. The company's results were further bolstered by a net fair value gain of RM65.9 million, stemming from an increased valuation of its investment property portfolio.

Dylan Tan Teck Eng, Executive Director and Group Chief Executive Officer of AME Elite, stated that the company aims to sustain this growth momentum into the 2027 fiscal year. Growth is expected to be driven by industrial park projects in Johor, the progressive development of Northern TechValley @ BKE in Penang, and the i-Park @ Coalfields project in Selangor, which has a gross development value (GDV) of RM1.3 billion. Additionally, the construction and engineering division contributes positively with a healthy external contract order book of RM557.5 million.

In recognition of its stellar performance, AME Elite announced a second interim dividend of 4.0 sen and a special dividend of 3.0 sen per share. This brings the total dividend for the 2026 fiscal year to 13.0 sen per share. The company's revenue for the full fiscal year 2026 also saw substantial growth, increasing by 59.4% to RM970.0 million, compared to RM608.6 million in the same period last year.

The property development segment was the main contributor, with revenue rising 162.8% to RM631.6 million, driven by accelerated development work and land sales for data centers. The property investment and management division also recorded a 10.0% increase in recurring income to RM80.7 million, supported by new industrial leasing and stable rental income from worker dormitories. AME Elite has expanded its worker dormitory capacity at i-TechValley to over 9,000 beds to ensure a sustainable and stable recurring income base for the long term.

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Our growth will be driven by industrial park projects in Johor, the progressive development of Northern TechValley @ BKE in Penang, and the i-Park @ Coalfields project in Selangor which has a gross development value (GDV) of RM1.3 billion. In addition, our construction and engineering division also strengthens the company's prospects with a healthy external contract order book totaling RM557.5 million, while continuing to support the domestic development of our own industrial parks.