Intelligence Node · AI-09
Daily AI Briefing
FY2024 closed at RM 560M revenue and RM 54M PBT — a sharp turnaround from the FY2020 RM 15M loss — but USD equipment payables on the LSS4 solar EPCC are creating fresh FX exposure.
Group revenue grew from RM 461M in FY2023 to RM 560M in FY2024 (+21.5%), with PBT up 27.7% to RM 54.4M. Segment mix has shifted decisively — Energy is now RM 94M (+38% YoY) on the back of LSS4 solar EPCC mobilisation, while CEC remains the anchor at RM 312M. Net gearing held at 0.42x within covenant.
The LSS4 50MW solar EPCC and the hydrogen pilot bring imported equipment payables of ~USD 38M over the next 9 months — only 35% hedged. Lifting hedge ratio to 60% costs ~RM 380k in forward points and caps a potential RM 9–11M FX hit if MYR weakens past 4.85.
Sources · Internal ERP + Bloomberg + AI scrape