ES Sunlogy Berhad (“ES Sunlogy” or the “Company”), an established provider of mechanical and electrical (“M&E”) engineering services as well as generation and sale of renewable energy, today announced its unaudited financial results for the third quarter ended 30 April 2026 (“Q3 FY2026”), delivering stronger quarter-on-quarter performance supported by higher progress billings from ongoing projects.
For Q3 FY2026, ES Sunlogy recorded revenue of RM58.0 million, representing an increase of 35.6% compared with RM42.8 million in the immediate preceding quarter ended 31 January 2026 (“Q2 FY2026”). The improvement was primarily driven by higher progress billings from ongoing M&E engineering projects.
Gross profit rose by 18.1% to RM7.3 million in Q3 FY2026 from RM6.2 million in Q2 FY2026, in line with the higher revenue recognised during the quarter. Profit before tax (“PBT”) increased significantly by 78.6% to RM3.4 million from RM1.9 million in the preceding quarter, while profit after tax (“PAT”) rose by 76.0% to RM2.4 million compared with RM1.4 million in Q2 FY2026.
On a year-on-year basis, revenue declined from RM75.6 million in Q3 FY2025 to RM58.0 million in Q3 FY2026, mainly due to differences in project stages, as several projects were at more advanced phases in the corresponding quarter last year, resulting in higher revenue recognition. Despite the lower revenue, gross profit increased by 5.0% to RM7.3 million, with gross profit margin improving significantly to 12.7% from 9.3% previously, reflecting a more favourable project mix and better project margins.
For the nine-month period ended 30 April 2026 (“9M FY2026”), ES Sunlogy recorded revenue of RM165.0 million, compared with RM239.2 million in the corresponding period last year. PBT stood at RM9.7 million while PAT amounted to RM7.0 million. Profit attributable to owners of the Company was RM7.0 million, translating into basic earnings per share of 1.01 sen.
The Group’s M&E engineering services segment remained the key contributor, generating RM53.4 million or 92.0% of total revenue in Q3 FY2026. Meanwhile, the trading segment contributed RM2.1 million and the generation and sale of renewable energy segment contributed RM2.5 million.
Managing Director of ES Sunlogy, Mr. Khor Chuan Meng, commented,
“We are encouraged by the stronger quarter-on-quarter performance achieved in Q3 FY2026, which reflects the continued progress of our ongoing projects and our ability to execute efficiently. More importantly, our improved profitability demonstrates the benefits of disciplined project management, prudent cost control and a favourable project mix.
Beyond our current projects, we continue to strengthen our growth platform through active participation in both the M&E engineering and renewable energy sectors. The recent completion of the Selarong Pertama Energy solar photovoltaic plant, our expanding renewable energy portfolio and growing regional presence position us well to capture opportunities arising from infrastructure development and Malaysia’s ongoing energy transition.”
As at 30 April 2026, ES Sunlogy’s financial position remained healthy with total equity of RM119.8 million and net assets per ordinary share attributable to owners of the Company of RM0.17. During the quarter, Bursa Malaysia Securities Berhad also approved the Company’s proposed private placement of up to 70 million new ordinary shares, providing additional flexibility to support future growth initiatives.
Moving forward, ES Sunlogy remains optimistic on its prospects, supported by its established track record, technical expertise, growing renewable energy presence and continued focus on operational excellence. The Group will continue to pursue quality project opportunities, strengthen execution capabilities and deliver sustainable value to its stakeholders across both the M&E engineering and renewable energy segments.
For more information, visit www.essunlogy.com.
