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 second quarter ended 31 January 2026 (“Q2 FY2026”), with performance reflecting the timing of project lifecycles and revenue recognition across its M&E segment.
For Q2 FY2026, the Company recorded revenue of RM42.78 million, compared with RM100.02 million in the corresponding quarter last year. Profit before tax (“PBT”) stood at RM1.93 million versus RM5.49 million a year earlier, while profit after tax (“PAT”) amounted to RM1.36 million as compared to RM3.88 million in Q2 FY2025.
The softer quarterly performance was mainly attributable to the current quarter reflecting the initial mobilisation and commencement phases of new contracts, whereas the preceding year’s corresponding quarter benefited from peak completion and handover stages of major projects, which supported stronger revenue recognition.
Despite the lower revenue base, ES Sunlogy delivered an improved gross profit margin of 14.5% in Q2 FY2026, up from 9.4% in Q2 FY2025. This reflects the Company’s continued focus on execution discipline, project mix optimisation and cost management amid the reset of work fronts to earlier-stage milestones.
Additionally, the Company’s order book stood at approximately RM200 million as of to-date, while its tender book amounted to RM1.82 billion for the period from 1 April 2025 to 28 February 2026, providing strong visibility and underpinning its growth prospects moving forward.
For the six-month period ended 31 January 2026 (“1H FY2026”), the Company posted revenue of RM106.98 million, compared with RM163.57 million in the preceding year’s corresponding period.
PBT for the cumulative period stood at RM6.30 million versus RM10.28 million previously, while PAT came in at RM4.65 million, compared with RM7.53 million a year ago. Profit attributable to owners of the Company amounted to RM4.61 million, translating into basic earnings per share of 0.66 sen.
The decline in cumulative revenue was primarily due to lower contributions from the M&E segment, which recorded RM98.82 million compared with RM138.48 million in the corresponding period last year, in line with project lifecycle dynamics.
Meanwhile, revenue from the Company’s generation and sale of renewable energy business rose to RM4.30 million from RM3.85 million, providing steady recurring income and reinforcing the resilience of the Company’s business model. The trading segment contributed RM3.86 million for the period, lower than RM21.24 million previously, as the prior corresponding period included one-off transactions involving the sale of goods to subcontractors for selected projects.
On a quarter-on-quarter basis, revenue declined by 33.4% from RM64.20 million in Q1 FY2026 to RM42.78 million in Q2 FY2026, while PAT eased from RM3.29 million to RM1.36 million. Nevertheless, gross profit margin improved further from 11.8% in the preceding quarter to 14.5% in Q2 FY2026, reflecting continued margin discipline.
Managing Director of ES Sunlogy, Mr. Khor Chuan Meng, commented,
“Our second quarter performance reflects the natural progression of project lifecycles, with several contracts currently in the early mobilisation and implementation stages.
While this has affected the pace of revenue recognition in the near term, we are encouraged by the improvement in gross profit margin, which underscores our operational discipline and ability to manage project execution efficiently. At the same time, our renewable energy segment continues to deliver steady recurring contributions, providing an additional layer of earnings stability.
Looking ahead, we remain focused on strengthening execution across our ongoing projects, pursuing cost optimisation and sustaining close engagement with clients and partners. Together with our expanding regional presence following the establishment of our Singapore subsidiary, as well as a promising tender pipeline under evaluation, we believe the Group remains well-positioned to capture opportunities in both the M&E engineering and renewable energy spaces.”
Moving forward, ES Sunlogy remains committed to delivering sustainable value through disciplined project execution, prudent capital management and continuous enhancement of its governance and reporting frameworks as it advances its growth plans in Malaysia and the region.
For more information, visit www.essunlogy.com.
