KUALA LUMPUR, June 27 – UEM Edgenta Berhad, the leading Asset Management and Infrastructure Solutions company, has kicked off the first quarter of FY2023 with impressive financial results, showcasing double-digit year-on-year revenue and net profit growth. The robust performance reflects the company’s resilience and successful efforts in replenishing its orderbook. During Q1 FY2023, UEM Edgenta achieved a significant 17.2% increase in revenue, reaching RM631.8 million compared to RM539.2 million in the corresponding quarter of the previous year.
The company also recorded a notable 15.9% growth in profit after tax and non-controlling interest, totaling RM10.9 million. The quarter witnessed substantial orderbook replenishment, with new contracts secured amounting to RM651 million, representing 50% of the total contract wins achieved in FY2022. The company’s international expansion strategy proved fruitful, as international markets accounted for approximately 50% of the new contracts.
UEM Edgenta’s Healthcare Support division played a pivotal role in securing new commercial and Integrated Facilities Management contracts, contributing 55% to the overall contract wins. Both local and international markets contributed equally to the orderbook replenishment, with impressive renewal success rates of 96% in healthcare support services in Singapore and Taiwan. This showcases UEM Edgenta’s commitment to delivering high-quality services and gaining the trust of international clients.
On the domestic front, UEM Edgenta strengthened its presence in the private healthcare sector and expanded its services to new clients while renewing contracts with existing clients. The company’s investments in sustainability and technology also gained traction through Energy Performance Contracting and the utilization of its tech-driven solution, Edgenta NXT, in securing Integrated Facilities Management contracts nationwide.
Syahrunizam Samsudin, the Managing Director/Chief Executive Officer of UEM Edgenta, expressed satisfaction with the strong start to 2023 and highlighted the company’s low gross gearing ratio and robust net cash position. He emphasized the company’s agility, innovation, and exploration of new business opportunities to maintain growth momentum. UEM Edgenta aims to expand its technology solutions, collaborate with partners in smart city solutions and sustainability services, and venture into promising markets in the Middle East.
Samsudin also emphasized the industry’s paradigm shift towards asset preservation and operational optimization, driving the need for technology-based solutions. UEM Edgenta is delivering on this demand through its interoperable digital asset management platform, Asseto, under the Edgenta NXT umbrella. Asseto integrates automation, sensors, robots, and data aggregation to enable data-driven decision-making, optimizing energy utilization, waste management, and user experience for enhanced efficiency and returns.
UEM Edgenta’s strong financial performance and strategic initiatives position the company for continued growth and reinforce its commitment to delivering innovative solutions in the evolving Asset and Facilities Management industry.
