KUCHING: Aizo Group Bhd has reported weak financials, with group net loss of RM8.34 million in the April-June 2025 quarter on revenue of RM37 million.
There were no comparison figures with preceding year corresponding period as the company has changed its financial year.
The company recorded loss per share of 0.42sen.
In the current quarter under review, AIZO group derived the bulk of its revenue or about RM26.1 million from civil engineering segment, RM8.87 million from bituminous products segment and RM2.07 million from energy segment.
The civil engineering segment incurred operating loss of RM2.89 million, the services segment in the red with loss of RM1.29 million (zero revenue) and the other segments recorded loss of RM2.92 million (revenue of RM458,000).
The profitable segment are bituminous products with operating profit of RM575,000 and energy segment, RM151,000.
The current quarter’s group revenue increased by RM4.88 million to RM37 million from RM32.2 million recorded in the immediate preceding quarter.
The civil engineering segment saw its revenue jumped by RM4.21 million (+19%) to RM26.1 million from RM21.86 million, with the growth mainly driven by increase in production volume for Selinsing gold mine project, AIZO said in explanatory notes to its financial results.
The bituminous products segment also reported higher revenue by RM449,000 (+5%) to RM8.87 million from RM8.42 million as a result of higher demand for emulsion products while the energy segment saw its turnover rose by RM221,000 (+12%) to RM2.07 million from RM1.85 million due to improved plant availability.
The group’s pre-tax loss widened to RM7.69 million because of an impairment exercise in the current quarter. Notwithstanding this, the group recorded a positive adjusted EDITA (earnings before interest, taxes, depreciation and amortisation) of RM3.56 million for the current quarter.
On prospects, AIZO said the group would continue to remain vigilant in managing capital expenditure and strategic ventures.
“Focus will remain on improving operational efficiency in civil works, bituminous product manufacturing and renewable energy,” added the company.
Updating its corporate development, AIZO said Wawasan Demi Sdn Bhd (WDSB) (a 63%- owned subsidiary of Coral Eneregy Sdn Bhd, which in turn is a whollyowned subsidiary of AIZO) had on April 28, 2025 perfected the power purchase agreement with Tenaga Nasional Bhd (TNB) for the generation and sale of solar photovoltaic energy to TNB’s grid system.
WDSB had in January this year accepted the letter of notification from the Energy Commission for the development of a largescale solar photovoltaic plant in Kampar, Perak with an export capacity of 99.99 MW.
AQIZO said there has been no further development on a memorandum of understanding (MoU) the company signed with NetRunner Sdn Bhd last October to form a joint collaboration for the establishment of a Tier 4 data centre hub in Sarawak to meet the increasing demand for secure and reliable data storage and processing facilities.
On May 23, 2025, AIZO issued nearly 23.1 million new ordinary shares at a discounted price of RM0.0813 each for about RM1.88 million via a private placement exercise.
The proceeds will be used for the group’s working capital.
During the current quarter, AIZO had provided aggregate amount of RM45.96 million at group level in financial assistance to facilitate the ordinary course of business.
The amount comprises of corporate guarantee (RM42.59 million) and bank guarantee (RM3.367 million).
