Uzma 9M FY2026 Revenue Surges 79% to RM914.4 Million

Q3 FY2026 revenue surges 149% YoY to RM419.5 million
9M FY2026 revenue climbs 79% to RM914.4 million amid continued operational expansion
Borrowings reduced by RM64.6 million as the Group continues strengthening its balance sheet and capital structure

Kuala Lumpur, 21 May 2026 – Uzma Berhad (“Uzma,” or “Group”) today announced its unaudited financial results for the third quarter ended 31 March 2026 (“Q3 FY2026”), with nine-month revenue surging 79% year-on-year to RM914.4 million, reflecting continued operational expansion across the Group under its Second Five Year Plan (“2nd 5YP”).

The Group recorded revenue of RM419.5 million in Q3 FY2026, representing an increase of 149% or RM250.8 million compared to RM168.7 million in Q3 FY2025. The strong revenue growth was primarily driven by higher upstream oil & gas activities, particularly from seismic acquisition and integrated well services, alongside increasing contribution from the Group’s Energy Trading segment.

Profit Before Tax (“PBT”) for the quarter stood at RM14.3 million. On a quarter-on-quarter basis, revenue increased by 45% or RM129.8 million compared to RM289.7 million in Q2 FY2026, underscoring sustained operational momentum across the Group’s core business segments.

For the nine-month financial period ended 31 March 2026, the Group delivered gross profit of RM201.5 million, up 9% year-on-year, while PBT rose 15% to RM48.5 million. Profit After Tax and Minority Interest (“PATAMI”) improved by 10% to RM37.0 million.

In tandem with operational growth, Uzma continued strengthening its financial position. Total borrowings reduced from RM867.2 million as at 30 June 2025 to RM802.7 million as at 31 March 2026, a reduction of RM64.6 million or 7.4%. Cash and bank balances increased to RM135.6 million, reflecting continued focus on financial discipline, operational resilience and long-term sustainable growth.

Dato’ Kamarul Redzuan Muhamed, Group Chief Executive Officer, Uzma Berhad, said, “The Group’s performance for the first nine months of FY2026 reflects the continued scaling of our core businesses alongside the steady expansion of our newer growth segments. While the operating environment remains dynamic and increasingly complex, we remain focused on disciplined execution, operational resilience and strengthening the Group’s long-term fundamentals.

“As we progress under our 2nd 5YP, our priorities remain centred on strengthening our financial position, optimising our capital structure and building a more diversified and future-ready organisation. We continue to see encouraging momentum across our upstream activities, energy trading initiatives, renewable energy efforts and digital and satellite-based solutions, which collectively support the Group’s long-term growth strategy.”

Upstream O&G Services Segment

The upstream segment remained the primary contributor to the Group’s strong revenue growth during the quarter. Increased seismic acquisition, integrated well services, intervention activities and production optimisation works supported the continued expansion in activity levels.

Regionally, upstream activity in Malaysia continues to be supported by PETRONAS’ commitment to sustaining domestic hydrocarbon production under its Activity Outlook 2026–2028. The Group remains strategically positioned across integrated well services, reservoir-related solutions and specialised asset-based offerings.

During the financial period, the Group secured an integrated well intervention and project management contract from EnQuest Petroleum Production Malaysia Ltd. In addition, the Group secured three contracts from PETRONAS Carigali Sdn. Bhd. for Coiled Tubing Unit (“CTU”) equipment and services through Setegap Ventures Petroleum Sdn. Bhd. (“SVP”).

Subsequent to the quarter, the Group was also awarded a contract by PETRONAS Carigali Sdn. Bhd. for the Provision of Leasing and Operation & Maintenance (“O&M”) of a Portable Water Injection Module (“PWIM”) for the Bayan Redevelopment Phase 3 Project through Uzma Engineering Sdn. Bhd.

Energy Trading Segment

The Energy Trading segment continued strengthening its position across LNG Virtual Pipeline System (“VPS”) and Third-Party Access (“TPA”) pipeline gas supply during the quarter.

During Q3 FY2026, the Group began recognising revenue contributions from its TPA pipeline gas supply contracts under the Natural Gas Distribution System (“NGDS”) framework, marking a significant milestone in the segment’s operational expansion.

The segment now operates across three integrated delivery platforms: LNG supply via ISO containers, small-scale regasification infrastructure with EPCC capability, and pipeline gas supply under the TPA framework, reinforcing its integrated gas solutions model.

New Energy Segment

Uzma remains aligned with Malaysia’s renewable energy transition under the National Energy Transition Roadmap (“NETR”) and ongoing policy initiatives by the Ministry of Energy Transition and Water Transformation (“PETRA”).

The Group continues to observe encouraging momentum following the transition towards the Solar Accelerated Transition Action Programme (“Solar ATAP”), alongside anticipated future Large-Scale Solar (“LSS”) opportunities. Uzma continues strengthening its technical, commercial and operational readiness to participate competitively in these programmes.

Digitalisation & Technology Segment

The Group continued strengthening its satellite intelligence and geospatial capabilities during the quarter through UzmaSAT-1 and related digital solutions.

UzmaSAT-1 and its satellite intelligence capabilities were showcased at the Majlis Peluncuran Dasar Industri Pertahanan Negara (“DIPN”) and the MARA OISCA International Business Forum 2026 (“MOIBF 2026”) in Langkawi, highlighting the growing application of geospatial intelligence in infrastructure, sustainability and regional development initiatives.

The Group also exchanged a Letter of Intent (“LOI”) with Kouyo Daiichi Consultants Co. Ltd., Japan, in conjunction with MOIBF 2026, supporting future collaboration in geospatial and satellite-based solutions between Malaysia and Japan.

Outlook

Uzma expects continued activity growth in its upstream oil & gas segment, supported by sustained industry investment, production optimisation activities and project execution.

The Group remains focused on strengthening operational resilience, enhancing recurring income streams and expanding its presence across energy trading, renewable energy and digital and satellite-based solutions in line with its long-term growth strategy.

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