KUALA LUMPUR, 23 October – OPUS International (M) Berhad
(OPUS), a leading engineering and asset management consultancy, a subsidiary of
UEM Edgenta Berhad (UEM Edgenta) together with 
HSS Engineering Sdn Bhd (HSSE), a prominent player in engineering and project
management services, a wholly owned subsidiary of HSS Engineers Berhad (HEB);
today announced the signing of a Joint Venture and Shareholders’ Agreement
(JVSA). This strategic partnership aims to accelerate expansion into
high-growth infrastructure markets across Southeast Asia (SEA) and the Middle
East.

This collaboration brings
together the combined expertise of OPUS and HSS Engineering to deliver comprehensive
solutions across engineering and technical services, project management and
asset management consultancy and energy efficiency solutions in diverse
infrastructure sectors. The joint venture will be 60% owned by OPUS and 40% by
HSSE. 

Sharing her thoughts on the
collaboration, Hillary Chua, Managing Director, OPUS, said, “This joint venture
marks a transformative step forward by merging the expertise of OPUS in asset
management and energy efficiency with HSSE’s extensive international market
presence and network. With over three decades of engineering excellence from
both OPUS and HSSE, we are uniquely positioned to deliver innovative and sustainable
infrastructure solutions not only to Malaysia but also for the high-growth
markets across Southeast Asia and the Middle East. We share ambitious growth
aspirations, aiming to enhance the delivery of world-class engineering practice
and asset management services while contributing to the region's infrastructure
development.

Echoing similar sentiments
and enthusiasm, Syahrunizam Samsudin, Managing Director &amp; CEO, UEM Edgenta,
shared, "This partnership is goes beyond collaboration – it is about
creating long-term value. It strengthens our ability to deliver innovative,
sustainable projects. For UEM Edgenta, this aligns seamlessly with our Edgenta
of the Future 2025 (EOTF 2025) vision; where innovation, sustainability, and
impact are at the core of our strategy. This joint venture also enhances our
competitiveness in the international market, positioning us as a leader in
infrastructure asset management across Southeast Asia and the Middle East region.”

“This JV allows us to leverage the strengths of both HEB
Group and Opus International. By combining HEB Group’s expertise in engineering
design and project management with Opus International’s innovative approaches
like asset management, geotechnical, energy efficiency and sustainability
solutions. We are creating a formidable alliance primed for success. Our
collaboration will certainly lead to synergistic benefits in our joint
projects. We look forward to building a strong partnership with Opus International
to raise the standards of infrastructure projects in modern urban landscapes,”
added Ir. Sharifah Azlina Raja Kamal Pasmah, Chief Executive Officer, HSS
Engineering Sdn Bhd.

Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS
Engineers Berhad concluded, “Opus International’s esteemed brand and its
leadership in asset management will seamlessly complement HEB Group’s proven
track record in engineering solutions for infrastructure projects. This
partnership is poised to significantly enhance project delivery capabilities
and foster dynamic growth in both domestic and global markets. HEB Group is
pivoting toward emerging fields like data centers and renewable energy while strengthening
its core areas of rail, highways, ports, and water infrastructure. Hence, this
JV is poised to enhance our position as Malaysia’s leading engineering
consultant and strengthen the comprehensiveness of our solutions.”

Signing the agreement on
behalf of OPUS was Hillary Chua, Managing Director, OPUS while HSS was
represented by it’s CEO, Ir. Sharifah Azlina Raja Kamal Pasmah. The signing was
witnessed by Syahrunizam Samsudin Managing Director &amp; CEO, UEM Edgenta and
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd.

OPUS and HSSE plan to
formally establish the joint venture in 2024, with initial operations focusing
on major asset management projects and energy efficiency initiatives. The
formation and operations of the joint venture are subject to necessary
regulatory approvals.

For further information on OPUS and UEM Edgenta,
log on to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>.

KUALA LUMPUR, 23 October – OPUS International (M) Berhad
(OPUS), a leading engineering and asset management consultancy, a subsidiary of
UEM Edgenta Berhad (UEM Edgenta) together with 
HSS Engineering Sdn Bhd (HSSE), a prominent player in engineering and project
management services, a wholly owned subsidiary of HSS Engineers Berhad (HEB);
today announced the signing of a Joint Venture and Shareholders’ Agreement
(JVSA). This strategic partnership aims to accelerate expansion into
high-growth infrastructure markets across Southeast Asia (SEA) and the Middle
East.This collaboration brings
together the combined expertise of OPUS and HSS Engineering to deliver comprehensive
solutions across engineering and technical services, project management and
asset management consultancy and energy efficiency solutions in diverse
infrastructure sectors. The joint venture will be 60% owned by OPUS and 40% by
HSSE. Sharing her thoughts on the
collaboration, Hillary Chua, Managing Director, OPUS, said, “This joint venture
marks a transformative step forward by merging the expertise of OPUS in asset
management and energy efficiency with HSSE’s extensive international market
presence and network. With over three decades of engineering excellence from
both OPUS and HSSE, we are uniquely positioned to deliver innovative and sustainable
infrastructure solutions not only to Malaysia but also for the high-growth
markets across Southeast Asia and the Middle East. We share ambitious growth
aspirations, aiming to enhance the delivery of world-class engineering practice
and asset management services while contributing to the region's infrastructure
development.Echoing similar sentiments
and enthusiasm, Syahrunizam Samsudin, Managing Director &amp; CEO, UEM Edgenta,
shared, "This partnership is goes beyond collaboration – it is about
creating long-term value. It strengthens our ability to deliver innovative,
sustainable projects. For UEM Edgenta, this aligns seamlessly with our Edgenta
of the Future 2025 (EOTF 2025) vision; where innovation, sustainability, and
impact are at the core of our strategy. This joint venture also enhances our
competitiveness in the international market, positioning us as a leader in
infrastructure asset management across Southeast Asia and the Middle East region.”“This JV allows us to leverage the strengths of both HEB
Group and Opus International. By combining HEB Group’s expertise in engineering
design and project management with Opus International’s innovative approaches
like asset management, geotechnical, energy efficiency and sustainability
solutions. We are creating a formidable alliance primed for success. Our
collaboration will certainly lead to synergistic benefits in our joint
projects. We look forward to building a strong partnership with Opus International
to raise the standards of infrastructure projects in modern urban landscapes,”
added Ir. Sharifah Azlina Raja Kamal Pasmah, Chief Executive Officer, HSS
Engineering Sdn Bhd.Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS
Engineers Berhad concluded, “Opus International’s esteemed brand and its
leadership in asset management will seamlessly complement HEB Group’s proven
track record in engineering solutions for infrastructure projects. This
partnership is poised to significantly enhance project delivery capabilities
and foster dynamic growth in both domestic and global markets. HEB Group is
pivoting toward emerging fields like data centers and renewable energy while strengthening
its core areas of rail, highways, ports, and water infrastructure. Hence, this
JV is poised to enhance our position as Malaysia’s leading engineering
consultant and strengthen the comprehensiveness of our solutions.”Signing the agreement on
behalf of OPUS was Hillary Chua, Managing Director, OPUS while HSS was
represented by it’s CEO, Ir. Sharifah Azlina Raja Kamal Pasmah. The signing was
witnessed by Syahrunizam Samsudin Managing Director &amp; CEO, UEM Edgenta and
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd.OPUS and HSSE plan to
formally establish the joint venture in 2024, with initial operations focusing
on major asset management projects and energy efficiency initiatives. The
formation and operations of the joint venture are subject to necessary
regulatory approvals.For further information on OPUS and UEM Edgenta,
log on to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>.



<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/9a8d0bca-79c7-4868-f171-6494238cb200/public" alt="(from left to right)&nbsp;Ir. Sharifah Azlina Raja Kamal Pasmah, CEO, HSS Engineers Bhd and Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd together with Syahrunizam Samsudin Managing Director &amp; CEO, UEM Edgenta and Hillary Chua, Managing Director, OPUS International (M) Bhd at the recent Joint Venture and Shareholders' Agreement signing between OPUS International (M) Bhd, a sub-subsidiary of UEM Edgenta Bhd, and HSS Engineers Bhd's wholly-owned subsidiary HSS Engineering Sdn Bhd to provide engineering and technical services." /><img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/2d6bc809-9f8c-48f9-5432-cfbfd89f0a00/public" alt="Image" /><img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/69a75573-273c-4868-70d6-f1200ea79000/public" alt="Image" />

Commercial facilities / Office buildings

Construction / Civil engineering

Electricity / Gas / Resources / Energy

Listed companies

Government offices / organizations

OPUS International and HSS Engineering Forge Strategic Joint Venture to Lead Infrastructure Development Across Southeast Asia and Middle East

UEM Edgenta Berhad (UEM
Edgenta), Malaysia’s leading provider of integrated asset management and
infrastructure services, in collaboration with The Lost Food Project, is proud
to announce the remarkable progress of the Saving
Animals, Serving Community campaign through the Pet Food Project (PFP) from
January to July 2024. As the first initiative of its kind in Malaysia, this
groundbreaking project is dedicated to rescuing surplus pet food and
redistributing it to animals in need, thereby fostering a more sustainable and
compassionate community.

UEM Edgenta, the sole
corporate partner in this first-of-its-kind collaboration, has been
instrumental in driving the success of the Pet Food Project. Over the past six
months, the project has successfully diverted 5,496 kilograms of surplus pet
food from landfills, bringing the total amount of rescued pet food to an
impressive 12,724 kilograms since the project's initiation. This surplus has
been distributed to individual cat and dog rescuers, shelters, and feeders
across the Klang Valley and beyond, ensuring that countless animals receive the
nourishment they need.

The success of the Pet Food
Project highlights UEM Edgenta’s commitment to innovation in community support
and sustainability. By partnering with The Lost Food Project, UEM Edgenta has
enabled the PFP to engage individuals and local businesses in combating pet
food waste. This effort has rescued 5,490 kilograms of pet food, prevented
36,935 kilograms of CO2 emissions, and supported over 50 shelters, rescuers,
and feeders. It has also delivered 50,384 meals to cats and kittens and 8,833
meals to dogs, enhancing the well-being of countless animals. At the same time,
this initiative has significantly reduced the environmental impact of food
waste, making a lasting difference in the community

As PFP moves beyond its pilot
phase, UEM Edgenta and The Lost Food Project are committed to integrating the
valuable learnings and connections established to ensure the continued success
and growth of the initiative. Insights gained from the pilot, including the
specific needs of animal shelters and the logistical challenges of surplus pet
food distribution, will be leveraged to refine processes and make them more
efficient and responsive to community needs.

Sharing his thoughts on the
initiative, Syahrunizam Samsudin, MD/CEO, UEM Edgenta, emphasised “At UEM
Edgenta, sustainability is not just a business objective; it is an integral
part of our commitment to creating lasting value for the communities we serve.
The ‘Saving Animals, Serving Community’ campaign, in partnership with The Lost
Food Project, exemplifies this commitment by addressing the critical issue of
pet food waste while enhancing animal welfare across Malaysia. As the only corporate
 partner of this groundbreaking initiative, we
are proud to be at the forefront, which aligns with our broader vision of
driving innovation and fostering social responsibility. As we continue to scale
this effort, we remain dedicated to building meaningful, sustainable
partnerships that make a tangible difference in society.” 

In addition to this
initiative, UEM Edgenta proudly served as the main sponsor of the "Potong
Royong" programme, in collaboration with Society for the Prevention of
Cruelty to Animals (SPCA). This vital campaign successfully neutered 680
animals, including over 500 cats and 150 dogs, helping to manage the stray
animal population and promote responsible pet ownership. SPCA has been UEM
Edgenta's trusted partner since 2023. Through the Company's continued
sponsorship in 2024, this collaboration further underscores the UEM Edgenta's
enduring commitment to both animal welfare and community sustainability.
Building on the success of these initiatives, UEM Edgenta will continue to
strengthen its collaboration with other like-minded organisations. The Company
is dedicated to expanding its efforts in reducing pet food waste, enhancing
animal welfare, and driving sustainable, community-focused solutions across
Malaysia.

For further information on UEM Edgenta’s CSR
programmes and its journey in sustainability, log on to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>.

(fourth from right) Wan Laila Fatihah,
Head, Corporate Communications, UEM Edgenta Berhad and (third from left)
Daniel Devadason, General Manager, The Lost Food Project together with
representatives of UEM Edgenta symbolically handing over rescued pet food to
TLFP.

(left)
Wan Laila Fatihah, Head, Corporate Communications, UEM Edgenta Berhad together
with (right) Daniel Devadason, General Manager, The Lost Food&nbsp;Project at a
recent pet food rescue&nbsp;programme.

A
representative of UEM Edgenta Berhad with one of the many feline recipients of
the rescued pet food under the Pet Food&nbsp;Project following the
collaboration between UEM Edgenta and&nbsp;TLFP.

UEM Edgenta Berhad (UEM
Edgenta), Malaysia’s leading provider of integrated asset management and
infrastructure services, in collaboration with The Lost Food Project, is proud
to announce the remarkable progress of the Saving
Animals, Serving Community campaign through the Pet Food Project (PFP) from
January to July 2024. As the first initiative of its kind in Malaysia, this
groundbreaking project is dedicated to rescuing surplus pet food and
redistributing it to animals in need, thereby fostering a more sustainable and
compassionate community.UEM Edgenta, the sole
corporate partner in this first-of-its-kind collaboration, has been
instrumental in driving the success of the Pet Food Project. Over the past six
months, the project has successfully diverted 5,496 kilograms of surplus pet
food from landfills, bringing the total amount of rescued pet food to an
impressive 12,724 kilograms since the project's initiation. This surplus has
been distributed to individual cat and dog rescuers, shelters, and feeders
across the Klang Valley and beyond, ensuring that countless animals receive the
nourishment they need.The success of the Pet Food
Project highlights UEM Edgenta’s commitment to innovation in community support
and sustainability. By partnering with The Lost Food Project, UEM Edgenta has
enabled the PFP to engage individuals and local businesses in combating pet
food waste. This effort has rescued 5,490 kilograms of pet food, prevented
36,935 kilograms of CO2 emissions, and supported over 50 shelters, rescuers,
and feeders. It has also delivered 50,384 meals to cats and kittens and 8,833
meals to dogs, enhancing the well-being of countless animals. At the same time,
this initiative has significantly reduced the environmental impact of food
waste, making a lasting difference in the communityAs PFP moves beyond its pilot
phase, UEM Edgenta and The Lost Food Project are committed to integrating the
valuable learnings and connections established to ensure the continued success
and growth of the initiative. Insights gained from the pilot, including the
specific needs of animal shelters and the logistical challenges of surplus pet
food distribution, will be leveraged to refine processes and make them more
efficient and responsive to community needs.Sharing his thoughts on the
initiative, Syahrunizam Samsudin, MD/CEO, UEM Edgenta, emphasised “At UEM
Edgenta, sustainability is not just a business objective; it is an integral
part of our commitment to creating lasting value for the communities we serve.
The ‘Saving Animals, Serving Community’ campaign, in partnership with The Lost
Food Project, exemplifies this commitment by addressing the critical issue of
pet food waste while enhancing animal welfare across Malaysia. As the only corporate
 partner of this groundbreaking initiative, we
are proud to be at the forefront, which aligns with our broader vision of
driving innovation and fostering social responsibility. As we continue to scale
this effort, we remain dedicated to building meaningful, sustainable
partnerships that make a tangible difference in society.” In addition to this
initiative, UEM Edgenta proudly served as the main sponsor of the "Potong
Royong" programme, in collaboration with Society for the Prevention of
Cruelty to Animals (SPCA). This vital campaign successfully neutered 680
animals, including over 500 cats and 150 dogs, helping to manage the stray
animal population and promote responsible pet ownership. SPCA has been UEM
Edgenta's trusted partner since 2023. Through the Company's continued
sponsorship in 2024, this collaboration further underscores the UEM Edgenta's
enduring commitment to both animal welfare and community sustainability.
Building on the success of these initiatives, UEM Edgenta will continue to
strengthen its collaboration with other like-minded organisations. The Company
is dedicated to expanding its efforts in reducing pet food waste, enhancing
animal welfare, and driving sustainable, community-focused solutions across
Malaysia.For further information on UEM Edgenta’s CSR
programmes and its journey in sustainability, log on to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>.



<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/f10a47b5-d9b2-45ee-4a7c-53755aef8200/public" alt="Image" />(fourth from right) Wan Laila Fatihah,
Head, Corporate Communications, UEM Edgenta Berhad and (third from left)
Daniel Devadason, General Manager, The Lost Food Project together with
representatives of UEM Edgenta symbolically handing over rescued pet food to
TLFP.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/4427d6ef-55de-4072-1957-1c6955878200/public" alt="Image" />(left)
Wan Laila Fatihah, Head, Corporate Communications, UEM Edgenta Berhad together
with (right) Daniel Devadason, General Manager, The Lost Food&nbsp;Project at a
recent pet food rescue&nbsp;programme.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/13d4a7ea-f51f-4d04-05d5-139a3edfc000/public" alt="Image" />A
representative of UEM Edgenta Berhad with one of the many feline recipients of
the rescued pet food under the Pet Food&nbsp;Project following the
collaboration between UEM Edgenta and&nbsp;TLFP.

Pets / Pet Supplies

Foundations / Associations

Event

Campaign

UEM Edgenta Champions Malaysia’s First Pet Food Rescue

UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).

UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.

A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.

UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.

In Asset Management Services, the company is focused on maintaining its market leadership by advancing Smart and Green Facilities Management, emphasizing cutting-edge technology for efficient and sustainable asset management. Additionally, our strategic acquisition of the Kaizen Group in the UAE, completed in 1H FY2024, further strengthens our market position and drives financial growth through a cohesive integration with our existing operations in the Middle East, which is certain to unlock new business opportunities in the region.

With a robust order book extending beyond 2030, the Infrastructure Services Division enjoys strong earnings visibility. Concurrently, it is broadening its capabilities beyond road maintenance to include areas such as solar photovoltaic system maintenance and expanding its presence in Indonesia’s infrastructure services market. Additionally, the Recycled Asphalt Pavement (RAP) premix plant in Perak is now fully completed and operational, positioning the business within the pavement products value chain.

Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, “We are committed to optimizing our resources and refining our operational model to enhance efficiency across all levels. Our strong and steadily replenishing order book not only provides clear visibility into long-term earnings and financial stability but also underscores our resilience in navigating market fluctuations.”

“As we advance with our Edgenta of The Future 2025 (EoTF2025) strategies, we are confident that our resilience and focus on both business preservation and growth will empower us to overcome challenges and deliver outstanding performance throughout the year. Our ability to adapt and persevere positions us strongly to meet future demands and achieve sustained success,” he added.

Looking ahead, UEM Edgenta remains committed to exploring new possibilities and advancing industry standards. By steadily integrating innovation and prioritizing sustainable growth, the company continues to create value for its stakeholders while striving to deliver practical and forward-thinking solutions.

For further information on UEM Edgenta, visit https://www.uemedgenta.com.

UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.In Asset Management Services, the company is focused on maintaining its market leadership by advancing Smart and Green Facilities Management, emphasizing cutting-edge technology for efficient and sustainable asset management. Additionally, our strategic acquisition of the Kaizen Group in the UAE, completed in 1H FY2024, further strengthens our market position and drives financial growth through a cohesive integration with our existing operations in the Middle East, which is certain to unlock new business opportunities in the region.With a robust order book extending beyond 2030, the Infrastructure Services Division enjoys strong earnings visibility. Concurrently, it is broadening its capabilities beyond road maintenance to include areas such as solar photovoltaic system maintenance and expanding its presence in Indonesia’s infrastructure services market. Additionally, the Recycled Asphalt Pavement (RAP) premix plant in Perak is now fully completed and operational, positioning the business within the pavement products value chain.Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, “We are committed to optimizing our resources and refining our operational model to enhance efficiency across all levels. Our strong and steadily replenishing order book not only provides clear visibility into long-term earnings and financial stability but also underscores our resilience in navigating market fluctuations.”“As we advance with our Edgenta of The Future 2025 (EoTF2025) strategies, we are confident that our resilience and focus on both business preservation and growth will empower us to overcome challenges and deliver outstanding performance throughout the year. Our ability to adapt and persevere positions us strongly to meet future demands and achieve sustained success,” he added.Looking ahead, UEM Edgenta remains committed to exploring new possibilities and advancing industry standards. By steadily integrating innovation and prioritizing sustainable growth, the company continues to create value for its stakeholders while striving to deliver practical and forward-thinking solutions.For further information on UEM Edgenta, visit https://www.uemedgenta.com.

Fitness / Healthcare

Management Consulting

Real Estate / Architecture / Construction

UEM Edgenta Delivers Resilient Performance in 1H 2024, Achieves Strategic Milestones

A Photo Release from UEM Edgenta - "UEM Edgenta 61st Annual General Meeting" <img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/8b61c53afbd0423d6252d9d1d7eebb4e3620d5c0198f557951ff6370867e48f2/UEM%20Edgenta%20-%2061st%20AGM.jpg" alt="(left) Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta with (right) Dato’ Mohd Izani Ghani, Non-Independent Non-Executive Director of the Board at UEM Edgenta, at the UEM Edgenta’s 61st Annual General Meeting held virtually from its headquarters in Menara UEM, Bangsar South, Kuala Lumpur. (kiri)
 Syahrunizam Samsudin, Pengarah Urusan/Ketua Pegawai Eksekutif UEM Edgenta bersama-sama
 (kanan) Dato’ Mohd Izani Ghani, Pengarah Bukan Bebas Bukan Eksekutif di UEM
 Edgenta, semasa “Mesyuarat
 Agung Tahunan ke-61” UEM Edgenta yang
 diadakan secara maya di ibu pejabatnya di Menara UEM, Bangsar South, Kuala
 Lumpur.&nbsp; &nbsp; &nbsp; &nbsp; " />

Medical / Hospital

Green technology

Financial results announcement

A Photo Release from UEM Edgenta - "UEM Edgenta 61st Annual General Meeting"

UEM Edgenta 61st Annual General Meeting

KUALA LUMPUR, 3 May – Following a day celebrating
community spirit and gratitude, 
UEM Edgenta Berhad (UEM Edgenta)’s Hari Raya Aidilfitri open house event,
themed "Indahnya Syukur Syawal" was very well received and saw over 2,000
guests in attendance comprising of its diverse clients stakeholders, including Malaysia’s
sovereign wealth fund, Khazanah Nasional Berhad.

From left:
Syahrunizam Samsudin, MD/CEO of UEM Edgenta Berhad (2nd from left), Rowina
Ghazali Seth, Independent Non-Executive Director of UEM Edgenta, Ir.
Vekneswaran T. Arasappan, Head of Property and Facility Solutions, and Tan Sri
Dr. Azmil Khalid, Chairman of UEM Edgenta (2nd right).

The leading integrated asset management and infrastructure
services provider’s event featured a bustling bazaar-like atmosphere, with
local entrepreneurs showcasing their products. Attendees had the opportunity to
explore offerings from Brotani, Soul Soil, The Mok’s, and other
participating vendors while supporting small businesses and Malaysian youths.
The bazaar was made possible through UEM Edgenta’s collaboration with Penglipur
Lara, well known for its curation of local emerging brands through its pop-up bazaar
series.

Syarunizam Samsudin, Managing Director and Chief Executive
Officer, UEM Edgenta, shared, "We are indeed delighted by the overwhelming
success of this year's open house celebration. The theme 'Indahnya Syukur
Syawal' truly encapsulated the spirit of gratitude and togetherness that
defines Aidilfitri. While we celebrate each other’s company over good food, the
bazaar reflects the Company’s appreciation for the success made possible through
collaborations with the wider vendor ecosystem.”

A continuation of the Company’s heartwarming generosity
during Ramadan, the open house welcomed orphans from Pusat Jagaan Darul
Sakinah Angkasa to join in the festivities, spreading the joy of Aidilfitri
and fostering a sense of inclusivity within the community.

“Carrying over the caring and compassionate spirit from our
Ramadan CSR called ‘Jalinan Kasih Edgenta’, we continue to create
positive experiences for the wider community and are proud to strengthen the silaturahim
during Syawal as well while aspiring to create a sustainable and impactful
legacy of compassion and support,” added Syahrunizam.

Before the main open house event in the afternoon, UEM
Edgenta hosted a special staff open house, where employees showcased their
talents in a lively competition. The event showcased the creativity and unity
within the Company.

Among
the guests seen mingling during the open house were Datuk Amran Hafiz
Affifudin, Executive Director, Khazanah Nasional Berhad, Dato' Mohd Izani Ghani,
Managing Director, UEM Group Berhad, and Tan Sri Dr. Azmil Khalid, Chairman,
UEM Edgenta just to name a few. Other notable names include Anas Tahir and Mawi
from Astro Radio, and current podcast personality Khairy Jamaluddin from Keluar
Sekejap podcast series.

UEM Edgenta extends its heartfelt appreciation to all who
attended and contributed to the success of the event. We look forward to
continuing to celebrate diversity, unity, and community spirit in future
endeavours.

For further information on UEM Edgenta, logon to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>

Syahrunizam
Samsudin, MD/CEO, UEM Edgenta sampling fares from one of the many invited
vendors at the Company's Aidilfitri open house

Syahrunizam
Samsudin, MD/CEO UEM Edgenta Berhad hosting international guests at the
Company's recent Aidilfitri open house.

KUALA LUMPUR, 3 May – Following a day celebrating
community spirit and gratitude, 
UEM Edgenta Berhad (UEM Edgenta)’s Hari Raya Aidilfitri open house event,
themed "Indahnya Syukur Syawal" was very well received and saw over 2,000
guests in attendance comprising of its diverse clients stakeholders, including Malaysia’s
sovereign wealth fund, Khazanah Nasional Berhad. <img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/f79835001c02ef01b7f308afb50ceda7e2edffcbe8e77c3ec43c9bd100d3909e/Edgenta%20Open%20House%201.jpg" alt="Image" />From left:
Syahrunizam Samsudin, MD/CEO of UEM Edgenta Berhad (2nd from left), Rowina
Ghazali Seth, Independent Non-Executive Director of UEM Edgenta, Ir.
Vekneswaran T. Arasappan, Head of Property and Facility Solutions, and Tan Sri
Dr. Azmil Khalid, Chairman of UEM Edgenta (2nd right).The leading integrated asset management and infrastructure
services provider’s event featured a bustling bazaar-like atmosphere, with
local entrepreneurs showcasing their products. Attendees had the opportunity to
explore offerings from Brotani, Soul Soil, The Mok’s, and other
participating vendors while supporting small businesses and Malaysian youths.
The bazaar was made possible through UEM Edgenta’s collaboration with Penglipur
Lara, well known for its curation of local emerging brands through its pop-up bazaar
series.Syarunizam Samsudin, Managing Director and Chief Executive
Officer, UEM Edgenta, shared, "We are indeed delighted by the overwhelming
success of this year's open house celebration. The theme 'Indahnya Syukur
Syawal' truly encapsulated the spirit of gratitude and togetherness that
defines Aidilfitri. While we celebrate each other’s company over good food, the
bazaar reflects the Company’s appreciation for the success made possible through
collaborations with the wider vendor ecosystem.”A continuation of the Company’s heartwarming generosity
during Ramadan, the open house welcomed orphans from Pusat Jagaan Darul
Sakinah Angkasa to join in the festivities, spreading the joy of Aidilfitri
and fostering a sense of inclusivity within the community.“Carrying over the caring and compassionate spirit from our
Ramadan CSR called ‘Jalinan Kasih Edgenta’, we continue to create
positive experiences for the wider community and are proud to strengthen the silaturahim
during Syawal as well while aspiring to create a sustainable and impactful
legacy of compassion and support,” added Syahrunizam..Before the main open house event in the afternoon, UEM
Edgenta hosted a special staff open house, where employees showcased their
talents in a lively competition. The event showcased the creativity and unity
within the Company.Among
the guests seen mingling during the open house were Datuk Amran Hafiz
Affifudin, Executive Director, Khazanah Nasional Berhad, Dato' Mohd Izani Ghani,
Managing Director, UEM Group Berhad, and Tan Sri Dr. Azmil Khalid, Chairman,
UEM Edgenta just to name a few. Other notable names include Anas Tahir and Mawi
from Astro Radio, and current podcast personality Khairy Jamaluddin from Keluar
Sekejap podcast series.UEM Edgenta extends its heartfelt appreciation to all who
attended and contributed to the success of the event. We look forward to
continuing to celebrate diversity, unity, and community spirit in future
endeavours.For further information on UEM Edgenta, logon to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a><img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/ca242b809901af4c4e647d895c0b65872ad93d63a87e7d42df8fe612022f0f93/Edgenta%20Open%20House%203.jpg" alt="Image" />Syahrunizam
Samsudin, MD/CEO, UEM Edgenta sampling fares from one of the many invited
vendors at the Company's Aidilfitri open house<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/14e8c1be9e0e6d10095d2cd0be7796c55eddaf9f1d2a9a3b76d0b9775aa327f5/Edgenta%20Open%20House%204.jpg" alt="Image" />Syahrunizam
Samsudin, MD/CEO UEM Edgenta Berhad hosting international guests at the
Company's recent Aidilfitri open house.

UEM Edgenta Hosts Aidilfitri Corporate Open House

KUALA LUMPUR, 29 March – Throughout the month of Ramadan, UEM Edgenta Berhad (UEM Edgenta), a leading provider of integrated asset management and infrastructure services, embarked on a series of Corporate Social Responsibility (CSR) initiatives in sealing the Company’s commitment to the community through 2024’s edition of its “Jalinan Kasih Edgenta” series. Reflecting the true spirit of the holy month, the initiatives included distribution of bubur lambuk, food baskets and iftar with selected orphanages.

The month-long CSR programme which touched close to 3,800 beneficiaries nationwide recently culminated with a twinned activity involving mosques in Pantai Dalam; namely Masjid Al-Ikhlasiah and Masjid Ar-Rahah. The programme kicked off with an iftar (breaking of the fast) session with orphans from selected orphanages in Kuala Lumpur together with the congegration of Masjid Al-Ikhlasiah, followed by the distribution of food baskets consisting of grocery items to 300 asnaf beneficiaries which included the congegration of Masjid Ar-Rahah. Both mosques are located within the same locale of UEM Edgenta’s head office, situated in the Pantai Dalam area.

“The spirit of Ramadan is one of generosity, compassion, and shared experiences. Through our signature CSR series aptly called “Jalinan Kasih Edgenta,” we aim to embody these values and create positive experiences for the wider community. We are proud to play a role in strengthening the bonds of togetherness during this holy month,” said Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta.

“It is hoped that the distribution of the essential food supplies will also help alleviate the needs of the beneficiaries in the Pantai Dalam and Kerinchi areas while ensuring they have the necessary provisions in preparing meals during the holy month. We believe that UEM Edgenta and the community wherever it operates in have a special bond and we intend to strengthen that silaturahim,” added Syahrunizam.

Also present was Razman Ismail, Chief People Officer of UEM Edgenta, who complemented the food distribution with a donation to Masjid Al-Ikhlasiah, reflecting the company's commitment to ensure the pillar of the local community is well taken care of. The spirit of giving was extended further with the distribution of duit raya to the asnaf children and Tahfiz students in attendance, bringing smiles to their faces.

Echoing previous editions, “Jalinan Kasih Edgenta” this Ramadan extends beyond the Pantai Dalam community where the initiatives are held with the objective of making a larger impact in the community UEM Edgenta has presence in.

Prior and upcoming initiatives include a range of activities:

i. Surau Ashabul Kahfi, Dungun, Terengganu

ii. Masjid Abdullah Fahim, Kepala Batas, Penang

i. Sg. Buloh Overhead Bridge Restaurant &amp; Rest Stop Area

UEM Edgenta’s “Jalinan Kasih Edgenta” series sees the Company working side by side with various partners. In addition to its longstanding partner, the Department of Social Welfare Malaysia (Kuala Lumpur); 2024’s edition will also witness the Company collaborating with PLUS in its "Infaq Musafir Ramadan" programme, to distribute food and drinks to highway users during peak travel periods scheduled for 2 April 2024. Also locking arms with UEM Edgenta this year are the Royal Malaysian Police (PDRM) and Zayan FM from Astro Audio’s stable of radio stations, who will be jointly organising another iftar session with orphans on 3 April 2024 held at Kelab Golf Perkhidmatan Awam (KGPA).

While giving back to the communities it operates in, UEM Edgenta aims to cultivate mutual understanding and establish long-lasting partnerships with participating organizations. Through collaborative efforts, we aspire to create a sustainable and impactful legacy of compassion and support. Additionally, UEM Edgenta recently sponsored an Iftar at Masjid Saidina Umar Al-Khattab, Bukit Damansara, further demonstrating its commitment to community engagement.

For further information on UEM Edgenta and its CSR other initiatives, logon to https://www.uemedgenta.com.

Razman Ismail,
Chief People Officer, UEM Edgenta (left), handing over a 'food basket'
consisting of grocery items to a beneficiary during the Company's "Jalinan
Kasih Edgenta" CSR programme in conjunction with the month of Ramadan.

One of the many
beneficiaries receiving a 'food basket' consisting of grocery items from a UEM
Edgenta representative during the Company's recent "Jalinan Kasih
Edgenta" CSR programme, held in conjunction with Ramadan.

KUALA LUMPUR, 29 March – Throughout the month of Ramadan, UEM Edgenta Berhad (UEM Edgenta), a leading provider of integrated asset management and infrastructure services, embarked on a series of Corporate Social Responsibility (CSR) initiatives in sealing the Company’s commitment to the community through 2024’s edition of its “Jalinan Kasih Edgenta” series. Reflecting the true spirit of the holy month, the initiatives included distribution of bubur lambuk, food baskets and iftar with selected orphanages.The month-long CSR programme which touched close to 3,800 beneficiaries nationwide recently culminated with a twinned activity involving mosques in Pantai Dalam; namely Masjid Al-Ikhlasiah and Masjid Ar-Rahah. The programme kicked off with an iftar (breaking of the fast) session with orphans from selected orphanages in Kuala Lumpur together with the congegration of Masjid Al-Ikhlasiah, followed by the distribution of food baskets consisting of grocery items to 300 asnaf beneficiaries which included the congegration of Masjid Ar-Rahah. Both mosques are located within the same locale of UEM Edgenta’s head office, situated in the Pantai Dalam area.“The spirit of Ramadan is one of generosity, compassion, and shared experiences. Through our signature CSR series aptly called “Jalinan Kasih Edgenta,” we aim to embody these values and create positive experiences for the wider community. We are proud to play a role in strengthening the bonds of togetherness during this holy month,” said Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta.“It is hoped that the distribution of the essential food supplies will also help alleviate the needs of the beneficiaries in the Pantai Dalam and Kerinchi areas while ensuring they have the necessary provisions in preparing meals during the holy month. We believe that UEM Edgenta and the community wherever it operates in have a special bond and we intend to strengthen that silaturahim,” added Syahrunizam.Also present was Razman Ismail, Chief People Officer of UEM Edgenta, who complemented the food distribution with a donation to Masjid Al-Ikhlasiah, reflecting the company's commitment to ensure the pillar of the local community is well taken care of. The spirit of giving was extended further with the distribution of duit raya to the asnaf children and Tahfiz students in attendance, bringing smiles to their faces.Echoing previous editions, “Jalinan Kasih Edgenta” this Ramadan extends beyond the Pantai Dalam community where the initiatives are held with the objective of making a larger impact in the community UEM Edgenta has presence in.Prior and upcoming initiatives include a range of activities:Distribution of Food Basketsi. Surau Ashabul Kahfi, Dungun, Terengganuii. Masjid Abdullah Fahim, Kepala Batas, PenangDistribution of Bubur Lambuk2 April 2024i. Sg. Buloh Overhead Bridge Restaurant &amp; Rest Stop Areaii. Menara UEM, Kuala LumpurUEM Edgenta’s “Jalinan Kasih Edgenta” series sees the Company working side by side with various partners. In addition to its longstanding partner, the Department of Social Welfare Malaysia (Kuala Lumpur); 2024’s edition will also witness the Company collaborating with PLUS in its "Infaq Musafir Ramadan" programme, to distribute food and drinks to highway users during peak travel periods scheduled for 2 April 2024. Also locking arms with UEM Edgenta this year are the Royal Malaysian Police (PDRM) and Zayan FM from Astro Audio’s stable of radio stations, who will be jointly organising another iftar session with orphans on 3 April 2024 held at Kelab Golf Perkhidmatan Awam (KGPA).While giving back to the communities it operates in, UEM Edgenta aims to cultivate mutual understanding and establish long-lasting partnerships with participating organizations. Through collaborative efforts, we aspire to create a sustainable and impactful legacy of compassion and support. Additionally, UEM Edgenta recently sponsored an Iftar at Masjid Saidina Umar Al-Khattab, Bukit Damansara, further demonstrating its commitment to community engagement.For further information on UEM Edgenta and its CSR other initiatives, logon to https://www.uemedgenta.com.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/a175a907ffef5f2f80d98c9ab672e4b95644e178845c9cef93f419e90ab30014/JalinanKasihEdgenta_1.jpg" alt="Image" />Razman Ismail,
Chief People Officer, UEM Edgenta (left), handing over a 'food basket'
consisting of grocery items to a beneficiary during the Company's "Jalinan
Kasih Edgenta" CSR programme in conjunction with the month of Ramadan.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/9ec7a28ed4a58ddc28d129c034ac6f3805f3d0f6886ff939456b2c12fc7ff196/JalinanKasihEdgenta_2.jpg.jpg" alt="Image" />One of the many
beneficiaries receiving a 'food basket' consisting of grocery items from a UEM
Edgenta representative during the Company's recent "Jalinan Kasih
Edgenta" CSR programme, held in conjunction with Ramadan.

UEM Edgenta Continues its Ramadan 'Jalinan Kasih Edgenta' Series

KUALA LUMPUR, 29 February 2024 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, reported an improved revenue delivery of 14.1% for the financial year ended 31 December 2023 (“FY2023”), compared to RM2.5 billion in the previous year (“FY2022”) and for the Company to declare a single-tier interim dividend of 2 sen per ordinary share for FY2023.

Facing global inflationary pressure and rising operational costs, the company's profit was moderated, resulting in a profit after tax for FY2023 of RM30.1 million, a decrease of 34.1% compared to RM45.7 million in FY2022.

In the fourth quarter of fiscal year 2023, UEM Edgenta reported a revenue of RM806.9 million, an increase from the previous quarter's revenue of RM710.5 million. However, net profit declined by 92.9% QoQ resulting from headwinds driven by external inflationary environment, compared to a profit of RM21.0 million in the preceding quarter. Despite the above, UEM Edgenta maintains a healthy financial position, with a low gearing ratio of 0.3 times and cash and bank balances totaling RM644.2 million as of December 31, 2023, indicating financial stability and liquidity.

Taking stock of the prevailing market conditions, sentiment, and the Company's most recent quarterly performance, Syahrunizam Samsudin, Managing Director/Chief Executive Officer, UEM Edgenta shared, "In 2023, UEM Edgenta demonstrated robust revenue growth, highest in 6 years, driven by high contract renewals and realized workorders from strong year-on-year contract wins with maiden revenue contribution from KSA, supported by strengthening of SGD. Due to the cost-push inflation with persistent rising cost of raw materials and labour that directly impact our cost structure and flow-through impact from subcontractor/vendor rising costs, profit margin was moderated across businesses. The impact was partially mitigated by our multi-sector, multi-geography portfolio diversification strategy, supported by savings driven through stringent cost management, operational efficiency initiatives and optimisation of supply chain management. As we navigate through the challenges, we continue to remain steadfast in executing our long-term strategy underpinned by EOTF 2025, driven by investments in tech and new markets and optimize the way we operate.”

“Significant headway was realized in executing technology, sustainability and market pivots through Edgenta’s differentiation in execution capabilities, reputation in upholding international quality standard and good customer relationships, the Company remains committed to enhancing efficiency and driving sustainable profitability,” added Syahrunizam.

2023 in Review: Navigating Growth and Innovation

As we enter 2024, UEM Edgenta celebrates a year of significant achievements and strategic progress on various fronts. Domestically, our dedication to innovation and sustainability has established OPUS as a leader in promoting sustainability solutions within the built environment. Our successes also extend to securing long-term contracts for state and rural roads in Selangor, Johor, and Sarawak, reaffirming our commitment to infrastructure development in Malaysia. Additionally, the launch of Net Zero Targets demonstrates our commitment to environmental responsibility, with goals set to reduce operational GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050.

Internationally, mature markets like Singapore and Taiwan, our diversification strategy goes beyond healthcare support services. Leveraging our strong reputation and track record, we are intensifying efforts to explore opportunities in the manufacturing and hospitality sectors to diversify revenue sources. In the dynamic Middle East market, we recognize significant potential driven by rapid growth and untapped opportunities, particularly in emerging smart city developments; prioritising facilities management services to capitalise on these opportunities. UEM Edgenta expanded its footprint in the Middle East with recent acquisitions, further enhancing our real estate services platform and expanding our client base.

UEM Edgenta has reached 82% of its RM100 million savings target for EoTF 2025, with 43% of its new wins attributed to technology-driven strategies, highlighting its resilience and innovation in facing industry challenges. The company's shift towards global leadership in long-term asset management and its focus on markets that appreciate this expertise reflect its adaptability. Despite facing challenges, UEM Edgenta's commitment to execution excellence, international standards, and strong customer relationships has reinforced its industry position. By focusing on strategic resilience, technological advancement, and talent development, UEM Edgenta aims for sustained growth, leveraging its global presence to overcome obstacles, capitalize on opportunities, and ensure long-term value creation for stakeholders.

For further information on UEM Edgenta and its other initiatives, logon to https://www.uemedgenta.com.

Head, Centre of Excellence &amp; Financial Management, UEM Edgenta

Managing Director / Chief Executive Officer, UEM Edgenta

KUALA LUMPUR, 29 February 2024 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, reported an improved revenue delivery of 14.1% for the financial year ended 31 December 2023 (“FY2023”), compared to RM2.5 billion in the previous year (“FY2022”) and for the Company to declare a single-tier interim dividend of 2 sen per ordinary share for FY2023.Facing global inflationary pressure and rising operational costs, the company's profit was moderated, resulting in a profit after tax for FY2023 of RM30.1 million, a decrease of 34.1% compared to RM45.7 million in FY2022.In the fourth quarter of fiscal year 2023, UEM Edgenta reported a revenue of RM806.9 million, an increase from the previous quarter's revenue of RM710.5 million. However, net profit declined by 92.9% QoQ resulting from headwinds driven by external inflationary environment, compared to a profit of RM21.0 million in the preceding quarter. Despite the above, UEM Edgenta maintains a healthy financial position, with a low gearing ratio of 0.3 times and cash and bank balances totaling RM644.2 million as of December 31, 2023, indicating financial stability and liquidity.Taking stock of the prevailing market conditions, sentiment, and the Company's most recent quarterly performance, Syahrunizam Samsudin, Managing Director/Chief Executive Officer, UEM Edgenta shared, "In 2023, UEM Edgenta demonstrated robust revenue growth, highest in 6 years, driven by high contract renewals and realized workorders from strong year-on-year contract wins with maiden revenue contribution from KSA, supported by strengthening of SGD. Due to the cost-push inflation with persistent rising cost of raw materials and labour that directly impact our cost structure and flow-through impact from subcontractor/vendor rising costs, profit margin was moderated across businesses. The impact was partially mitigated by our multi-sector, multi-geography portfolio diversification strategy, supported by savings driven through stringent cost management, operational efficiency initiatives and optimisation of supply chain management. As we navigate through the challenges, we continue to remain steadfast in executing our long-term strategy underpinned by EOTF 2025, driven by investments in tech and new markets and optimize the way we operate.”“Significant headway was realized in executing technology, sustainability and market pivots through Edgenta’s differentiation in execution capabilities, reputation in upholding international quality standard and good customer relationships, the Company remains committed to enhancing efficiency and driving sustainable profitability,” added Syahrunizam.2023 in Review: Navigating Growth and InnovationAs we enter 2024, UEM Edgenta celebrates a year of significant achievements and strategic progress on various fronts. Domestically, our dedication to innovation and sustainability has established OPUS as a leader in promoting sustainability solutions within the built environment. Our successes also extend to securing long-term contracts for state and rural roads in Selangor, Johor, and Sarawak, reaffirming our commitment to infrastructure development in Malaysia. Additionally, the launch of Net Zero Targets demonstrates our commitment to environmental responsibility, with goals set to reduce operational GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050.Internationally, mature markets like Singapore and Taiwan, our diversification strategy goes beyond healthcare support services. Leveraging our strong reputation and track record, we are intensifying efforts to explore opportunities in the manufacturing and hospitality sectors to diversify revenue sources. In the dynamic Middle East market, we recognize significant potential driven by rapid growth and untapped opportunities, particularly in emerging smart city developments; prioritising facilities management services to capitalise on these opportunities. UEM Edgenta expanded its footprint in the Middle East with recent acquisitions, further enhancing our real estate services platform and expanding our client base.UEM Edgenta has reached 82% of its RM100 million savings target for EoTF 2025, with 43% of its new wins attributed to technology-driven strategies, highlighting its resilience and innovation in facing industry challenges. The company's shift towards global leadership in long-term asset management and its focus on markets that appreciate this expertise reflect its adaptability. Despite facing challenges, UEM Edgenta's commitment to execution excellence, international standards, and strong customer relationships has reinforced its industry position. By focusing on strategic resilience, technological advancement, and talent development, UEM Edgenta aims for sustained growth, leveraging its global presence to overcome obstacles, capitalize on opportunities, and ensure long-term value creation for stakeholders.For further information on UEM Edgenta and its other initiatives, logon to https://www.uemedgenta.com.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/8449a1c5864d7c66d0ad754b05144ea841ace1665e894a009bccd64f41f6a27b/UEM%20Edgenta%20FY2023-Financial%20Results.jpg" alt="(from left to right)" />i.	Michael Leong Kar YungHead, Centre of Excellence &amp; Financial Management, UEM Edgentaii.	Syahrunizam SamsudinManaging Director / Chief Executive Officer, UEM Edgentaiii.	Lim Su SanHead, Corporate Strategy, UEM Edgentaiv.	Rais ImranChief Strategy Officer, UEM Edgenta<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/00fd43e24180e7a9bbbd9d302201716d4975c90f2c37eb0fd9e02686cb780f7b/UEM%20Edgenta%20FY2023-Financial%20Results-MDCEO.jpeg" alt="Image" />

UEM EDGENTA BERHAD