Eversendai's 2Q profit jumps as it logs record revenue

• It made a net profit of RM12.16 million for the second quarter ended June 30, 2025 (2QFY2025), nearly 33 times the RM371,000 it made in 2QFY2024, as revenue surged to RM550.59 million—double the RM275.51 million it recorded previously.

KUALA LUMPUR (Aug 28): Eversendai Corp Bhd's (KL:SENDAI) net profit jumped exponentially in the second quarter, as the group recorded its highest ever quarterly revenue, while finance costs and expenses fell by half.

It made a net profit of RM12.16 million for the second quarter ended June 30, 2025 (2QFY2025), nearly 33 times the RM371,000 it made in 2QFY2024, as revenue surged to RM550.59 million—double the RM275.51 million it recorded previously. Its previous highest quarterly revenue was RM519.05 million, which was recorded in 4QFY2023.

Its Middle East segment continues to be the largest revenue contributor, at RM433.64 million or 78.8% of the group's total revenue, followed by its India business, at RM75 million or 13.6%; Southeast Asia contributed RM41.9 million or 7.6%.

No dividend was proposed for the quarter under review, according to a bourse filing on Thursday.

Operating and administrative expenses fell 54% to RM25.89 million from RM56.3 million in 2QFY2024, while finance costs dropped nearly 47% to RM8.77 million from RM16.54 million.

The latest quarterly earnings raised its net profit for the first six months of FY2025 to RM14.6 million, 20 times the RM726,000 it recorded for the corresponding half year in FY2024, as revenue jumped 41.7% to RM956.87 million from RM675.22 million.

With an outstanding order book of RM5.7 billion, Eversendai is optimistic on progressively improving its financial performance.

Eversendai’s share price closed 1.5 sen or 3.5% higher at 44 sen, giving the group a market capitalisation of RM344 million. The stock is down 36% year to date.

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