KUALA LUMPUR (Aug 27): Asset management and infrastructure solutions group UEM Edgenta Bhd (KL:EDGENTA) returned to the black in the second quarter as its revenue grew 13% quarter-on-quarter, ending its dip into the red in the first quarter of the year.

In the quarter ended June 30, 2025 (2QFY2025), UEM Edgenta reported a net profit of RM9.61 million, compared with a net loss of RM17.95 million in the first quarter, on the back of RM730.34 million revenue.

However, on a year-on-year (y-o-y) basis, its net profit was lower by 23.5% compared with the RM12.56 million recorded in 2QFY2024, according to the group’s bourse filing on Wednesday.

Its revenue slipped 3.8% y-o-y to RM730.34 million from RM759.53 million.

“This turnaround was driven by stronger revenue [...] reflecting the ramp-up of deferred works and contributions from newly secured contracts across key segments,” UEM Edgenta said in a separate statement.

No dividend was declared for the latest quarter.

Despite the quarterly turnaround, UEM Edgenta is still in the red for the cumulative period.

For the six months ended June 30, 2025 (6MFY2025), UEM Edgenta logged a net loss of RM8.34 million in contrast to a net profit of RM22.33 million in 6MFY2024. Cumulative revenue was down 4.2% to RM1.38 billion from RM1.44 billion.

Moving forward, UEM Edgenta said it will continue to optimise operational activities across its project pipelines to protect margins and improve efficiency.

Shares in UEM Edgenta ended one sen or 1.33% higher at 76 sen on Wednesday, valuing the group at RM632.03 million.