KUALA LUMPUR (Sept 30): ES Sunlogy Bhd (KL:SUNLOGY) slipped into the red in the last quarter of its financial year, citing one-off impairment losses on trade receivables, property, plant and equipment.

In its bourse filing on Wednesday, the energy solutions provider said it made a net loss of RM5.64 million for the quarter ended July 31, 2026 (4QFY2026) compared with a net profit of RM5.38 million a year ago. 

It attributed the loss to one-off impairments on trade receivables and property of RM3.4 million, and on plant and equipment at RM4.1 million. 

Revenue for the quarter dropped 58.5% year-on-year to RM35.44 million from RM85.50 million, primarily due several major projects being at or near completion.

For the full year (FY2026), net profit dropped 91.2% to RM1.39 million from RM15.40 million in FY2025.

Full-year revenue declined 38.3% to RM200.43 million from RM324.68 million, mainly due to lower contributions from the trading, and mechanical and electrical engineering segments as projects reached varying stages of completion.

The group said the M&E segment remained its primary revenue contributor during the quarter, generating RM30.94 million compared with RM78.17 million in 4QFY2025.

No dividend was declared for the quarter under review.

The group remains optimistic about its prospects, supported by its healthy order book providing revenue visibility over the next two to three years.

The company added that its renewable energy segment is expected to serve as a key growth driver, while strategic developments — such as Kerjaya Prospek Group Bhd (KL:KERJAYA) acquiring a 31% stake in the group — are expected to broaden strategic partnerships and support long-term growth.

ES Sunlogy shares closed 2.5 sen lower or 5.32% at 44.5 sen on Wednesday, giving the group a market capitalisation of RM324.7 million.