Eden Inc's 3Q earnings leap to RM2.52mil despite lower revenue

KUALA LUMPUR: Eden Inc Bhd is looking forward to a satisfactory performance in its financial year ending June 30, 2025 (FY25), following a positive set of results in its recent third quarter (3QFY25).

The energy, F&B and tourism group recorded a net profit of RM2.52mil in 3QFY25 as compared to RM1.61mil in the year-ago quarter, translating to an earnings per share of 0.5 sen against 0.35 sen previously.

The group reported revenue of RM34.84mil, which was lower than RM47.51mil in the same quarter in 2024.

According to Eden, the improved bottomline was owing primarily to the higher electricity output at the Sungai Kenerong facility.

It said the energy segment recorded a 29% increase in segmental pre-tax profit to RM4.62mil, reflecting stronger performance from its Sungai Kenerong hydropower operations.

The F&B and tourism segment also sustained its positive momentum, with segmental pre-tax profit increasing 20% to RM1.64mil, fuelled by revenue growth over the comparative quarter, mainly supported by contributions from Underwater World Langkawi’s aquarium and retail operations.

Over the nine months period, the group's net profit came to RM10.61mil against RM4.19mil in 9MFY24, despite a dip in revenue to RM100.12 mil from RM134.16mil previously.