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Revenue fell 33.7% QoQ from RM88.84M in Q1 FY2026, mainly due to the completion of several major projects. However, GP margin improved to 24.7% (+6.6 percentage points), showing better cost control and project efficiency. So basically, revenue lower, but margins stronger quite a positive sign lah
Overall 1H 2026 revenue grew 22.8% while net profit jumped 53.6%, with healthy cash flow and around RM198M cash on hand. Capacity is also set to expand from 1.44M MT to 2.16M MT, riding on growing biomass demand in Asia-Pacific. On top of that, the move into higher-margin activated carbon could be another nice growth driver
Until the funding, ownership and voting instructions behind the shares are fully explained, the PRG control bid should be treated as a takeover attempt under a serious cloud of unanswered coordination concerns
