UUE Holdings Bhd posted a sharp 118.8% year-on-year surge in profit after tax (PAT) to RM7.5 million for its fourth quarter ended Feb 28, 2026, driven by stronger execution across core projects and improved regional contributions.
Quarterly revenue rose 40.4% to RM58.9 million, supported by robust growth in its underground utilities engineering segment (34.6%) and HDPE pipe manufacturing business (101.6%). Contributions from Singapore projects also strengthened significantly, with revenue jumping eight-fold to RM9.5 million despite currency headwinds.
For the full financial year, revenue climbed 22.9% to RM209 million, anchored by the core utilities engineering segment, which expanded 26.5% and accounted for nearly 90% of total revenue.
Excluding one-off ESOS expenses of RM12.5 million, the group recorded an adjusted PAT of RM21.7 million for FY26.
UUE’s order book stood at a healthy RM536.4 million, providing solid earnings visibility. During the year, the group secured two subsea horizontal directional drilling contracts, marking its entry into a new segment, alongside its first EPCC contract for a 33kV and low-voltage electrical supply system.
Managing Director Datuk Dr Ting Kok Hwa said the strong performance was driven by improved execution in both Malaysia and Singapore, with the latter seeing a notable turnaround as project momentum picked up.
Looking ahead, he highlighted that the group remains cautiously optimistic amid geopolitical uncertainties, while focusing on execution and replenishing its order book to sustain long-term growth.
