AME Elite Consortium Bhd achieved its strongest financial performance since its Bursa Malaysia listing in 2019, driven by robust demand for industrial properties, strategic land sales to data centre operators, and recurring income growth from its investment properties and workers’ accommodation assets.
For the financial year ended March 31, 2026 (FY2026), the integrated industrial park developer recorded a record net profit of RM283.97 million, more than tripling from RM92.09 million in FY2025. Revenue increased by 59.4% year-on-year to RM970 million from RM608.57 million previously.
The exceptional performance was supported by strong industrial property sales across its key developments in Johor and Penang, together with RM65.9 million in fair value gains after tax and non-controlling interests.
AME Elite’s industrial property segment continued to benefit from rising demand for ready-built factories, logistics facilities, and industrial land, particularly from manufacturing and technology-related industries.
The company secured RM453.6 million in new sales from its flagship industrial developments in Johor, led by the highly successful i-TechValley at Southern Industrial and Logistics Clusters (SiLC).
In Penang, the group's Northern TechValley @ BKE (NTV) recorded RM137.3 million in new sales during its first full year of operations, highlighting growing demand for industrial space within the Northern Corridor. The project positions AME Elite to benefit from Penang’s expanding electronics, semiconductor, logistics, and advanced manufacturing sectors.
The property development division emerged as the largest contributor to earnings growth.
Segment revenue surged 162.8% to RM631.6 million compared with RM240.4 million a year earlier, supported by:
The increasing presence of data centre investments in Malaysia, particularly in Johor and Penang, has created additional opportunities for industrial park developers such as AME Elite to monetise strategically located industrial land.
Beyond development profits, AME Elite continues to strengthen its recurring income portfolio.
Revenue from the property investment and management segment rose 10% to RM80.7 million, supported by:
The completion of a new workers’ dormitory within i-TechValley has increased the group's accommodation capacity to more than 9,000 beds, creating a larger recurring income stream while complementing its industrial park offerings.
AME Elite’s construction and engineering segment recorded RM257.6 million in external revenue, representing a 12.6% decline from FY2025 due to project timing and construction progress recognition.
Despite the softer contribution, the division remains an important growth pillar, supported by an external construction order book valued at RM557.5 million.
The construction arm also plays a strategic role in delivering AME Elite’s industrial developments internally, allowing the group to maintain better control over project quality, cost management, and delivery schedules.
For the fourth quarter ended March 31, 2026 (4QFY2026), AME Elite reported:
The quarterly growth was driven by higher contributions from industrial property development activities, recurring rental income, and fair value gains on investment properties.
Reflecting confidence in its earnings strength and cash flow position, AME Elite declared:
This brings total FY2026 dividends to 13 sen per share, more than double the 6 sen distributed in FY2025.
The ex-dividend date is June 18, 2026, with payment scheduled for July 3, 2026.
Looking ahead, AME Elite remains well-positioned to benefit from Malaysia’s growing industrial and logistics sector.
Key growth catalysts include:
AME Elite’s FY2026 results demonstrate the strength of its integrated industrial park business model, combining industrial property development, construction services, investment properties, and workers’ accommodation. With record earnings, rising dividends, strong industrial sales in Johor and Penang, and new growth opportunities from data centre investments and Selangor expansion plans, the group is well-positioned to sustain its growth momentum in the coming years.
The performance also highlights the continued attractiveness of Malaysia’s industrial and logistics real estate sector, particularly in key growth corridors such as Johor, Penang, and Selangor, where demand from manufacturing, technology, and data centre operators remains robust.
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