T7 Global Bhd - Provision of Engineering, Preparation, Removal and Disposal (EPRD) Services for South Angsi Alpha (SAA) Facilities Decommissioning Project (Client: Hibiscus Oil & Gas (M) Ltd, Dec2022-Nov2024) T7 Global Bhd delivered a revenue of RM176.4 million for the third quarter of the financial year ended 31 December 2024, representing a 28.4% growth year-on-year from RM137.4 million recorded in 2023, as the energy segment is expected to reap recurring contracts and the industrial segment to expand through strategic client engagement, according to a press statement circulated by the company on Wednesday.
For the quarter under review, T7 Global's profit after tax (PAT) grew 71.3% YoY to RM14.2 million, from RM8.3 million previously.
The cumulative year-to-date (YTD, up to September) revenue grew 36.8% YoY to RM458.9 million, from RM335.4 million in 2023. YTD PAT rose 59.0% to RM29.4 million, from RM18.5 million in the previous year.
T7 Global Group Chief Executive Officer (CEO) Tan Kay Zhuin said, "As we look to the future, we are confident in our continued success, especially within our Energy segment, bolstered by the recent award of multiple Pan-Malaysia Maintenance, Construction, and Modification (MCM) and Hook-Up and Commissioning (HUC) contracts. These long-term contracts will provide steady, recurring revenue streams, strengthening our position in the energy sector. Similarly, our Industrial Solutions segment continues to drive growth, with an expanding portfolio and strategic client relationships poised to fuel our momentum."
T7 Global is a leading Energy and Industrial solutions provider with strong presence across Asia serving diverse range of customers in the oil & gas, aerospace and general industries. Over the years, T7 Global has grown organically through smart collaboration with local and internationally renowned companies.
As at 4:47pm Nov 27, T7 Global's stock traded at RM0.51 on a volume of nearly 3.75 million1 units/shares. The current market valuation of RM0.51 is below the 24-month highs around RM0.545 recorded in May this year.
3,749,300 units/shares ︎
T7 Global Bhd——为South Angsi Alpha (SAA)设施退役项目提供工程、准备、拆除和处置(EPRD)服务(客户:芙蓉石油与天然气(M)有限公司,2022年12月至2024年11月)T7 Global Bhd在截至2024年12月31日的财政年度第三季度实现了17640万令吉的收入,较13740万令吉同比增长28.4% 根据一份新闻声明,预计能源板块将获得经常性合同,而工业板块将通过战略客户参与而扩大,因此记录在2023年该公司于周三发布。
在本报告所述季度,T7 Global的税后利润(PAT)从之前的830万令吉同比增长71.3%至1420万令吉。
年初至今(年初至今,截至9月)的累计收入从2023年的33540万令吉同比增长36.8%,至45890万令吉。年初至今的年利润率从去年的1850万令吉上涨了59.0%,至2940万令吉。
T7 Global集团首席执行官(CEO)陈凯·朱因表示:“展望未来,我们对自己的持续成功充满信心,尤其是在能源领域,这得益于最近授予的多份泛马来西亚维护、施工和改造(MCM)以及连接和调试(HUC)合同。这些长期合同将提供稳定的经常性收入来源,巩固我们在能源领域的地位。同样,我们的工业解决方案部门继续推动增长,不断扩大的产品组合和战略客户关系有望推动我们的势头。”
T7 Global是一家领先的能源和工业解决方案提供商,在亚洲拥有强大的影响力,为石油和天然气、航空航天和通用行业的不同客户提供服务。多年来,通过与本地和国际知名公司的智能合作,T7 Global实现了有机发展。
截至11月27日下午4点47分,T7 Global的股票交易价格为0.51令吉,成交量接近375万1单位/股。目前的市场估值为0.51令吉,低于今年5月创下的约0.545令吉的24个月高点。
3,749,300 个单位/股 ︎