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Thursday, 22 October 2026

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Elsa’s Post-IPO Balance Sheet Supports Technology-Led OGSE Expansion

By TLA AI Editor3 min read

Kuala Lumpur, 27 August 2026 – Elsa Berhad entered the second half of its financial year with a stronger revenue base and a balance sheet positioned to support technology-led expansion. The newly listed oil and gas services provider reported RM97.5 million in revenue for the six months ended 30 June 2026. Normalised profit before tax stood at RM4.2 million, while normalised profit after tax reached RM2.8 million after excluding RM3.3 million in one-off listing expenses.

The quarterly progression offered a clearer view of operating momentum. Revenue for the second quarter rose 9.4% from the preceding three months to RM50.92 million, compared with RM46.55 million previously. Normalised quarterly profit before tax was RM2.1 million and profit after tax was RM1.4 million, indicating that the underlying business remained profitable despite costs associated with Elsa’s ACE Market debut on 16 June.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.