Kuala Lumpur, 26 February 2026 – AIZO Group Berhad (“AIZO” or the “Company”) posted a return to profitability in the second quarter ended 31 December 2025 (Q2 FY2026), recording revenue of RM38.23 million, a 24.0% increase from RM30.82 million in the corresponding quarter last year.
Gross profit stood at RM4.26 million, compared to RM4.69 million previously, reflecting margin pressures within the Group’s bituminous division amid softer global bitumen prices.
Despite these headwinds, AIZO achieved a profit before tax (PBT) of RM1.78 million, reversing a loss before tax of RM1.55 million recorded in Q2 FY2025. Profit after tax (PAT) came in at RM1.56 million, marking a significant turnaround from the RM2.53 million loss posted a year earlier.
Civil Engineering and One-Off Gains Drive Turnaround
The improved quarterly performance was primarily driven by stronger work volumes at the Selinsing Gold Mine under the civil engineering segment, enhanced plant availability in the energy division, and the recognition of a one-off waiver of debts during the quarter.
On a quarter-on-quarter basis, revenue increased 12.6% from RM33.94 million in Q1 FY2026 to RM38.23 million. The civil engineering segment led growth, with revenue rising to RM29.51 million from RM22.12 million in the preceding quarter, supported by higher production volumes at Selinsing.
However, the bituminous products segment recorded revenue of RM6.91 million, lower than RM9.66 million in Q1 FY2026 due to declining global bitumen prices, which pressured selling prices. The energy segment registered revenue of RM1.66 million, down from RM2.10 million, mainly attributable to seasonal monsoon conditions affecting generation output.
Despite the mixed segmental performance, the Group delivered a PBT of RM1.78 million compared to a loss before tax of RM1.42 million in Q1 FY2026. Adjusted EBITDA for the quarter turned positive at approximately RM1.2 million, signalling strengthening operational fundamentals.
Six-Month Performance Reflects Recovery Trajectory
For the cumulative six-month period ended 31 December 2025, AIZO recorded revenue of RM72.17 million and a marginal loss after tax of RM0.31 million, indicating a continued recovery compared to prior loss-making periods.
Executive Director Ahmad Rahizal Bin Dato’ Ahmad Rasidi said Q2 FY2026 marked an important inflection point for the Group.
“Q2 FY2026 marks an important inflection point for AIZO as we returned to profitability. The stronger civil engineering output and improved operational efficiency across our segments demonstrate that the restructuring and cost discipline measures implemented earlier are beginning to deliver measurable results,” he said.
He added that while certain divisions remain sensitive to commodity price movements and seasonal factors, the Group’s diversified structure is providing improved earnings stability.
Balance Sheet Strength and Outlook
As at 31 December 2025, AIZO reported total assets of RM181.30 million and total equity of RM82.98 million, with borrowings managed prudently.
Looking ahead, the Group remains cautiously optimistic amid Malaysia’s improving macroeconomic environment, underpinned by steady GDP expansion, resilient private consumption and stable inflation.
AIZO plans to continue prioritising operational efficiency, disciplined capital expenditure and progress acceleration across its civil works, bituminous manufacturing and renewable energy operations as it advances through FY2026.
