Kuala Lumpur, 22 May 2026 – Avangaad Berhad opened FY2026 on a stronger footing, with profit after tax and minority interests rising 9% year-on-year to RM5.1 million for the first quarter ended 31 March 2026, supported by stronger order book replenishment, disciplined cost management and continued balance sheet deleveraging.
The marine services group, which positions itself as a Marine COP covering coordinator, operator and partner roles, recorded revenue of RM31.3 million for 1QFY26. This represented a 4% increase from RM30.0 million in the corresponding quarter a year earlier. Profit before tax rose at a faster pace, increasing 17% year-on-year to RM6.4 million, reflecting improved operational efficiency and tighter cost controls.
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