KUALA LUMPUR, 27 November 2025 – Elridge Energy Holdings Berhad (Elridge Energy Group) today announced its financial results for the third quarter ended 30 September 2025 (“Q3 2025”).
For Q3 2025, the Group recorded revenue of RM104.84 million, a slight increase from RM102.92 million in the corresponding quarter of 2024.
Profit before tax rose to RM17.61 million compared to RM12.67 million in Q3 2024, while net profit increased to RM13.59 million, up from RM8.88 million last year.
On a cumulative basis for the nine months ended 30 September 2025, revenue grew 8.6% year-on-year to RM318.65 million, compared to RM293.51 million previously.
Net profit for the period improved to RM39.60 million, compared to RM31.54 million in the same period last year.
Basic earnings per share stood at 0.68 sen for Q3 2025 and 1.98 sen for the nine-month period, compared to 0.44 sen and 1.58 sen, respectively, in the previous year.
Oliver Yeo, Executive Director and Chief Executive Officer of Elridge Energy Holdings Berhad, said, “Our third quarter results highlight the continued strength of our biomass operations, supported by stable demand across our markets.
Elridge Energy revenue growth
“The stronger earnings reflect firmer product margins and our ongoing focus on operational discipline.”
Palm Kernel Shells (PKS) remained the cornerstone of the Group’s operations, contributing RM93.79 million or 89.5% of Q3 2025 revenue, up from RM88.79 million a year ago. Wood pellets contributed RM11.05 million.
The Group continues to supply biomass fuel products to customers across the region. Japan remains one of its key export destinations, supported by consistent demand from biomass power producers.
At the recent COP30 summit, Japan participated in the Belém 4X initiative, a multilateral effort aimed at quadrupling the supply of sustainable fuels including biofuels.
The Group is progressing with its planned production capacity expansion, which includes new facilities in Kuantan, Pahang; Pasir Gudang, Johor; and Lahad Datu, Sabah. Each site will house two PKS production lines with a combined annual output of 240,000 metric tonnes.
“These additions to our footprint are designed to align with our long-term operational needs and to maintain our capacity to serve customer demand,” Oliver concluded.
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