Kuala Lumpur, 28 August 2026 – Azam Jaya Berhad (AJB) has provided an update on its efforts to meet the Public Shareholding Spread (PSS) requirement under Bursa Malaysia’s Main Market Listing Requirements.
At the Extraordinary General Meeting held on 24 July 2026, shareholders approved, among other proposals, the Proposed Private Placement and the Proposed Employees’ Share Option Scheme (ESOS).
The Proposed Private Placement forms part of the Company’s strategy to address its current public shareholding shortfall and facilitate compliance with Bursa Malaysia’s public shareholding requirements. AJB is currently identifying suitable investors for the placement exercise.
Based on the Record of Depositors as of 26 August 2026, the Company’s public shareholding spread stood at 20.65%.
AJB remains committed to implementing the necessary measures to improve its public shareholding spread and will continue to provide updates on its compliance status as required by Bursa Malaysia.
Financial Highlights for the Second Quarter Ended 30 June 2026
For the second quarter of FY2026, AJB recorded:
- Revenue: RM77.3 million, compared with RM43.1 million in the corresponding quarter of 2025.
- Loss Before Tax: RM3.2 million, compared with a profit before tax of RM3.5 million in the same period last year.
- Net Loss: RM2.7 million, compared with a net profit of RM2.4 million in the corresponding quarter of 2025.
- Basic Loss Per Share: 0.53 sen.
For the six-month period ended 30 June 2026:
- Revenue: RM140.3 million, compared with RM101.7 million in the corresponding period of 2025.
- Loss Before Tax: RM3.3 million, compared with a profit before tax of RM5.7 million previously.
- Net Loss: RM3.0 million, compared with a net profit of RM2.9 million in the corresponding period of 2025.
- Net Assets Per Share: RM0.34.
No dividend was declared for the period.
Looking Ahead
Despite higher revenue growth during the first half of FY2026, the Group recorded losses for the quarter and year-to-date period. AJB continues to focus on strengthening its financial position, enhancing shareholder spread, and advancing initiatives approved by shareholders to support its long-term growth strategy.
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