Dear Valued Stakeholder, In FY2024, our strategic vision translated into tangible results, delivering significant value through a much-improved financial performance, an expanded international presence, and a strong track record of wins across our diversified businesses. Throughout the year, we strengthened our global footprint, made substantial strides in cost optimisation, and enhanced our technology assets to drive datadriven service excellence for our partners and customers. Our ability to thrive in a challenging operating environment reflects our commitment to impactful innovation and purposeful transformation. Our year-on-year (YoY) revenue growth of 5.9% to RM3.0 billion was strongly supported by the continued expansion of our international business. Up to 79% of new contract wins worth RM2.2 billion came from overseas markets in FY2024, underscoring our strong credibility and high value proposition to a growing customer base. Our strategic acquisition of Kaizen in UAE provides a platform for us to scale up the property management value chain in the Middle East. Major healthcare contract renewals in Singapore and Taiwan have reinforced our recurring revenue base, and we are poised to expand into premium hospitality and commercial buildings to unlock new growth opportunities. Overall, profit after tax and zakat (PAT) rose to RM51.8 million, a 72% increase compared to FY2023. Cost optimisation and technology transformation were key enablers of this performance, as we implemented strict budgetary controls, strategic procurement savings, and process automation to drive efficiency while maintaining service excellence. As a result of these initiatives, we achieved our RM100 million cost savings target under the Edgenta of the Future 2025 (EoTF2025) strategy a year ahead of schedule. Building on this momentum, we have now set an ambitious new target of RM150 million in savings by FY2029, focusing on structural efficiencies to ensure long-term sustainability and optimal resource allocation. Achieving Milestone Wins In FY2024, UEM Edgenta achieved significant milestones across its diverse business portfolio, reinforcing our position as a leading asset management and infrastructure solutions provider. We secured substantial contracts, expanded our international footprint, and demonstrated our commitment to sustainability and innovation. In Singapore, we secured five-year contracts to provide hospital support services to various hospitals, underscoring our excellent track record and competitiveness in the healthcare support service market. Our operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding our footprint in the region. UEM Edgenta achieved significant milestones across its diverse business portfolio, reinforcing our position as a leading asset management and infrastructure solutions provider. We secured substantial contracts, expanded our international footprint, and demonstrated our commitment to sustainability and innovation. Up to 79% of new contract wins worth RM2.2 billion came from overseas markets in FY2024, underscoring our strong credibility and high value proposition to a growing customer base in Singapore, Taiwan, the Kingdom of Saudi Arabia & UAE. MD/CEO’s Statement UEM EDGENTA BERHAD 32 Integrated Annual Report 2024
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