Current assets RM487mil is less than current liabilities RM534mil in latest 31 March 2025 accounts. Going concern issue?

Meaning not enough short term assets to meet obligations next 12months. Unless they liquidate properties/long term assets quickly or realising projects with big fat margins immediately.

Trade receivables also growing, can get payment soon to pay the RM303mil short term debt?
RM97mil cash & bank, but RM51mil is FD, is this collateralised against loan? and can it be uplifted when cash is needed?

Don’t get carried away by profitability.
Company want to do M&A la venture into RE / aerospace la, only means need more money… please look at the cashflow!

Share grants have caused the employees to get shares and sold to market as employment reward, at the expense of minority shareholders.

Uzma order book of RM 3–3.1 billion, with clear visibility into 2026–2027 .

Core operations split between Oil & Gas (67%) and New Energy (33%), including solar and water injection projects. The firm leads P&A services (~60% market share) and operates multiple HWUs .

In Q1 FY25, revenue jumped ~37% YoY to RM 208 m; net profit remained stable around RM 11 m .