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Affin Hwang reported that the company’s revenue grew from RM65.0 million in 2022 to RM80.1 million in 2024, driven by higher waste volumes and stronger processing fees. Net profit also increased from RM15.4 million to RM21.8 million, supported by good cost control and solid margins of 45–50%.
The group maintained positive cash flow and a strong net cash position to fund expansion. At an IPO price of RM0.26, 5E Resources is valued at a premium to peers, backed by its growth plans.
