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Elridge Energy didn't just grow; it surged. Here are the heavy-hitting numbers:
Total Revenue: Reached RM431.98 million, up from RM389.05 million in 2024.
Net Profit: Jumped by a massive 39% to RM57.31 million (compared to RM41.17 million previously).
Quarterly Win Net profit for the final quarter alone was RM17.71 million, nearly double the RM9.63 million recorded in the same period last year.
Net Assets per Share: Improved to 11.60 sen, up from 8.73 sen.
Elridge Energy, with 2024 revenue of RM389 million, recently commissioned a 20,000-tonne-per-month processing facility in Kuantan, bringing its total capacity to 100,000 tonnes per month.
Saudi Arabia's ambitious Vision 2030 renewable energy agenda is drawing international collaboration, with leading clean energy developer Green Stream LLC turning to Malaysia as a strategic hub for biomass expertise and scalable partnerships.
In a key development, Green Stream signed a Memorandum of Understanding (MoU) with ACE Market-listed Elridge Energy Holdings Bhd to explore opportunities in environmental infrastructure, biomass integration and alternative fuel solutions.
