EPIC Berhad concluded its 44th Annual General Meeting (AGM), chaired by Director YB Datuk Ahmad Amzad bin Mohamed @ Hashim, representing Chairman YAB Dato’ Seri Ir. Dr. Ahmad Samsuri bin Mokhtar. All resolutions tabled at the meeting were approved by the attending shareholders.

At the AGM, EPIC Berhad presented its audited financial results for the financial year ended 31 December 2024 (FY2024), reporting a strong performance across key financial metrics. The Group recorded a revenue of RM403.8 million, a 17.4% increase from RM344.0 million in FY2023. This growth showcases the Group’s ability to navigate evolving industry dynamics while maintaining a solid business foundation.

Gross Profit rose to RM164.8 million, compared to RM129.8 million in the previous year, driven by improved the Group’s agility, operational efficiency, and sustainable business fundamentals. A notable highlight was the Group’s Profit After Tax (PAT), which nearly doubled to RM16.6 million from RM8.9 million in the previous year. This remarkable performance was attributed to increased productivity and prudent cost management across its subsidiaries.

Building on this momentum, EPIC Berhad has set ambitious financial targets for FY2025, underpinned by several key developments. The Group secured two major contracts from PETRONAS in 2024. The first is for the provision of Pan Malaysia Maintenance, Commissioning, and Modification (MCM) and Hook-Up and Commissioning (HUC) services for Package A2 – Peninsular Malaysia Asset (PMA) – Gas, awarded for a 5+3+2-year period. The second contract appoints EPIC Berhad as a panel contractor for PETRONAS’ Downstream Operating Units under the Provision of Panel Contractors for Construction and Modifications Works (CMW) across three regions – East Coast, West Coast, and Southern region of Peninsular Malaysia – for a 3+1+1-year period.

Additionally, the strategic acquisition of Rahar Niaga Sdn Bhd (RNSB) in January this year has expanded EPIC Berhad’s footprint in the marine fuel and bunkering segment, unlocking new revenue opportunities and enhancing integrated service offerings at Kemaman Port.

With a clear strategic roadmap, strengthened fundamentals, and an unwavering focus on value creation, EPIC Berhad is well-positioned to capitalise on emerging opportunities within the energy and industrial sectors. The Group remains committed to delivering sustainable growth, reinforcing stakeholder trust, and advancing its role as a key enabler in Malaysia’s oil and gas ecosystem.