Announcement • Oct 31
Alam Maritim Resources Berhad, Annual General Meeting, Dec 03, 2025 Alam Maritim Resources Berhad, Annual General Meeting, Dec 03, 2025, at 10:30 Singapore Standard Time. Location: hive 5 (enterprise 4), taman teknologi mranti, lebuhraya puchong-sungai besi, 57000 bukit jalil, kuala lumpur, Malaysia Reported Earnings • Mar 02
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: RM147.0m (up 7.8% from 2Q 2024). Net income: RM15.5m (up 481% from 2Q 2024). Profit margin: 11% (up from 2.0% in 2Q 2024). New Risk • Feb 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM38.3m (US$8.58m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-RM14m). High level of non-cash earnings (773% accrual ratio). Market cap is less than US$10m (RM38.3m market cap, or US$8.58m). Minor Risk Profit margins are more than 30% lower than last year (6.0% net profit margin). Announcement • Jan 01
Alam Maritim Resources Berhad Announces Retirement of Encik Ahmad Hassanudin Bin Ahmad Kamaluddin as Executive Director Alam Maritim Resources Berhad announced retirement of Encik Ahmad Hassanudin Bin Ahmad Kamaluddin as Executive Director . Age: 78, Gender: Male. Nationality: Malaysia. Qualifications: Degree Economy (Analytical) University of Mala. Working experience: His career in the oil and gas industry spans four decades, primarily with the national oil company, where he served in both downstream and upstream business in various senior management positions. Following his retirement in 2004, he joined the Company and served for 20 years. Date of change: January 1, 2025. Announcement • Dec 02
Alam Maritim Resources Berhad, Annual General Meeting, Dec 13, 2024 Alam Maritim Resources Berhad, Annual General Meeting, Dec 13, 2024, at 10:00 Singapore Standard Time. New Risk • Dec 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-RM14m). High level of non-cash earnings (773% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (RM46.0m market cap, or US$10.3m). Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: RM0.005 (vs RM0.002 in 1Q 2024) First quarter 2025 results: EPS: RM0.005 (up from RM0.002 in 1Q 2024). Revenue: RM194.2m (up RM164.6m from 1Q 2024). Net income: RM7.68m (up 184% from 1Q 2024). Profit margin: 4.0% (down from 9.1% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Nov 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 144% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-RM25m). High level of non-cash earnings (144% accrual ratio). Minor Risk Market cap is less than US$100m (RM53.6m market cap, or US$12.2m). New Risk • Oct 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM38.3m (US$9.18m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-RM48m). Market cap is less than US$10m (RM38.3m market cap, or US$9.18m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: RM0.025 (vs RM0.01 in FY 2023) Full year 2024 results: EPS: RM0.025 (up from RM0.01 in FY 2023). Revenue: RM364.1m (up 17% from FY 2023). Net income: RM28.7m (up 90% from FY 2023). Profit margin: 7.9% (up from 4.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
Third quarter 2024 earnings released: EPS: RM0.012 (vs RM0.013 in 3Q 2023) Third quarter 2024 results: EPS: RM0.012 (down from RM0.013 in 3Q 2023). Revenue: RM63.9m (down 51% from 3Q 2023). Net income: RM18.5m (down 5.4% from 3Q 2023). Profit margin: 29% (up from 15% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 29
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.013 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (down from RM0.013 in 2Q 2023). Revenue: RM136.4m (up 4.7% from 2Q 2023). Net income: RM2.67m (down 86% from 2Q 2023). Profit margin: 2.0% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Full year 2023 earnings released: EPS: RM0.01 (vs RM0.094 loss in FY 2022) Full year 2023 results: EPS: RM0.01 (up from RM0.094 loss in FY 2022). Revenue: RM310.6m (up 55% from FY 2022). Net income: RM15.2m (up RM154.6m from FY 2022). Profit margin: 4.9% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Alam Maritim Resources Berhad, Annual General Meeting, Dec 06, 2023 Alam Maritim Resources Berhad, Annual General Meeting, Dec 06, 2023, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial period ended 30 June 2023 (FY2022-23) together with the Reports of the Directors and Auditors thereon; to re-elect Encik Ahmad Hasanuddin B Ahmad Kamaluddin who retire pursuant to Article 100 and Article 101 of the Companys Constitution and being eligible, have offered themselves for re-election; to re-elect Mr Yap Shuh Jian who retire pursuant to Article 100 and Article 101 of the Companys Constitution and being eligible, have offered themselves for re-election; and to discuss other matters. Reported Earnings • Jun 02
Third quarter 2023 earnings released: RM0.008 loss per share (vs RM0.085 loss in 3Q 2022) Third quarter 2023 results: RM0.008 loss per share (improved from RM0.085 loss in 3Q 2022). Revenue: RM37.3m (up 21% from 3Q 2022). Net loss: RM11.5m (loss narrowed 91% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Alam Maritim Resources Berhad Announces Resignation of Ahmad Fairuz Bin Azmi as Chief Operating Officer Alam Maritim Resources Berhad announced resignation of Mr. Ahmad Fairuz Bin Azmi as chief operating officer. Date of change is 31 January 2023. Age: 40; Reason: To retire upon expiry of service contract. Qualifications: Degree, Engineering (Hons) Electronic, Staffordshire University, United Kingdom. Working experience and occupation: En. Ahmad Fairuz has more that 15 years of experience in the areas of offshore projects. He manages all the operations, which include overall planning, developing and implementing plans for effective project executions, operational and technical matters. Announcement • Jan 14
Alam Maritim Resources Berhad Announces Resignation of Siti Nurdiana Binti Md Sah as Joint Secretary Alam Maritim Resources Berhad announced resignation of Siti Nurdiana Binti Md Sah as Joint Secretary. Date of change is January 13, 2023. Announcement • Jan 04
Alam Maritim Resources Berhad Announces Resignation of Mohd Nasir Bin Noh as Chief Financial Officer Alam Maritim Resources Berhad announced resignation of MR Mohd Nasir Bin Noh as Chief Financial Officer. Age 56, Date of change 03 January 2023. Reason To retire upon expiry of service contract. Announcement • Oct 29
Alam Maritim Resources Berhad, Annual General Meeting, Dec 14, 2022 Alam Maritim Resources Berhad, Annual General Meeting, Dec 14, 2022, at 10:00 China Standard Time. Location: Multipurpose Hall, No. 38C, Level 1, Jalan Radin Anum, Bandar Baru Sri Petaling Kuala Lumpur Malaysia Reported Earnings • Sep 02
Full year 2022 earnings released: RM0.086 loss per share (vs RM0.085 loss in FY 2021) Full year 2022 results: RM0.086 loss per share (down from RM0.085 loss in FY 2021). Revenue: RM185.3m (up 29% from FY 2021). Net loss: RM127.2m (loss widened 7.2% from FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: RM0.11 loss per share (down from RM0.097 loss in FY 2020). Revenue: RM145.6m (down 43% from FY 2020). Net loss: RM156.3m (loss widened 31% from FY 2020). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 347%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: RM0.003 loss per share (up from RM0.008 loss in 3Q 2020). Revenue: RM67.4m (up 172% from 3Q 2020). Net loss: RM4.75m (loss narrowed 57% from 3Q 2020). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 347%. Earnings per share (EPS) surpassed analyst estimates by 347%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Executive Departure • Sep 14
Assistant GM of Group Corporate Services & Joint Company Secretary Nuranisma binti Ahmad has left the company On the 10th of September, Nuranisma binti Ahmad's tenure as Assistant GM of Group Corporate Services & Joint Company Secretary ended after 5.0 years in the role. We don't have any record of a personal shareholding under Nuranisma's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.50 years. Reported Earnings • Jul 01
First quarter 2021 earnings released: RM0.007 loss per share (vs RM0.021 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: RM15.1m (down 86% from 1Q 2020). Net loss: RM9.73m (loss narrowed 57% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: RM0.093 loss per share (vs RM0.084 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: RM248.4m (down 19% from FY 2019). Net loss: RM115.5m (loss widened 45% from FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Mar 03
Alam Maritim Resources Berhad Appoints Encik Shamsul Bin Saad as Deputy Chief Executive Officer Alam Maritim Resources Berhad appointed Encik Shamsul Bin Saad as Deputy Chief Executive Officer of the company. Date of change was 01 March 2021. He was Group Managing Director of Daya Materials Berhad. Announcement • Feb 27
Alam Maritim Resources Berhad Appoints Datuk Azmi Bin Ahmad as Executive Member of Risk Committee Alam Maritim Resources Berhad appointed DATUK AZMI BIN AHMAD as Executive Member of Risk Committee. Date of change: 26 February 2021. Reported Earnings • Dec 01
Third quarter 2020 earnings released: RM0.008 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: RM24.8m (down 78% from 3Q 2019). Net loss: RM11.0m (down RM11.5m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Oct 15
Alam Maritim Resources Berhad Announces the Resignation of Encik Mohammad Suhaimi Bin Mohd Yasin as Independent and Non Executive Director, Chairman of Risk Committee, Member of Remuneration Committee, Audit Committee and Nomination Committee Alam Maritim Resources Berhad announced the resignation of Encik Mohammad Suhaimi Bin Mohd Yasin as Independent and Non Executive Director, Chairman of Risk Committee, Member of Remuneration Committee, Audit Committee and Nomination Committee effective October 13, 2020.