Velesto Energy Berhad Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

May 04, 2025

Velesto Energy Berhad (KLSE:VELESTO) Full Year 2024 Results

Key Financial Results

Revenue: RM1.36b (up 12% from FY 2023).
Net income: RM207.7m (up 109% from FY 2023).
Profit margin: 15% (up from 8.2% in FY 2023). The increase in margin was driven by higher revenue.
EPS: RM0.025 (up from RM0.012 in FY 2023).

We've discovered 2 warning signs about Velesto Energy Berhad. View them for free.

earnings-and-revenue-history — KLSE:VELESTO Earnings and Revenue History May 4th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Velesto Energy Berhad EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.

Looking ahead, revenue is expected to fall by 8.9% p.a. on average during the next 3 years compared to a 2.4% decline forecast for the Energy Services industry in Malaysia.

Performance of the Malaysian Energy Services industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

Be aware that Velesto Energy Berhad is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.