DailySpaceElridge Energy Holdings Berhad
0318 · ACE Market创业板（ACE Market） · annual reports 2024 to 2025, 588 entries read2024 至 2025 年报，共读出 588 条
The company这家公司
Elridge Energy manufactures and trades biomass fuels, particularly palm kernel shells (PKS) and wood pellets. These fuels are used in power plants and industrial boilers. Bio Eneco Sdn Bhd is its wholly owned subsidiary.Elridge Energy 生产及买卖生物质燃料，主要是棕榈仁壳（PKS）和木颗粒。这些燃料用于发电厂和工业锅炉。Bio Eneco Sdn Bhd 是其全资子公司。
Source: annual report 2024, pages 26, 34.出处：2024 年年报第 26、34 页。
PKS manufacturing contributed RM388.6 million of revenue in 2025, compared with RM331.3 million in 2024. Trading and manufacturing of wood pellets contributed RM43.3 million, compared with RM57.7 million.2025 年，PKS 制造业务贡献营业额 RM388.6 百万，2024 年为 RM331.3 百万。木颗粒贸易及制造业务贡献 RM43.3 百万，上年为 RM57.7 百万。
Source: annual report 2025, page 30.出处：2025 年年报第 30 页。
The 2024 report recorded three customers whose individual revenue contributions were at least 10% of group revenue.2024 年报记录了三名客户，各自贡献集团营业额至少 10%。
Source: annual report 2024, page 106; annual report 2025, page 118.出处：2024 年年报第 106 页；2025 年年报第 118 页。
The 2025 report gives Telok Gong and Kapar a combined annual production capacity of approximately 960,000 metric tonnes. It also reports the commencement of facilities in Kuantan and Pasir Gudang, each adding approximately 240,000 metric tonnes of annual capacity. Kuantan began operations in February 2026; Lahad Datu remained at the planning stage.2025 年报列明，Telok Gong 和 Kapar 的合计年产能约为 960,000 公吨。年报也报告 Kuantan 和 Pasir Gudang 的设施已开始运作，各增加约 240,000 公吨年产能。Kuantan 于 2026 年 2 月开始运作；Lahad Datu 仍处于规划阶段。
Source: annual report 2025, pages 29, 31, 39.出处：2025 年年报第 29、31、39 页。
The 2025 shareholding list names MIKRO MSC BERHAD with 412,499,800 shares (20.62%), KAYAVEST SDN. BHD. with 117,320,400 shares (5.87%) and BIO ENECO HOLDING SDN. BHD. with 18,099,800 shares (0.90%). The account named YEO HOCK CHEONG holds 20,000,000 shares (1.00%).2025 年股东名单列出：MIKRO MSC BERHAD 持有 412,499,800 股（20.62%），KAYAVEST SDN. BHD. 持有 117,320,400 股（5.87%），BIO ENECO HOLDING SDN. BHD. 持有 18,099,800 股（0.90%）。名为 YEO HOCK CHEONG 的账户持有 20,000,000 股（1.00%）。
Source: annual report 2025, pages 128, 129.出处：2025 年年报第 128、129 页。
The 2024 report's list of subsidiary directors records Cheah Lay Fong as having resigned on 02.01.2024.2024 年报的子公司董事名单记载，Cheah Lay Fong 于 02.01.2024 辞任。
Source: annual report 2024, page 69.出处：2024 年年报第 69 页。
Revenue by country, 20252025 年按国家划分的营业额
Source: annual report 2025, page 118.出处：2025 年年报第 118 页。
Major events大事记
Source: annual report 2024, page 26.出处：2024 年年报第 26 页。
Source: annual report 2024, page 114.出处：2024 年年报第 114 页。
Source: annual report 2024, page 28.出处：2024 年年报第 28 页。
Source: annual report 2024, pages 114, 184.出处：2024 年年报第 114、184 页。
Source: annual report 2025, page 39.出处：2025 年年报第 39 页。
Source: annual report 2025, page 64.出处：2025 年年报第 64 页。
Source: annual report 2025, page 125.出处：2025 年年报第 125 页。
Source: annual report 2025, page 39.出处：2025 年年报第 39 页。
Source: annual report 2025, page 64.出处：2025 年年报第 64 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings资产、权益与借款
20242024 年
Operations generated RM5.3 million of cash, and purchases of property, plant and equipment used RM7.0 million. Borrowings drawn were RM162.4 million and repayments were RM141.9 million. Lease principal repayments were RM5.8 million. The public share issue raised RM101.5 million before expenses; the cash flow statement records RM98.5 million from share capital issued. The acquisition of Bio Eneco Sdn. Bhd. was paid for through the issue of 1,649,999,000 shares for RM35.0 million.营运产生现金 RM5.3 百万，购买物业、厂房及设备支出 RM7.0 百万。提取借款 RM162.4 百万，偿还借款 RM141.9 百万。租赁本金偿还额为 RM5.8 百万。公开发行新股在扣除费用前筹得 RM101.5 百万；现金流量表记录发行股本所得现金为 RM98.5 百万。收购 Bio Eneco Sdn. Bhd. 以发行 1,649,999,000 股支付，代价为 RM35.0 百万。
Source: annual report 2024, pages 68, 82, 83, 96, 98.出处：2024 年年报第 68、82、83、96、98 页。
20252025 年
Operations generated RM18.0 million of cash. Purchases of property, plant and equipment used RM15.3 million. Borrowings drawn were RM255.2 million and repayments were RM235.5 million. Lease principal repayments were RM6.7 million, with RM1.0 million of interest paid separately. Financing activities provided RM12.0 million of net cash. There was no change in issued share capital during the year.营运产生现金 RM18.0 百万。购买物业、厂房及设备支出 RM15.3 百万。提取借款 RM255.2 百万，偿还借款 RM235.5 百万。租赁本金偿还额为 RM6.7 百万，另支付利息 RM1.0 百万。融资活动带来现金净额 RM12.0 百万。年内已发行股本没有变动。
Source: annual report 2025, pages 81, 94, 95.出处：2025 年年报第 81、94、95 页。
Across the years跨年合看
Cash and bank balances rose from RM46.3 million in 2023 to RM109.4 million in 2024 and RM123.7 million in 2025. Borrowings rose from RM27.6 million to RM48.1 million and then RM67.7 million. Both the 2024 and 2025 reports state that no dividends had been paid or declared since the previous financial year end. The 2025 report says there is no formal dividend policy.现金与银行结余由 2023 年的 RM46.3 百万增至 2024 年的 RM109.4 百万及 2025 年的 RM123.7 百万。借款由 RM27.6 百万增至 RM48.1 百万，再增至 RM67.7 百万。2024 及 2025 年报均表示，自上一个财政年度结束以来没有支付或宣布股息。2025 年报表示，公司没有正式股息政策。
Source: annual report 2024, page 68; annual report 2025, pages 28, 81.出处：2024 年年报第 68 页；2025 年年报第 28、81 页。
Still to be spent尚待支出
The 2025 report shows RM55.3 million of unused IPO proceeds: RM47.0 million for the Kuantan factory and warehouse project, including land, and RM8.3 million for machinery and equipment. The revised utilisation periods are 27 months for land, 48 months for construction and 36 months for machinery, measured from listing. The working capital allocation had no unused balance.2025 年报列出尚未使用的 IPO 所得款项 RM55.3 百万：RM47.0 百万用于 Kuantan 厂房及仓库项目，包括土地；RM8.3 百万用于机械及设备。修订后的使用期限从上市日起计算，土地为 27 个月，建筑工程为 48 个月，机械为 36 个月。营运资金分配已无未使用余额。
Source: annual report 2025, page 64.出处：2025 年年报第 64 页。
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2023 | 2024 | 2025 |
|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 335,250,677 | 389,053,990 | 431,976,182 |
| Profit before taxation税前盈利 | 27,979,637 | 56,354,108 | 75,900,330 |
| Profit after taxation税后盈利 | 23,565,047 | 41,165,155 | 57,310,594 |
| Net cash from operating activities营运活动所得现金净额 | 19,215,923 | 5,324,687 | 18,022,056 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (677,993) | (7,034,173) | (15,288,753) |
| Net cash from financing activities融资活动所得现金净额 | 3,637,256 | 112,060,083 | 11,957,521 |
| Total assets总资产 | 123,795,858 | 266,410,059 | 364,393,629 |
| Borrowings借款 | 27,600,633 | 48,069,277 | 67,718,259 |
| Cash and bank balances现金与银行结余 | 46,300,747 | 109,405,180 | 123,652,425 |
| Total equity总权益 | 35,032,314 | 174,699,106 | 232,009,700 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| The 2024 report planned new production centres in Kuantan, Pasir Gudang and Lahad Datu.2024 年报计划在 Kuantan、Pasir Gudang 和 Lahad Datu 建设新的生产中心。 | The 2025 report records commencement at Kuantan and Pasir Gudang. It dates Kuantan's start to February 2026. Lahad Datu remained in planning.2025 年报记录 Kuantan 和 Pasir Gudang 已开始运作，并列明 Kuantan 于 2026 年 2 月启动。Lahad Datu 仍处于规划阶段。 Source: annual report 2024, page 28; annual report 2025, pages 29, 31, 39.出处：2024 年年报第 28 页；2025 年年报第 29、31、39 页。 | Two facilities started; Lahad Datu planned两处已启动；Lahad Datu 仍在规划 |
| The 2024 report allocated RM21.1 million of IPO proceeds to machinery and equipment, to be used within 18 months of listing.2024 年报分配 IPO 款项 RM21.1 百万用于机械及设备，计划在上市后 18 个月内使用。 | The 2025 report shows RM12.8 million used and RM8.3 million unused. On 16 February 2026, the company extended the period to 36 months from listing.2025 年报列出已使用 RM12.8 百万，尚未使用 RM8.3 百万。公司于 2026 年 2 月 16 日将期限延长至上市后 36 个月。 Source: annual report 2024, page 53; annual report 2025, page 64.出处：2024 年年报第 53 页；2025 年年报第 64 页。 | Spending incomplete; deadline extended尚未用完；期限已延长 |
| The 2024 report allocated RM20.0 million to land acquisition within 15 months of listing and RM27.0 million to construction within 36 months.2024 年报分配 RM20.0 百万用于购地，计划在上市后 15 个月内使用；另分配 RM27.0 百万用于建筑工程，期限为 36 个月。 | The 2025 report shows both allocations unused. Their utilisation periods were extended to 27 months for land and 48 months for construction.2025 年报显示两项分配均未使用。购地款项的使用期限延长至 27 个月，建筑工程款项延长至 48 个月。 Source: annual report 2024, page 53; annual report 2025, page 64.出处：2024 年年报第 53 页；2025 年年报第 64 页。 | Allocations unused; deadlines extended款项未使用；期限已延长 |
| The 2024 report allocated RM27.1 million of IPO proceeds to working capital, with a utilisation period of 12 months from listing.2024 年报分配 IPO 款项 RM27.1 百万用于营运资金，使用期限为上市后 12 个月。 | The 2025 report records RM27.6 million used for working capital and no unused balance. Surplus listing-expense proceeds had been reallocated to working capital.2025 年报记录营运资金已使用 RM27.6 百万，没有未使用余额。上市费用的剩余款项已重新分配至营运资金。 Source: annual report 2024, page 53; annual report 2025, page 64.出处：2024 年年报第 53 页；2025 年年报第 64 页。 | Allocation used款项已用完 |
| The 2024 report said a sustainability committee and policy were being established for introduction in future reporting cycles.2024 年报表示，正在建立可持续发展委员会和政策，计划在未来报告周期推出。 | The 2025 report says a Sustainability Policy was developed. Finalisation and Board approval were planned for FY2026. It does not confirm establishment of the committee.2025 年报表示，已制定 Sustainability Policy，计划于 FY2026 定稿并取得董事会批准。年报没有确认委员会已经成立。 Source: annual report 2024, page 32; annual report 2025, page 45.出处：2024 年年报第 32 页；2025 年年报第 45 页。 | Policy developed; approval pending政策已制定；待批准 |
What the reports leave open年报留下待看的事
- Lahad Datu remained at the planning stage in the 2025 report. The report gives no commencement date.2025 年报中的 Lahad Datu 仍处于规划阶段，年报没有给出开始运作的日期。
Source: annual report 2025, page 29.出处：2025 年年报第 29 页。
- RM55.3 million of IPO proceeds remained unused in the 2025 report, including RM47.0 million for the Kuantan factory and warehouse project and RM8.3 million for machinery and equipment.2025 年报列出的未使用 IPO 款项为 RM55.3 百万，包括 Kuantan 厂房及仓库项目的 RM47.0 百万，以及机械及设备的 RM8.3 百万。
Source: annual report 2025, page 64.出处：2025 年年报第 64 页。
- Borrowings of RM67.7 million were due within one year.借款 RM67.7 百万须在一年内偿还。
Source: annual report 2025, pages 112, 120.出处：2025 年年报第 112、120 页。
- Biochar and activated carbon remained under evaluation in the 2025 report. The company did not expect these initiatives to make a material contribution in the immediate term.2025 年报中的生物炭和活性炭项目仍处于评估阶段。公司当时预计这些项目短期内不会带来重大贡献。
Source: annual report 2025, page 33.出处：2025 年年报第 33 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-30.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-30。