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NEXGRAM Holdings Bhd slipped into a net loss in its third quarter ended April 30, 2026 (3Q26), as higher corporate exercise costs and weaker margins offset stronger revenue from its ICT business.

The group recorded revenue of RM16.07 million for the quarter, up 28.1% from the preceding quarter, driven mainly by higher activity in its ICT Malaysia segment, which remained the group’s core earnings contributor.

However, Nexgram posted a net loss of RM3.54 million, reversing a profit of RM1.05 million in the previous quarter, as operating expenses surged to RM5.38 million from RM1.85 million.

The group said the higher costs were mainly due to expenses related to its debt settlement scheme, fundraising exercises, business development initiatives and other corporate restructuring activities, alongside increased administrative costs.

Gross profit declined to RM3.48 million from RM4.26 million previously, with margins narrowing to 21.6% from 33.9%, reflecting a less favourable project mix and higher direct project costs.

Segmentally, ICT Malaysia remained the main earnings driver with RM5.78 million in pre-tax profit, but this was offset by losses from the investment holding, property investment and renewable energy segments.

The renewable energy unit was impacted by fundraising and development-related costs, while the property investment segment was weighed down by finance costs.

Nexgram said several corporate proposals, including its revised debt settlement scheme, bonus warrant issuance and business diversification into hotel services, remain pending approval from Bursa Malaysia.

The group clarified that no prior-year figures were presented in the headline summary table, although management provided year-on-year and sequential comparisons in the notes.

The proposals form part of its ongoing efforts to strengthen its capital structure and support long-term business expansion.

Nexgram said it remains cautiously optimistic, supported by opportunities arising from Malaysia’s National Energy Transition Roadmap, digitalisation initiatives and data centre expansion.

It also highlighted that its acquisition of GAD Energy Sdn Bhd is expected to strengthen its renewable energy capabilities by building in-house EPCC capacity and enhancing participation in large-scale green infrastructure projects.

The acquisition includes a four-year profit guarantee of RM20 million, which is expected to provide earnings stability going forward.

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MALAYSIAN small and medium enterprises (SMEs) seeking government contracts are set to gain improved access to financing, training and business support following a strategic collaboration between Microleap PLT, Commerce Access Sdn Bhd (CASB) and Halal Development Corporation Bhd (HDC).

The initiative aims to strengthen SMEs’ financing readiness and raise awareness of funding solutions under the SARANA Programme, which supports eligible contractors undertaking government-related projects through Securities Commission Malaysia-regulated peer-to-peer (P2P) financing platforms.

Under the programme, SMEs often face working capital constraints when mobilising projects, purchasing materials and managing operational costs before receiving payments from government agencies.

The collaboration brings together financing solutions, capacity-building initiatives and ecosystem support to help SMEs better secure and execute government contracts.

As a participating P2P financing platform under SARANA, Microleap provides shariah-compliant financing solutions including invoice financing to support post-project cash flow, as well as contract financing to assist with upfront working capital needs.

The initiative will include four regional workshops across the Klang Valley, Johor, Penang and Sarawak, starting with the first session at HDC headquarters on July 28, 2026.

The workshops will focus on government procurement processes, financing readiness and project execution, alongside guidance on available funding options under the SARANA framework.

Microleap CEO Tunku Danny Nasaifuddin Mudzaffar said the collaboration aims to bridge financing gaps faced by SMEs and improve their participation in government projects.

CASB CEO Puan Hajah Afidah Kamaruddin said the programme will help strengthen SME readiness for government contracting opportunities through improved operational and customer engagement capabilities.

The organisers expect the workshops to engage hundreds of SMEs nationwide and enhance awareness of financing solutions available under the SARANA Programme.

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I-BHD is accelerating the transformation of i-City into an artificial intelligence (AI)-driven urban ecosystem, as it looks to unlock new long-term growth opportunities anchored on technology, property and recurring income streams.

The group said i-City is being repositioned as an integrated urban platform where real estate, digital infrastructure and intelligent systems operate in a unified environment, with AI and automation embedded across building management, mobility, lifestyle services and commercial operations.

The strategy was outlined at its 59th annual general meeting alongside a stronger FY2025 performance, where revenue rose 45% to RM322.7 million while profit before tax surged 74% to RM74.6 million, driven by contributions from property development, hospitality, leisure and investment segments.

I-Bhd said the stronger results reflect a more diversified earnings base, with non-property segments playing an increasingly important role as the group transitions towards a destination-led and experience-driven ecosystem.

A key pillar of its next phase is the rollout of the AI World Experience Centre (AIWEC), which integrates artificial intelligence and robotics into real-world urban applications within i-City.

The group is also advancing its AI ecosystem through collaborations with Mesiniaga Bhd, Singapore’s TwinMatrix and China’s AgiBot to embed robotics, AI agents and intelligent building systems into a unified urban framework.

It said the “AI Living” concept will be a flagship residential development integrating AI and robotics across homes to coordinate wellness features, building systems and automation in real time, moving beyond conventional smart-home concepts.

The group noted that its remaining development pipeline of about RM5 billion will support the expansion of this AI ecosystem strategy, which is expected to diversify income beyond traditional property development and strengthen i-City’s positioning as an innovation-led urban destination.

Its non-executive chairman Tan Sri Lim Kim Hong said the group is focused on disciplined execution while investing in long-term structural opportunities, adding that the future lies in creating living environments where property, technology and user experience are fully integrated.

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ADVANCECON Holdings Bhd has entered into a memorandum of understanding (MOU) with Teras Impiana Sdn Bhd to jointly explore opportunities across construction, infrastructure, engineering, industrial and mission-critical projects.

In a statement, Advancecon said its wholly-owned subsidiary Advancecon Infra Sdn Bhd will collaborate with Teras Impiana to identify and pursue potential projects where civil engineering and earthworks capabilities can be integrated with specialised engineering, procurement, construction and commissioning (EPCC) and mechanical and electrical (M&E) expertise.

The 12-month MOU will serve as a framework for both parties to evaluate joint tendering opportunities and potential project participation, with any formal arrangements to be finalised through definitive agreements.

The collaboration comes as Malaysia continues to see rising demand for data centres, semiconductor-related facilities, advanced manufacturing plants and clean energy infrastructure, all of which require integrated civil and technical engineering capabilities.

Advancecon said the partnership is intended to strengthen its value chain proposition by combining site preparation and infrastructure works with high-specification M&E systems, particularly for mission-critical developments.

The group also noted potential synergies with its Silver Valley Technology Park development, where integrated design-and-build solutions could be offered to prospective investors.

Its MD Phum Boon Eng said the collaboration marks a strategic step to broaden the group’s participation in infrastructure-adjacent opportunities, while Teras Impiana managing director Ir Bavananthan said the partnership would enable both parties to deliver more integrated solutions for complex projects.

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NUENERGY Holdings Bhd has again extended the completion deadline for its RM68 million acquisition of solar assets from Armani Energy Sdn Bhd by another three months, as two electricity supply contracts remain pending transfer.

In a Bursa Malaysia filing today, the group said the completion date has been pushed to Sept 30, 2026, from June 30, to allow more time for customers to finalise novation documents with the national utility.

NuEnergy said the outstanding contracts involve supply agreements for renewable energy, which govern the supply and billing of electricity generated by the solar systems.

The proposed acquisition, undertaken by its wholly-owned unit IL Energy Sdn Bhd, forms part of a broader RM98 million deal announced in July 2024, which also included the RM30 million purchase of Armani Sinar Sdn Bhd.

While the Armani Sinar acquisition has been completed, the solar asset purchase from Armani Energy remains pending.

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