Seni Jaya Corporation Berhad reported a 6% year-on-year rise in Q4 FY26 revenue to RM16.7 million, driven by strong demand for digital out-of-home media formats.

The Kuala Lumpur-based advertising specialist posted full-year revenue of RM81.8 million for FY26, up 17% from RM69.7 million in the preceding year. While statutory results were impacted by non-cash impairments, the group maintained robust operating cash flows and expanded its asset base through strategic acquisitions.

Financial Performance

For the fourth quarter ended June 30, 2026, Seni Jaya recorded revenue of RM16.7 million, compared to RM15.8 million in Q4 FY25. Digital billboard revenue surged by RM2.3 million, or 35% year-on-year, reflecting advertiser preference for high-impact digital formats. This growth partially offset a 49% decline in production income, which fell by RM0.9 million during the quarter.

Full-year revenue reached RM81.8 million, an increase of 17% from RM69.7 million in FY25. On a core/normalised basis, which excludes non-core items, revenue grew 19% to RM81.8 million. Core/normalised profit after tax (PAT) stood at RM8.5 million, representing a 10% margin, down from RM13.3 million in FY25.

What the Numbers Show

The divergence between top-line growth and profit contraction highlights the impact of cost structure changes. While revenue expanded by 17%, core/normalised PAT fell by approximately 36% year-on-year. The moderation in profitability was driven by higher tax provisions and depreciation charges in FY26, alongside the absence of a RM2.0 million repayment from an associate company that boosted profits in the prior year. Additionally, Q4 core/normalised loss after tax (LAT) widened to RM1.9 million from a PAT of RM1.0 million a year earlier, attributed to lower revenue linked to geopolitical conflicts starting in February 2026.

Balance Sheet and Cash Flow

Underlying cash generation remained resilient, with net cash from operating activities rising 19% year-on-year to RM25.7 million from RM21.6 million. Total equity strengthened to RM96.6 million as of June 30, 2026, up from RM80.8 million a year earlier. The group paid a first interim dividend of 1 sen per ordinary share, totaling approximately RM2.1 million.

Statutory results were materially affected by non-core items, including a RM13.6 million non-cash goodwill impairment related to the Vision OOH Sdn. Bhd. acquisition and a RM1.6 million inventory write-down. The goodwill impairment arose because the share price increased from the initial reference price of RM0.3160 to RM0.55 upon allotment of consideration shares.

Strategic Expansion

Seni Jaya completed several key acquisitions in FY26, expanding its nationwide footprint. Vision OOH was acquired on April 22, 2026, followed by Ganad Media Sdn. Bhd. on July 14, 2026. The acquisition of Unilink Group was completed on August 12, 2026, further enlarging the premium asset base. To support these expansions, the group raised gross proceeds of RM20.12 million through a private placement of 50.0 million new shares.

CEO Jeff Cheah See Heong noted that the group’s priority for FY27 is integrating the enlarged asset base, improving utilisation, and shifting selected inventory toward higher-value digital formats. The company expects continued support from Malaysia’s domestic economic backdrop and the Visit Malaysia 2026 initiative, which targets 43 million international arrivals.