Why Industronics Berhad’s Earnings Deterioration Signals a Reassessment of Investment Strategy
Industronics Berhad’s recent financial performance has raised critical questions about its operational sustainability and capital structure resilience. While the company reported a 49% revenue surge in FY 2024 compared to FY 2023, it simultaneously recorded a net loss of RM3.97 million, a marginal improvement from the RM4.5 million loss in FY 2023 [5]. This paradox—revenue growth coexisting with unprofitability—highlights structural inefficiencies. The company’s earnings per share (EPS) have deteriorated at an average annual rate of -15.7%, culminating in a 2Q 2025 EPS of RM0, down from RM0.001 in 2Q 2024 [2]. Such trends suggest a systemic inability to convert revenue into profit, undermining long-term viability.
The…
