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Elridge is not just focusing on Malaysia market. They also plan to expand into China and Japan, while targeting local industrial players and water treatment companies
The research house expects the company’s core net profit to grow steadily, reaching RM74.2 million in FY2026, RM91.4 million in FY2027, and RM104.9 million in FY2028
They also just announced plans to enter the activated carbon business, manufacturing and selling products used in water treatment, industrial purification and filtration. This could be another new income stream for the company
Elridge Energy Holdings Bhd is investing RM45mil in six integrated activated carbon production chains in Klang, via its wholly owned subsidiary, Lumeria Power Sdn Bhd.
It would enable Elridge Energy to move beyond supplying PKS primarily as biomass fuel and convert the same feedstock into activated carbon, a higher value-added product used in water treatment, air and gas purification, industrial filtration and other industrial applications