Revenue for the quarter rose 20.4% to RM135.4mil against RM112.4mil last year.
PETALING JAYA: Clean energy expert Solarvest Holdings Bhd
anticipates a stronger financial performance in the upcoming quarter as it works towards achieving its target profit gains.
In the third quarter ended Dec 31, 2024 (3Q25), Solarvest’s net profit jumped 35% to RM14.4mil compared with RM10.6mil in the year-ago quarter.
Revenue for the quarter rose 20.4% to RM135.4mil against RM112.4mil last year while earnings per share climbed to 2.01 sen from 1.59 sen previously.
For the nine months period ended Dec 31, Solarvest achieved a record net profit of RM31.4mil, up 28% from RM24.5mil in the prior year’s corresponding period (9M24). Although revenue declined to RM312mil in 9M25 from RM395.7mil in 9M24, Solarvest’s net profit margin improved from 6.2% to 10.1%.
This was driven by higher profitability in the commercial and industrial segment, lower solar panel prices, and electricity sales from the group’s three large scale solar 4 plants.
