Samaiden Group Bhd group managing director Datuk Ir. Chow Pui Hee
KUALA LUMPUR: Samaiden Group Bhd is well-positioned to capitalise on emerging opportunities as Malaysia targets a 70% renewable energy mix by 2050 and corporate adoption of renewable energy (RE) supply schemes continues to grow.
“As of Dec 31, 2024, Samaiden’s order book stood at RM515.68mil, reflecting the group’s strong pipeline of secured projects that will drive future revenue growth,” the RE specialist said in a statement.
It noted that Malaysia’s RE sector had presented compelling opportunities, driven by policy enhancements such as the revised Solar Self-Consumption Programme, which increased the capacity limit for non-domestic users and expanded eligibility for ground-mounted and floating solar systems.
The Energy Commission (EC) has also launched an additional tender of 2,000 MW under the large-scale solar (LSS) programme, LSS 5+, further strengthening the market outlook for solar project developers.
In the second quarter ended December 31, 2024, of the the financial year ending June 30, 2025 (2Q25), Samaiden posted a higher net profit of RM4.7mil compared with RM3.2mil in the year-ago quarter. This translated into earnings per share of 1.14 sen from 0.80 sen.
Revenue for the quarter jumped 64% to RM80mil from RM48.8mil previously.
For the first half, net profit rose 32% to RM8.1mil, supported by a 36.3% increase in revenue to RM129.4mil.
“Our 2Q25 performance is a testament to our continued execution excellence and strategic positioning in Malaysia’s RE sector. The remarkable increase in revenue and profit reinforces our ability to capture opportunities in the expanding RE market.
‘The commencement of new large-scale solar projects, combined with our business growth in commercial and industrial solar projects, puts us in a strong position to sustain this growth trajectory,” group managing director Datuk Ir. Chow Pui Hee said.
