Pekat CEO Tai Yee Chee
KUALA LUMPUR: Bolstered by growth across all its businss divisions, Pekat Group Bhd
is optimistic over its prospects for the coming year.
In the second quarter ended June 30, 2025 (2QFY25), Pekat recorded a net profit of RM11.02mil, more than double the net profit of RM4.64mil on the back of a leap in revenue to RM126.99mil from RM56.57mil in the year-ago quarter.
Earnings per share rose to 1.71 sen from 0.72 sen in the comparative year-ago quarter.
According to the group's filing with Bursa Malaysia, its solar photovoltaic (PV) division saw revenue increasing RM29.45mil to RM62.6mil due to higher contribution from the solar residential customer segment and a large-scale solar EPCC project under the Corporate Green Power Programme (CGPP).
The group's earthing and lightning protection (ELP) and trading divisions also recorded over 20% revenue growth each to RM14.87mil and RM14.69mil respectively, on the back of improved project execution and increased sales orders.
For the six-month period to June 30, 2025, Pekat's net profit came to RM23.08mil as compared to RM8.42mil in 1HFY24, while revenue jumped to RM277.3mil from RM114.2mil in the comparative period.
Pekat declared an interim dividend of one sen per share, with ex-date on Sept 9, 2025, and payment date on Sept 25, 2025.
“This quarter’s results reflect the benefits of our diversified portfolio and our work on large-scale solar projects under the CGPP. As Malaysia advances its energy transition, Pekat is well-positioned to contribute meaningful to renewable energy adoption and deliver long-term value to stakeholders," said Pekat CEO Tai Yee Chee in a statement.
On the group's outlook, he said it is set to benefit from Malaysia’s commitment to achieve net-zero carbon emissions by 2050. Policy frameworks such as the National Energy Transition Roadmap (“NETR”), the Corporate Renewable Energy Supply Scheme (CRESS), and the CGPP are expected to support the renewable energy sector and Pekat’s future growth
Tai added that Pekat is involved in two 29.99 MWac solar power plants under the Corporate Green Power Programme.
He said one is an internal investment, expected to boost recurring income upon completion by the end of 2025.
The other, an EPCC contract, is expected to contribute positively to the group’s financial performance for the financial year ending Dec 31, 2025.
Tai said the ELP division is also well-positioned to capitalise on rising foreign direct investment in Malaysia’s data centre industry on the back of a proven track record in delivering ELP solutions for data centres.
"Efforts are also underway to integrate the newly acquired power distribution equipment division, which is expected to deliver operational synergies, enhance market reach and unlock long-term growth potential," he added.
