KUALA LUMPUR: Solarvest Holdings Bhd
anticipates a satisfactory overall performance in the coming year as the clean energy firm posted improved earnings in the second quarter of financial year 2026 (2QFY26) amid the execution of utility-scale solar projects under the Corporate Green Power Programme (CGPP).
In the quarter under review, the group's net profit doubled year-on-year (y-o-y) to RM18.73mil from RM9.2mil in the year-ago quarter. Earnings per share rose to 2.34 sen from 1.31 sen previously.
It said quarterly revenue gained to RM169.47mil from RM103.91mil, driven by the ongoing execution of several utility-scale solar projects under the CGPP, as compared to the year-ago quarter when the LSS4 projects were nearing completion with less contribution.
For the six-month period to Sept 30, 2025, Solarvest's net profit was RM34.61mil, twice the net profit of RM17.04mil in the same period in the previous year.
This came on the back of revenue of RM307.21mil, up from RM176.56mil in the previous corresponding period. Apart from the higher revenue, Solarvest said the higher net profit was also owing to improved margin contributions from projects nearing completion.
As of Sept 30, 2025, the group’s unbilled order book stood at RM1.33bil, which will be progressively recognised in the financial years ending March 31, 2026, and 2027.
"The group remains focused on expanding its
order book by leveraging opportunities from the four-gigawatt LSS5 and LSS5+ quota.
"Additionally, the government’s latest initiatives such as the BESS and SELCO programmes, present new avenues to strengthen the group’s project pipeline and support its long-term growth in Malaysia’s renewable energy sector," it said.
