PETALING JAYA: Solarvest Holdings Bhd
believes the outlook for Malaysia’s renewable energy (RE) industry remains positive, driven by the government’s commitment to increasing RE capacity to 70% of the national energy mix and achieving net-zero emissions by 2050.
As at December 2025, Solarvest said its unbilled order book stood at RM1.54bil, which will be progressively recognised in the financial years ending March 31, 2026 (FY26) to FY28.
Releasing its results for the third quarter ended Dec 31 (3Q26) the group reported a 46.3% year-on-year (y-o-y) surge in net profit to RM21mil, supported by a 33.8% increase in revenue to RM181.2mil.
Solarvest attributed the stronger turnover to utility-scale projects, primily with the commencement of the large-scale solar five (LSS5) programme and continued execution of the Corporate Green Power Programme (CGPP) during the quarter.
It added that the improved profitability in 3Q26 was driven by higher contributions from all business segments, alongside a stronger share of profits from associate companies.
Similarly, better performances across all divisions and higher associate contributions lifted net profit for the nine months ended December by 77.1% y-o-y to RM55.6mil, underpinned by a 56.6% rise in turnover to RM488.4mil.
Compared with the preceding quarter ended September 2025, Solarvest said net profit rose 12.3% from RM18.7mil, while revenue increased 6.9% from RM169.5mil.
On this sequential improvement, Solarvest said: “The increase in revenue and profit before tax was mainly driven by utility-scale projects, with the commencement of LSS5 during the quarter coupled with the continued execution of CGPP.”
The group has not declared any dividends so far for FY26.
“Barring any unforeseen circumstances, the board is of the view that the group’s overall performance will remain satisfactory for the coming financial year,” it said.
