KUALA LUMPUR: MN Holdings Bhd
said it is well-positioned to tap growth opportunities from rising investments in energy, data centre and water infrastructure.
“As Malaysia accelerates investments in grid modernisation, renewable energy integration, data centre infrastructure, and water system upgrades, MN Holdings is well-positioned to capture these structural growth opportunities.
“Our strengthened balance sheet, enhanced operational capacity, and expanding order book provide a solid foundation to support sustained earnings growth in the coming years,” managing director Datuk Clement Toh said in a statement.
The infrastructure utilities construction and engineering solutions specialist posted another record quarterly profit for the second quarter ended Dec 31, 2025 (Q2 FY2026), with profit after tax rising 98% year-on-year (y-o-y)to RM25.18mil from RM12.69mil previously.
Revenue for the quarter surged by 94% y-o-y to RM243.55mil from RM125.48mil previously, driven primarily by accelerated project execution within the substation engineering division.
MN Holdings said substation engineering segment remained the dominant growth engine, contributing RM220.29mil or approximately 90% of total revenue, representing a 239% increase y-o-y.
Meanwhile, the underground utilities engineering segment contributed RM23.26mil, reflecting ongoing progress in utilities and infrastructure works.
For the six months ended Dec 31, 2025 (1H26), MN Holdings doubled its revenue to RM457.65mil from RM228.59mil a year earlier.
Cumulative profit before tax jumped 134% to RM63.58mil, while profit after tax surged 137% to a record RM46.77mil, driven mainly by a sharp expansion in substation engineering activities, which contributed RM409.33mil or 89% of total revenue.
