KUALA LUMPUR: Pekat Group Bhd
reported improved results for the financial year ended Dec 31, 2025 (FY25), with net profit surging 104.7% year-on-year to RM45.04mil from RM22.00mil previously.
Revenue more than doubled to RM609.91mil from RM286.98mil in FY24 while earnings per share rose to 6.85 sen, compared with 3.41 sen previously.
In a statement, Pekat said its solar photovoltaics division remained the key growth driver, with revenue climbing 97.2% to RM344.45mil, mainly on progress in large-scale solar engineering, procurement, construction and commissioning projects.
The power distribution equipment division, acquired in December 2024, also contributed significantly with RM136.9mil in revenue.
Meanwhile, the earthing and lightning protection and trading divisions continued to record solid growth, with revenue rising 42.4% and 11.0%, respectively, supported by improved project execution and higher trading volumes.
Chief executive officer Tai Yee Chee said the group continues to benefit from growing demand for renewable energy, power infrastructure and data centre development.
“Our strong performance was mainly driven by strong growth in our large-scale solar EPCC projects, alongside the contribution from the PDE division. This reflects the strength of our diversified business model and positions Pekat well to capture opportunities arising from Malaysia’s evolving energy landscape,” he said.
The group maintained a strong financial position, with total cash, bank and money market deposits rising to RM161.15mil as at Dec 31, 2025, from RM45.60mil a year earlier, while net assets per share improved to 43 sen from 25 sen.
Tai said Malaysia’s policy direction towards renewable energy adoption and power grid expansion and modernisation continues to provide opportunities for Pekat Group.
Meanwhile, the ELP division is expected to benefit from increased foreign direct investment into Malaysia’s data centre sector.
