KUALA LUMPUR: Samaiden Group Bhd
posted an 81.1% jump in net profit to RM9.1mil for the third quarter ended March 31, 2026, from RM5.04mil in the same quarter a year earlier.
Revenue, however, declined to RM67.8mil from RM89.17mil previously, while earnings per share rose to 2.02 sen from 1.20 sen.
The clean energy services company said the lower revenue was mainly due to reduced revenue recognition from certain Large-Scale Solar 5 (LSS5) projects, which remained at the early site-preparation stage during the quarter.
For the nine months ended March 31 (9MFY26), Samaiden posted a net profit of RM24.3mil, or 5.05 sen, up 85.1% from RM13.1mil, or 3.13 sen, while revenue rose 18.4% to RM258.8mil against RM218.6mil a year prior.
Samaiden said the stronger 9MFY26 performance was mainly attributable to the commencement and progressive construction of several utility-scale solar and Corporate Green Power Programme (CGPP) projects during the period under review.
The group’s improved profitability was further supported by better supply chain management, disciplined project execution and more effective cost control across ongoing projects, reflecting Samaiden’s ability to preserve profit margins while scaling its project execution activities.
Group managing director Datuk Ir. Chow Pui Hee said its 9MFY26 results reflect the strength of Samaiden’s execution capabilities and the quality of our project pipeline.
“While revenue recognition in 3Q26 was moderated by the early-stage progress of certain LSS5 projects, the improvement in profitability shows that we are managing our projects with greater cost discipline and supply chain efficiency.
“As more utility-scale solar and CGPP projects move into progressive construction phases, we remain focused on delivering sustainable growth while maintaining operational resilience,” she said in a statement.
