KUALA LUMPUR: Solarvest Holdings Bhd
is predicting a satisfactory year ahead as it maintains a positive outlook on the country's renewable energy (RE) industry, underpinned by the government's initiative to increase RE capacity to 70% of the national energy mix and its 2050 target for net zero emissions.
As of March 31, 2026, the group said its unbilled order book stood at RM2.47bil, which will be progressively recognised in the financial years ending March 31, 2027, and 2028.
"The group remains focused on expanding its order book by leveraging opportunities arising from upcoming initiatives of LSS6, CRESS, as well as the Solar Accelerated Transition Action Programme (Solar ATAP), which continues to drive solar adoption and support the group’s long-term growth in Malaysia’s RE sector," it said in comments accompanying its results filing with Bursa Malaysia.
Wrapping its 2026 financial year (FY26) in March 31, 2026, Solarvest reported a net profit of RM79.81mil over the 12-month period, up from RM51.94mil in the previous year.
Annual revenue rose to RM757.09mil from RM536.82mil in FY25. Earnings per share climbed to 9.38 sen from 7.35 sen previously.
In the fourth quarter alone, the group said net profit was RM24.18mil as compared to RM20.53mil in the year-ago quarter, while revenue expanded to RM268.66mil from RM224.87mil in the previous comparative quarter.
It said the higher revenue in 4Q was mainly driven by utility-scale projects, with the commencement of multiple Large Scale Solar 5 programme (LSS5) projects, and the continued execution of the Corporate Green Power Programme (CGPP) during the quarter.
Meanwhile, the group's profitability increased due to higher contribvutions from the utility segments coupled with a higher share of profits from associate companies.
