PETALING JAYA: Pekat Group Bhd
remains cautiously optimistic on its performance for the financial year ending Dec 31, 2026 (FY26).
The solar photovoltaic specialist said profit after tax and minority interests rose 3.1% to RM12.43mil in the first quarter ended March 31, 2026 (1Q26), from RM12.06mil a year earlier, supported by higher revenue contribution across the group’s core business segments.
Revenue for the quarter increased 11.7% to RM167.89mil, compared with RM150.31mil in the corresponding quarter last year. Its earnings per share for the quarter stood at 1.76 sen against 1.87 sen previously.
Pekat said its solar division remained the group’s main revenue contributor, with revenue rising 11.4% to RM103.38mil in 1Q26 from RM92.83mil in 1Q25.
The improvement was mainly driven by progress in large-scale solar engineering, procurement, construction and commissioning (EPCC) projects.
Its power distribution equipment (PDE) and trading divisions also recorded higher revenue in 1Q26, rising 17.7% and 21.8% respectively, supported by higher order fulfilment during the quarter.
Meanwhile, revenue from the earthing and lightning protection division fell 5.1%, mainly due to the timing of project execution during the period.
Chief executive officer Tai Yee Chee said the group was pleased to begin FY26 on a positive footing, supported by double-digit revenue growth driven by the steady execution of its solar EPCC projects and stronger contributions from the PDE and trading divisions.
“The group’s diversified business model continues to strengthen our operational resilience while positioning us to capture opportunities arising from Malaysia’s accelerating energy transition,” he said in a statement.
Tai noted that the renewable energy sector is entering a significant growth phase driven by supportive government policies, rising corporate sustainability commitments, and increasing electricity demand from industrial and digital infrastructure developments.
“With upcoming opportunities from LSS programmes, CRESS and the growing adoption of solar-plus-storage solutions, we remain focused on disciplined execution, strengthening our engineering capabilities, and delivering sustainable long-term value to our stakeholders,” he said.
Looking ahead, Pekat said Malaysia’s renewable energy sector remains favourable over the long term, particularly the solar segment, which continues to support the country’s energy transition agenda under the National Energy Transition Roadmap.
The group said the rollout of large-scale solar (LSS) programmes, including LSS5, LSS5+ and the anticipated LSS6, alongside opportunities from the corporate renewable energy supply Scheme, is expected to sustain EPCC activity and drive demand for integrated renewable energy solutions.
