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 projects.
Its power distribution equipment and trading divisions also recorded higher revenue in 1Q26, rising 17.7% and 21.8% respectively, supported by higher order fulfilment during the quarter.
