KUALA LUMPUR: Pekat Group Bhd
expects Malaysia’s ongoing energy transition and rising electricity demand from industrial expansion and data centres to support growth across its businesses.
“The continued rollout of large-scale solar programmes, including LSS5, LSS5+ and the newly launched LSS6, together with the growing adoption of Battery Energy Storage Systems, the Corporate Renewable Energy Supply Scheme, and residential solar initiatives such as Solar ATAP and the SuRIA Home programme, are expected to support the long-term growth of our solar division,” chief executive officer Tai Yee Chee said in a statement.
“Beyond solar, rising electricity demand from industrial expansion and data centre developments should continue to create opportunities for our power distribution equipment (PDE) and earthing and lightning protection (ELP) divisions,” he added.
For the second quarter ended June 30, 2026 (2Q26), Pekat’s net profit rose 28.8% to RM14.19mil, or earnings per share of 2.01 sen from RM11.02mil, or 1.71 sen a year earlier.
Revenue increased 38% to RM175.4mil from RM126.99mil, supported by higher contributions from all four of its business divisions.
The solar photovoltaic (PV) division remained the largest contributor, with revenue rising 34.2% to RM84.01mil from RM62.6mil, mainly driven by progress on large-scale solar engineering, procurement, construction and commissioning projects.
Revenue from PDE division increased 34.7% to RM46.9mil on higher order fulfilment.
The ELP division recorded a 67.2% increase in revenue to RM24.87mil, supported by improved project execution, while the trading division’s revenue rose 33.8% to RM19.66mil on higher sales orders.
For the first half ended June 30, 2026 (1H26), Pekat’s net profit rose 15.3% to RM26.63mil from RM23.08mil, while revenue increased 23.8% to RM343.32mil from RM277.3mil.
Tai said the group’s second-quarter performance reflected the continued strength of its diversified business portfolio and disciplined execution across its project pipeline.
The board declared a first interim dividend of one sen per share for FY26, payable on Sept 25 to shareholders on the register as at Sept 8.
