KUALA LUMPUR: Samaiden Group Bhd
’s net profit more than doubled to RM14.8mil in the fourth quarter ended June 30, 2026 (4QFY26), from RM7.1mil a year earlier.
Revenue, however, fell 21.7% year-on-year to RM105.7mil from RM135mil, while earnings per share rose to 2.79 sen against 1.60 sen in the year-ago quarter.
The clean energy services company said on a quarter-on-quarter basis, revenue jumped 55.8% from RM67.9mil, mainly due to accelerated construction progress on several Large Scale Solar 5 (LSS5) projects, which moved from early site preparation into major construction works.
Pre-tax profit rose 72.3% quarter-on-quarter to RM21.2mil from RM12.3mil, while net profit increased 62.1% from RM9.1mil, supported by better margins from newly commenced projects as well as improved supply chain and cost management.
For the financial year ended June 30, 2026 (FY26), Samaiden’s net profit surged 93.3% to RM39mil from RM20.2mil a year earlier, while revenue increased 3.1% to RM364.5mil from RM353.5mil.
“We closed FY26 with a strong fourth quarter, supported by the continued progress of our projects and significantly improved profitability for the year.
“This gives us good momentum entering FY27, at a time when Malaysia’s renewable energy market is opening up a new wave of opportunities,” group managing director Datuk Ir Chow Pui Hee said.
She noted that the rollout of LSS6, continued development of Corporate Renewable Energy Supply Scheme (CRESS) and other national renewable energy programmes were expected to sustain industry activity.
Chow said the integration of battery energy storage systems (BESS) under LSS6 marked an important development for the utility-scale solar market, broadening opportunities across the renewable energy value chain.
She added that Samaiden aimed to build on this momentum in the new financial year.
LSS6, the country’s largest large-scale solar programme to date, offers 2,650 megawatts (MW) of solar capacity, including 2,500MW paired with 1,250MW of BESS.
Samaiden said industry estimates suggest the programme could unlock about RM15bil in private investment.
The group added that the CRESS, Feed-in Tariff 3.0 and Solar Accelerated Transition Action Programme are expected to provide further opportunities across the renewable energy market.
As at June 30, 2026, Samaiden’s order book stood at RM435.8mil, providing a foundation for revenue recognition in the coming financial periods.
The group is also pursuing a pipeline of utility-scale solar, BESS, CRESS, rooftop solar and other renewable energy projects, with several sizeable projects at advanced stages and active bidding under LSS6.
Samaiden declared a second interim dividend of one sen per share for FY26, bringing total dividends for the year to 2.4 sen per share. The dividend is payable on Oct 7, 2026.
