Kuala Lumpur, 19 November 2025 – Regional clean energy expert, Solarvest Holdings Berhad (“Solarvest” or “the Group”) today announced its financial results for the second quarter (“2QFY26”) and six months ended 30 September 2025 (“1HFY26”).
Solarvest delivered robust growth in 2QFY26, recording revenue of RM169.5 million, an increase of 63.1% compared to RM103.9 million in the corresponding quarter last year (“2QFY25”). Profit after tax and non-controlling interest (“net profit”) likewise more than doubled to RM18.7 million, up 103.3% from RM9.2 million previously. The strong performance was underpinned by the on-going execution of several utility-scale solar projects under the Corporate Green Power Programme (“CGPP”).
For the 1HFY26, the Group posted revenue of RM307.2 million and net profit of RM34.6 million, compared to RM176.6 million and RM17.0 million, respectively, in the same period of the preceding year.
The engineering, procurement, construction, and commissioning (“EPCC”) segment continued to be the Group’s main revenue contributor, generating RM273.8 million or 89.1% of total revenue. The renewable energy generation segment also posted steady growth, with electricity sales increasing 19.8% YoY to RM15.7 million (1HFY25: RM13.1 million).
On electricity sales, the Group has secured a cumulative capacity of 130MWp from multiple corporate power purchase agreements under the Powervest Programme, which is expected to contribute RM50.4 million annual recurrent revenue upon full completion within the next 12 to 18 months.
Meanwhile, the revenue of operations and maintenance (“O&M”) segment registered RM5.9 million, representing a 37.2% YoY increase from RM4.3 million in 1HFY25. Other segments, comprising environmental commodities trading and other green energy solutions, contributed RM11.5 million (1HFY25: RM9.0 million).
Executive Director and Group Chief Executive Officer of Solarvest, Dato’ Davis Chong Chun Shiong (张俊雄) said, “We are excited to announce another record-high unbilled EPCC order book of RM1,326 million, which will be progressively recognised over the financial years ending 31 March 2026 and 2027. With the LSS5 and LSS5+ awards on the horizon, we are optimistic that these projects will further strengthen our pipeline and drive our order book to approximately RM2.0 billion by end of 2025.”
“With our proven expertise and continuous innovation, we remain committed to delivering impactful renewable energy (“RE”) solutions that support Malaysia’s journey toward Net Zero. We are proud to have contributed to the nation’s achievement of the 31% RE capacity milestone in 2025 and to continue propelling Malaysia’s long-term clean energy ambitions.”
“Looking ahead, we are actively building momentum to convert our robust tender book – comprising 8.05 GWp in Malaysia and 1.14 GWp in international markets – into operational projects. By prioritising the realisation of these 9.19 GWp opportunities, the Group aims to accelerate growth and reinforce its position in both domestic and overseas RE markets,” Dato’ Davis concluded.