Kuala Lumpur, 20 May 2026 – Regional clean energy expert, Solarvest Holdings Berhad (“Solarvest” or “the Group”), today announced its fourth consecutive record-breaking financial year, with FY26 revenue of RM757.1 million, up 41.0% from RM536.8 million in the previous year (“FY25”). Profit after tax and non-controlling interest (“net profit”) rose 53.7% to RM79.8 million (FY25: RM51.9 million), significantly outpacing revenue growth, reflecting the Group’s strong pricing power, operational discipline, and execution quality as it scales across larger and more complex clean energy projects.
Gross profit margin improved to 28.3% from 27.9% a year ago (FY26: RM214.0 million; FY25: RM149.5 million); while net profit margin strengthened to 10.5% from 9.7% despite the typical industry trend of margin compression during rapid expansion. The overall strong performance was primarily driven by execution of Large Scale Solar 5 Programme (LSS5), advanced stages of the Corporate Green Power Programme (CGPP) development and higher profit contribution from associate companies.
It is worth noting that over the past five years, Solarvest revenue has expanded 330% from RM175.8 million in FY22, while PATAMI has grown 11 times from RM6.9 million.
The engineering, procurement, construction, and commissioning (“EPCC”) segment remained the Group’s main revenue contributor, generating RM673.6 million (89.0% of total revenue). While the renewable energy generation segment also posted steady growth, with electricity sales grew 28.5% year-on-year (“YoY”) to RM34.3 million (FY25: RM26.7 million), due to significant energisation of C&I rooftop solar assets under Powervest, on top of the full year revenue contribution of LSS4 assets.
Under Powervest, the Group has secured a cumulative capacity of 133MWp from multiple corporate power purchase agreements, which is expected to contribute RM53.1 million annual recurrent revenue upon full completion within the next 12 to 18 months.
During the quarter under review, Solarvest achieved its highest-ever revenue of RM268.7 million, up 19.5% from RM224.9 million in the same period last year, with a healthy gross profit margin of 27.3% (4QFY26: RM73.3 million; 4QFY25: RM56.8 million). Net profit for the period increased 17.7% to RM24.2 million, up from RM20.5 million in the corresponding period of the preceding year. Correspondingly, net profit margin remained on a healthy trajectory at 9.0% (4QFY25: 9.1%).
Executive Director and Group Chief Executive Officer of Solarvest, Dato’ Davis Chong Chun Shiong (张俊雄) said, “This is our fourth record-breaking year in a row, but the number that matters most is the margins, particularly the quality of growth when we are scaling at this rate. Typically, in our industry, when EPCC players grow fast, margins compress faster. At Solarvest, we scale the top line by 41% while expanding our margins by 54%. That is not just volume. That is the highest standard of operational discipline.”
“Five years ago, Solarvest earned RM176 million in revenue with RM 7 million net profit. Today our revenue stands at RM757 million, up 330% from FY22, with PATAMI 11 times higher (FY26: RM79.8 million). We are building a clean energy platform, one that delivers results consistently and scale in the right direction, and a platform that gets stronger with each MWp we put on the ground.”
“Being entrusted to develop both of Malaysia’s largest utility-scale solar farms with close to 1.4GWp combined capacity, our unbilled EPCC order book has grown to RM2.5 billion from below RM1 billion within just 18 months. These are secured and contracted projects, and it means highly visible revenue contribution flowing into FY27 and FY28, proving that the market increasingly skews towards trusted clean energy players with operational discipline.
“Malaysia is entering the era of Battery Energy Storage Systems (“BESS”) and Corporate Renewable Energy Supply Scheme (“CRESS”), and the next phase of the energy transition is no longer just about generating clean electrons — it is about building a smarter, more stable grid. Tenaga Nasional Berhad’s (“TNB”) Regulatory Period 4 (“RP4”) and the Solar Accelerated Transition Action Programme (“Solar ATAP”) clearly signals the market’s shift towards smarter energy management where storage and energy efficiency solutions will become increasingly critical to diversify the Group’s project pipeline.”
LSS6 is expected to launch in 2H 2026, with the expected requirement of BESS. We’ve positioned Solarvest ahead, and more than ready to welcome the policy. On top of that, we are also anticipating strengthen project pipeline as the National Energy Transition Roadmap (“NETR”) continues to gain strong momentum in achieving Malaysia’s target of 70% renewable energy mix by 2050. Solarvest sits at the centre of that build-out, with a comprehensive tender book of 12.62GWp across Malaysia and our international markets. Our focus is to convert these opportunities into operating assets and recurring revenue.”
“To our shareholders: we are not at a peak. We are at an inflection point. The next chapter of Solarvest is bigger than the last — and we will continue to compound it with the same discipline that delivered this year’s results,” Dato’ Davis concluded.