Powerwell achieves FY25 revenue of RM137.4 million
On a brighter note, Malaysia segment posted a year-on-year (YoY) increase of 38.7% to RM135.6 million for FY25 vis-à-vis RM97.7 million last year, mainly driven by higher deliveries.
At the bottom-line, Powerwell posted a profit after tax and non-controlling interest (PATNCI or net profit) of RM19 million for FY25, versus RM19.7 million in the previous year, largely due to the aforementioned lower contribution from the overseas market. Nevertheless, the group's net profit margin remained healthy at 13.9% for FY25, compared to 12.7% in the prior year.
Managing director Catherine Wong Yoke Yen said, 'We are pleased to close FY25 on a solid note against the backdrop of a demanding business environment marked by elevated macroeconomic uncertainty. More excitingly, our Malaysia segment delivered commendable double-digit growth driven by higher deliveries.'
Looking ahead, she said they see ample opportunities to capitalise on, given their leading position and track record in the power distribution industry, particularly in the data centre, large-scale infrastructure, semiconductor, renewable energy and high-end manufacturing segments.
Furthermore, she said the establishment of the Johor-Singapore Special Economic Zone presents new growth opportunities for Powerwell.
'Our team continues to work actively on more tenders, while our order book remains healthy at approximately RM116 million as at end-March 2025,' said Wong.
'On the mergers and acquisitions (M&A) front, we are pleased to share that we completed the acquisition of a 51% stake in Firerex Technology Sdn Bhd and Brandrich Fire Solutions Sdn Bhd respectively in April 2025. These synergistic acquisitions broaden our capabilities and offerings, strengthening our position along the value chain. At the same time, we continue to explore further M&A opportunities to elevate our market position.'
'All in all, we are upbeat on Powerwell's prospects, underpinned by our order book and exciting opportunities ahead. Meanwhile, the group remains mindful of the ongoing geopolitical tensions, which have created a volatile trade environment characterised by tariffs, export controls, and supply chain restrictions that may impede global market access and influence capital allocation,' Wong said.
For the current quarter under review, the group's revenue jumped 2.2 folds to RM47.5 million from RM21.9 million in Q4'24, on the back of higher deliveries.
Sequentially, Q4'25 net profit rose 16.2% YoY to RM7.5 million vis-à-vis RM6.5 million.
The board has declared a first interim dividend of 1 sen per share amounting to approximately RM5.8 million for the current quarter under review. This represents a 30.5% payout based on FY25 net profit of RM19 million.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 days ago
- The Star
‘Stronger support system needed'
Wong: Legal and social reform vital to increase female participation in job market PETALING JAYA: Malaysia needs comprehensive strategies to cultivate talents in artificial intelligence (AI) to realise its ambition of becoming an AI-centric nation by 2030, says Wanita MCA chief Datuk Wong You Fong ( pic ). 'Developed countries have long integrated AI into their university curricula, underscoring the necessity for thorough planning,' she said in an interview yesterday. With Malaysia's progress in gender equality in education, where women now account for over 50% of university students, Wong said the nation can build on this achievement by creating dedicated AI faculties within universities to develop a skilled workforce. 'We need to set a target for how many AI specialists we can produce at higher education levels within the next five years,' she said. Wong added that increased female labour market participation could boost the nation's gross domestic product (GDP), as women are a crucial element of the labour force. On Thursday, Prime Minister Datuk Seri Anwar Ibrahim announced that Malaysia aims to become an AI-centric nation by 2030 under the 13th Malaysia Plan (13MP). The initiative seeks to position Malaysia as a leader in digital technology in South-East Asia, focusing on AI integration, digital infrastructure and boosting the economy through technology. He also said the 13MP aims to raise female labour force participation to 60% by 2030, with measures including expanded childcare, reskilling and gender-inclusive workplace initiatives. He said the five-year roadmap seeks to create a more inclusive workforce, especially for mothers and women returning to work. Wong said the government's target of 60% female labour force participation by 2030 is 'a solid step forward'. 'However, we need support that extends beyond urban professional women to include rural, low-income and minority women. 'We must reach across poverty and geography,' she said. Wong also called for increased leadership roles and political representation to address women's empowerment beyond job numbers. 'Real empowerment includes leadership in workplaces and politics. There should be at least 30% women in leadership positions.' Wong also highlighted the urgency of legal reforms, pressing for the criminalisation of marital rape, reform of maintenance orders, the passing of an Anti-Discrimination Against Women Bill and an end to child marriage and unilateral conversion of minors. She also said there are 'necessary but insufficient' efforts on flexible work and childcare, calling for combining flexible work with fair pay, career progression and robust anti-harassment frameworks, particularly in gig and digital sectors. 'Data-driven follow-up is important. We need periodic progress tracking to ensure equitable outcomes for all women, including rural, single mothers, disabled women and minority communities.' On efforts to address gender inequalities, she noted a petition launched in conjunction with the 30th anniversary of Malaysia's signing of Cedaw (Convention on the Elimination of All Forms of Discrimination Against Women). 'It is important to focus on areas that have not yet achieved equality, despite years of advocacy,' she added. Engender Consultancy founder and principal consultant Omna-Sreeni Ong said the 13MP's Kasih Keluarga Negara framework, which introduces gender impact assessments (GIAs) and gender audits, is a potential game-changer in increasing women participation in the workforce. 'GIAs are essential for evaluating how policies and projects impact different groups of women and men, ensuring equitable outcomes and opportunities. 'For example, a policy aimed at promoting economic growth might unintentionally exclude women if it doesn't address their specific barriers to accessing education, training or financial resources,' she added. Omna-Sreeni, who also co-chairs the Malaysian CSO-SDG Alliance, said GIAs implementation requires capacity building across all ministries and agencies, a process that is already underway with resources providing GIA training to ministries and leaders.
The Sun
5 days ago
- The Sun
60,000 TVET applications show rising demand for vocational training
TAIPING: Approximately 60,000 applications have been received for Technical and Vocational Education and Training (TVET) courses at vocational colleges nationwide, reflecting growing interest in skills-based education. Deputy Education Minister Wong Kah Woh said the strong response underscores TVET's appeal as a pathway for youth development. 'We currently have a capacity of 17,000 places across 86 vocational colleges. 'Programmes are continuously developed to strengthen vocational training, enhance practical skills, and expand job opportunities for graduates,' he told reporters after officiating the Taiping Air Festival 2025 at Tekah Airport. Wong, who is also Taiping MP, noted that TVET graduate employability has reached 99% in recent years. 'This achievement shows vocational graduates can pursue further studies or stable employment with their acquired skills,' he added. - Bernama
New Straits Times
5 days ago
- New Straits Times
Malaysian SMEs band together at CEO Connects 2025
KUALA LUMPUR: Malaysian small and medium enterprises (SMEs) are coming together to tackle mounting global economic uncertainties through CEO Connects 2025 conference. The event aimed to foster strategic partnerships, share insights on pressing business challenges, and empower SMEs to thrive amid shifting trade dynamics, ESG demands and financial constraints. Supported by Media Prima Bhd, EcoWorld and the SME Association of Malaysia, the conference featured a lineup of panels, keynote talks and networking sessions conducted in Chinese. "We're proud to present Boss Never Off as part of our mission to amplify authentic business stories," said Media Prima Omnia chief operating officer Stephanie Wong during the conference here today. Wong added that the new show reinforces Media Prima's role in championing local business narratives. The upcoming 8TV business reality series, officially launched at the event, aims to highlight the personal and professional journeys of SME founders across the country. One of the key voices at the conference, SME Malaysia president Dr Chin Chee Seong addressed rising cost pressures and evolving policy challenges affecting the SME sector, particularly in light of the recent Sales and Service Tax (SST) increase. "SMEs are not only the backbone of the economy but also its heartbeat. Whether it's ESG or financing gaps, these are pressing issues that cannot be solved in isolation," he said. In a series of knowledge-sharing sessions, University of Nottingham Malaysia associate professor Dr Xiao Saizi delivered a keynote titled "Malaysia Amid Trade Wars – Crisis or Opportunity?", highlighting how SMEs can turn geopolitical risks into new growth opportunities. A fireside chat moderated by XiaoMa explored the topic "Are Malaysian SMEs Ready for the ESG Era?", featuring Malaysia ESG Association president Prof Cheah Kok Hoong. The discussion examined how SMEs can turn ESG compliance into a competitive edge. The agenda also included a panel discussion with leaders from SME Malaysia, the Malaysia Cross Border E-Commerce Association, and PLC Advisory Group, who addressed digital trade, financing gaps, and workforce challenges. The half-day event, held at Menara EcoWorld centred on the theme "Lead, Connect, Succeed — Your Gateway to 2025's Business Opportunities," reflecting its mission to strengthen the SME ecosystem through strategic dialogue and collaboration.
