Solarvest optimistic orderbook to surpass RM2bil in FY26
KUALA LUMPUR: Solarvest Holdings Bhd executive director and group CEO Davis Chong Chun Shiong is confident the clean energy expert's orderbook will cross the RM2bil mark in FY26.
As he reviewed the final quarter of the group's 2025 financial year, Chong said the feat will be supported by additional fifth large scale solar (LSS5) contracts, anticipated LSS5+ award, as well as active participation in solar battery energy storage systems (BESS) and upcoming LSS6 tenders in Q2 and Q3 of this calendar year.
"In light of the potential rise in Malaysia's electricity tariffs in July, we also foresee improved project feasibility under the Corporate Renewable Energy Supply Scheme (CRESS). This creates compelling opportunities for Solarvest to scale beyond our RM2bil orderbook target,' he said in a statement.
'The key drivers of our revenue growth include ongoing engineering, procurement, construction, and commissioning projects under the Corporate Green Power Programme and LSS5 programmes. Beyond utility scale projects, the commercial and industrial segment is also expected to remain strong, with approximately RM200mil in annual replenishments.'
As at March 31, 2025, the group's unbilled order book stood at RM1.24bil.
In the fourth quarter of the financial year ended March 31, 2025 (4QFY25), Solavest posted a net profit of RM20.53bil, a 165% increase over the net profit of RM7.73mil in the year-ago quarter.
The group's revenue rose to RM224.87mil from RM96.9mil in the previous comparative quarter. Earnings per share climbed to 2.82 sen from 1.15 sen previously.
Over the 12-month period, Solarvest's net profit rose to RM51.94mil from RM32.63mil in FY24, while revenue increased to RM536.82mil from RM497.03mil in the previous year.
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