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Solarvest Posts Record FY25, Targets RM2 Billion Orderbook Amid Clean Energy Boom

Solarvest Holdings Bhd has capped off its third consecutive record-breaking financial year with an impressive set of results for the fiscal year ended March 31, 2025 (FY25), solidifying its position as a regional leader in the clean energy sector. The group posted a revenue of RM536.8 million, up 8% year-on-year (YoY) from RM497 million in FY24. More notably, its gross profit surged by 50.8% YoY to RM149.5 million, supported by stronger margins of 27.9% (up from 20% last year). This sharp rise in profitability translated into a 59.2% jump in net profit, which reached RM51.9 million, delivering consistent margin expansion over the past three years. 'This is more than just a strong financial performance, it's validation of our strategic direction and resilience in an evolving energy market. 'We are confident in scaling past a RM2 billion orderbook in FY26, as demand accelerates across the Corporate Green Power Programme (CGPP), Battery Energy Storage Systems and the upcoming LSS6 tender,' Solarvest Executive Director and Group Chief Executive Officer Davis Chong Chun Shiong said. He shared that as of March 31, 2025, Solarvest holds an unbilled orderbook of RM1.24 billion, which will be progressively recognised through FY26 and FY27. 'The momentum is just beginning,' said Chong. 'With the upcoming LSS5+ and LSS6 tenders and a potential rise in electricity tariffs this July, project feasibility under the Corporate Renewable Energy Supply Scheme is improving. That opens new doors for us to accelerate adoption in both utility-scale and commercial & industrial (C&I) segments,' Chong said, adding that the C&I segment alone is expected to generate around RM200 million in new projects annually, underscoring steady demand from corporates looking to decarbonise operations. Looking ahead, Solarvest is preparing for the launch of the Community Renewable Energy Aggregation Mechanism, a game-changing framework that will allow energy companies to generate electricity from rooftop solar systems and sell it directly to both commercial and residential users. This is expected to unlock a new frontier of decentralised, consumer-focused energy solutions. Related