Kinergy Breaks Half-Billion Ringgit Mark For The First Time, Lifts Profit After Tax To RM30.1 Million In FY2025

Kinergy Advancement Berhad reported a milestone year for the financial period ending 31 December 2025, achieving its strongest performance to date as revenue crossed the half-billion-ringgit mark for the first time. In its filing to Bursa Malaysia, the company announced that FY2025 revenue rose by 109.6% to RM513.2 million, up from RM244.8 million in the previous year. Profit after tax grew by 36.9% to RM30.1 million, while earnings per share increased to 1.42 sen. According to the company’s statement, this sharp improvement reflects Kinergy’s transformation strategy, which focuses strongly on the sustainable energy sector. The shift has reshaped the group’s revenue structure, moving it from being primarily an engineering services provider to becoming a significant player in the wider energy industry.

Kinergy’s Group Executive Deputy Chairman and Managing Director, Datuk Lai Keng Onn, said that the FY2025 performance shows the company’s capability to manage major projects while maintaining discipline across operations. He noted that scaling revenue while keeping margins intact, expanding recurring income streams and building operational resilience remain key priorities. He also pointed to the group’s partnership with B.Grimm Power as a major step in its evolution from an EPCC contractor to an Independent Power Producer.

The Sustainable Energy Solutions segment delivered the largest contribution to Kinergy’s growth, accounting for 70% of total revenue. Segment revenue surged by 191.5% to RM360.1 million, while profit from the segment increased by 60% to RM48.4 million. Much of this success was supported by major gas engine power plant projects awarded by PETRONAS in Sabah and Labuan. These projects demonstrated Kinergy’s ability to deliver large-scale power solutions on schedule and helped strengthen its standing with key clients.

FY2025 was also an important year for Kinergy’s move into power plant ownership and recurring revenue generation. The acquisition of Jati Cakerawala, together with the partnership with B.Grimm Power, gives the company the ability to earn profit during a project’s construction phase and secure steady cash flow once the facility becomes operational. This transition toward recurring revenue is expected to play an increasingly important role in the coming years, helping reduce reliance on one-off project earnings.

The company saw strong momentum in the final quarter as well. For 4QFY2025, revenue increased by 141.1% to RM191.4 million, while profit before tax grew by 117.8% to RM17 million. Margins also improved significantly, rising to 15.4% compared to 10.3% in the same quarter of FY2024. Looking ahead, Kinergy has a solid pipeline backed by RM1.03 billion in energy-segment bookings and a further RM2.24 billion in active tenders. This positions the company for continued growth as it advances its role in the energy sector and strengthens its foundation of recurring income.