Solarvest Holdings Berhad Reports 53.7% Profit Growth In FY2026 With Record Revenue And Expanding Solar Pipeline

Solarvest Holdings Berhad has reported another year of strong financial growth, marking its fourth consecutive record-breaking performance for the financial year ending 2026. The regional clean energy company recorded a net profit of RM79.8 million, reflecting a significant year-on-year increase of 53.7%. Its total annual revenue also grew strongly by 41% to RM757.1 million, mainly supported by the steady progress of major utility-scale solar projects across Malaysia.

Over the last five years, the company has achieved remarkable expansion. Since 2022, Solarvest’s revenue has increased by 330%, while its net profit has grown nearly eleven times. Despite rapid business expansion, the company also managed to improve its profitability margins. Its gross profit margin increased to 28.3%, while net profit margin strengthened to 10.5%. According to the management, this performance was supported by strong project execution, operational discipline, and better pricing strength across its renewable energy business.

The company’s engineering, procurement, construction, and commissioning segment remained the biggest contributor to overall revenue. This division generated RM673.6 million, accounting for 89% of total revenue during the financial year. Meanwhile, the renewable energy generation segment also showed healthy growth, increasing by 28.5% to RM34.3 million. The growth was mainly supported by rooftop solar projects under Powervest and contributions from operational solar assets.

Solarvest also highlighted the progress of Powervest, which has secured a cumulative capacity of 133MWp through corporate power purchase agreements. These projects are expected to generate around RM53.1 million in annual recurring revenue over the next 12 to 18 months, strengthening the company’s long-term income visibility.

Looking ahead, the company’s future project pipeline remains strong. Solarvest successfully doubled its unbilled order book to RM2.5 billion compared to RM1.3 billion in the previous year. This includes contracts for two of Malaysia’s largest solar farms with a combined capacity of nearly 1.4GWp. In addition, the group currently maintains a tender book totaling 12.62GWp, including 10.81GWp in Malaysia and 1.81GWp from international markets.

The company is also preparing to benefit from Malaysia’s next phase of energy transition policies, particularly in battery energy storage systems, smarter grid management, and energy efficiency solutions. The upcoming Large Scale Solar 6 programme, expected in the second half of 2026, is likely to include mandatory energy storage systems, an area where Solarvest has already started positioning itself strongly for future opportunities.