Samaiden reports higher 1Q26 earnings

PETALING JAYA: Samaiden Group Bhd expects further growth momentum from the continuing rollout of large-scale solar initiatives under the large-scale solar 5 (LSS5) and LSS5+, and the planned launch of the LSS6 programme targeting an additional 2 gigawatts of capacity.

In a filing with Bursa Malaysia, the engineering, procurement, construction and commissioning firm said its order book as at Sept 30, 2025 stood at RM617.5mil, anchored by ongoing projects under the LSS5 and corporate green power programmes with engineering and procurement works progressing as scheduled.

For its first quarter ended Sept 30, 2025 (1Q26), Samaiden’s net profit rose to RM6.2mil from RM3.3mil in the previous corresponding period, while revenue climbed to RM88.11mil from RM49.39mil previously.

Samaiden said the robust performance was primarily driven by the construction progress of utility-scale projects.

On a quarter-on-quarter basis, revenue declined to RM88.11mil from RM134.95 million in 4Q25 due to the near completion of several utility-scale projects.

“Nevertheless, profit before tax rose to RM9.23mil from RM8.39mil, reflecting tighter cost control and the absence of expected credit loss provisions that were recognised in the preceding quarter.

“Profit after tax stood at RM6.13mil compared to RM7.08mil previously, mainly due to losses incurred by certain subsidiaries,” said the company.

Samaiden also declared and approved a first interim single-tier dividend of 1.4 sen per ordinary share in respect of the financial year ending June 30, 2026.

“Our 1Q26 results mark a solid start to the financial year and reflect our continued operational discipline and execution strength. The supportive policy environment, including NETR and Budget 2026 initiatives, will continue to open new avenues for growth across utility-scale and commercial segments.

“With a robust order book of RM617.5mil and multiple LSS projects underway, Samaiden is well-positioned to capitalise on Malaysia’s accelerating renewable energy transition and deliver sustained value to our stakeholders,” group managing director Datuk Ir. Chow Pui Hee said in a statement.