Pekat’s net profit jumps 64% in 3Q25

KUALA LUMPUR: Pekat Group Bhd, which posted a 64.3% jump in net profit for the third quarter ended Sept 30 (3Q25), remains optimistic about its near-term prospects, supported by favourable government policies, strong order visibility and sustained sectoral demand.

The solar photovoltaic specialist’s net profit rose to RM10.3mil, or earnings per share of 1.59 sen, lifting its nine-month earnings 127.3% higher to RM33.3mil, or 5.17 sen.

Pekat said the stronger results were driven by continued progress on solar engineering, procurement, construction and commissioning (EPCC) project under the corporate green power programme (CGPP), contributions from the power distribution equipment business, and higher growth in the earthing and lightning protection (ELP) and trading segments.

Quarterly revenue climbed 71.5% to RM141.7mil, while year-to-date revenue surged more than two-fold to RM419mil.

Pekat said it continued to strengthen its financial position, with net assets attributable to shareholders rising to RM188.49mil from RM158.66mil a year ago. Net assets per share improved to 29 sen, compared with 25 sen previously.

Chief executive officer Tai Yee Chee said the results reflect Pekat’s growing scale and improving earnings momentum.

“The ongoing large-scale solar EPCC projects and the integration of the PDE division have broadened our revenue base and strengthened our overall operating performance. We expect these factors to continue driving the group in the coming quarters.

“Government-led initiatives to advance renewable energy adoption, including corporate renewable energy procurement and battery energy storage systems, are creating strong demand for our solutions. With our established track record and healthy balance sheet, we are well-positioned to capture these opportunities,” Tai said.

Pekat is currently developing two 29.99MWac solar power plants under the CGPP. One of the plants, which is an internal investment, is expected to generate recurring income upon commissioning by the first half of 2026, while the EPCC project will continue to contribute positively to earnings throughout its construction period.