Solarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP Projects

Malaysia-based clean energy company Solarvest Holdings Berhad has reported growth in revenue and net profit for the first quarter ended June 30, 2026 (1QFY27), supported by the execution of Large Scale Solar 5 (LSS5) and Corporate Green Power Programme (CGPP) projects.

Solarvest recorded RM155.9 million in revenue and RM19.0 million in net profit during 1QFY27, representing year-on-year increases of 13.2% and 19.8%, respectively. Net profit margin improved to 12.2%, compared with 11.5% in the corresponding quarter last year.

The company’s engineering, procurement, construction and commissioning (EPCC) segment remained the largest revenue contributor, generating RM139 million, or 89.1% of total revenue. Electricity sales increased 25.8% YoY to RM9.6 million, compared with RM7.6 million in 1QFY26.

Solarvest has secured an aggregate 135 MWp capacity through corporate power purchase agreements under its Powervest pipeline, which is expected to generate RM54.4 million in annual recurring revenue once fully completed over the next 12–18 months.

The Group maintained an unbilled EPCC order book of RM2.371 billion, while its project tender book and pipeline stood at 9.96 GWp in Malaysia and 1.81 GWp across international markets.

Solarvest said Malaysia’s expanding solar-plus-BESS market, supported by the recently announced 2.65 GW LSS6 programme, is creating additional opportunities across renewable generation, energy storage, grid infrastructure and energy management. The company is targeting an order book of RM5 billion over the next year.


Subscribe to get the latest posts sent to your email.

 

  • Related Posts

    Vedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030

    Vedanta Group has invested more than US$1 billion in net-zero transition initiatives through FY2025-26, as the company expands its renewable energy use and works to reduce the carbon intensity of…

    GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive Year

    GoodWe has been named a Tier 1 PV Inverter Supplier by S&P Global Energy for the 2026 reporting year, marking the second consecutive year the company has received the designation.…

    Have You Seen?

    Finland inaugurates first bioLNG plant

    • August 19, 2026
    Finland inaugurates first bioLNG plant

    Vision 2030: If you’re not at the table, you’re on the menu

    • August 19, 2026
    Vision 2030: If you’re not at the table, you’re on the menu

    Vedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030

    • August 19, 2026
    Vedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030

    GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive Year

    • August 19, 2026
    GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive Year

    Tata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption Surges

    • August 19, 2026
    Tata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption Surges

    IESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy Transition

    • August 19, 2026
    IESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy Transition

    Solarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP Projects

    • August 19, 2026
    Solarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP Projects

    Gulf-to-China Supertanker Rates Hit $510,000 a Day

    • August 18, 2026
    Gulf-to-China Supertanker Rates Hit $510,000 a Day

    Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown

    • August 18, 2026
    Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown

    China’s Solar Exports Fell 21.4% in July

    • August 18, 2026
    China’s Solar Exports Fell 21.4% in July