PETALING JAYA: Samaiden Group Bhd, a renewable energy (RE) specialist, posted revenue of RM88.11 million for the first quarter ended Sept 30, 2025 (Q1’26), representing a 78.4% increase from RM49.39 million in the same quarter last year.
Profit before tax rose 111.6% year-on-year to RM9.23 million in Q1’26 from RM4.36 million in Q1’25, while net profit improved 83.9% to RM6.13 million from RM3.33 million.
The robust performance was primarily driven by construction progress of utility-scale projects.
Samaiden is involved in development and engineering, procurement, construction and commissioning (EPCC) of RE systems and power plants.
On a quarter-on-quarter basis, revenue declined to RM88.11 million from RM134.95 million in Q4’25 due to the near completion of several utility-scale projects.
Nevertheless, profit before tax rose to RM9.23 million from RM8.39 million, reflecting tighter cost control and the absence of expected credit loss provisions that were recognised in the preceding quarter.
Net profit stood at RM6.13 million, down from RM7.08 million previously, mainly due to losses incurred by certain subsidiaries.
The group’s overall financial position remains sound.
In view of this, the board has declared a first interim single-tier dividend of 1.4 sen per ordinary share for the financial year ending June 30, 2026, reflecting the group’s commitment to delivering value to its shareholders while maintaining a robust financial position.
The entitlement date and the payment date will be Dec 1 and Dec 30, respectively.
Samaiden group managing director Datuk Chow Pui Hee said the company’s Q1’26 results mark a solid start to the financial year and reflect its continued operational discipline and execution strength.
“The supportive policy environment, including the National Energy Transition Roadmap and Budget 2026 initiatives, will continue to open new avenues for growth across utility-scale and commercial segments.
“With a robust order book of RM617.5 million and multiple LSS (large-scale solar) projects under way, Samaiden is well-positioned to capitalise on Malaysia’s accelerating renewable energy transition and deliver sustained value to our stakeholders,” she said in a statement.
Malaysia’s ongoing energy transition agenda continues to create strong tailwinds for the renewable energy sector.
Under the 13th Malaysia Plan and Budget 2026, the government has set an ambitious target of achieving 35% renewable energy capacity by 2030 and introduced fiscal incentives, including RM150 million for the National Energy Transition Fund and RM1 billion under the Green Technology Financing Scheme 5.0.
In addition, the planned implementation of a carbon tax by 2026, initially targeting the iron, steel and energy sectors, is expected to accelerate corporate adoption of renewable energy solutions to reduce carbon emissions and mitigate future carbon costs.
The group expects further growth momentum from the ongoing rollout of large-scale solar initiatives under LSS5 and LSS5+, as well as the planned launch of the LSS6 programme, targeting an additional two gigawatts of capacity.
As of Sept 30, Samaiden’s order book stood at RM617.5 million, anchored by ongoing projects under the LSS5 and CGPP programmes with engineering and procurement works progressing as scheduled. The group is actively pursuing new EPCC opportunities under LSS5+ and other renewable-energy tenders to strengthen its pipeline.
