KUALA LUMPUR: Kinergy Advancement Bhd (KAB) posted RM155.49 million in revenue for the third quarter (Q3) ended September 30, 2025 (FY25), marking a substantial 90.8% increase year-on-year, from RM81.52 million in the same quarter last year.
This lifted the group’s cumulative nine-month revenue to RM321.79 million, representing a 94.6% year-on-year increase from RM165.38 million previously.
Net profit for Q3 rose 29.3% year-on-year to RM7.90 million for the quarter, bringing 9M FY25 net profit to RM20.64 million, up from RM16.64 million in the corresponding period.
The sustainable energy segment (SES) continued to anchor the group’s performance, delivering RM125.18 million in revenue for Q3 FY25—more than triple the RM40.17 million achieved in Q3 FY24.
Operating profit for the segment rose to RM10.55 million, boosted by the new 120 MW SES project in Labuan alongside progress on ongoing energy projects.
The Engineering segment recorded RM30.14 million in revenue, below Q3 FY24 levels but in line with the expected completion of several legacy projects.
Operating profit for the segment was RM1.50 million, reflecting KAB’s more selective tendering approach, which prioritises higher-margin, strategically aligned opportunities as the group continues its shift towards long-term, asset-backed income streams.
Executive deputy chairman and group managing director Datuk Lai Keng Onn said the Q3 results highlight the strength of the company’s strategy, with SES remaining a key growth engine, complemented by disciplined engineering execution that underpins sustainable performance and future project readiness.
“Key project milestones were achieved this quarter, with revenue recognition in line with progress, and the commencement of our largest new EPCC SES project is expected to materially contribute to our growth trajectory in the energy segment.
“With a strong tender pipeline and a clear strategy, I am confident that KAB is well positioned to enter the final quarter of the year,” he said in a statement.
As at September 30, 2025, KAB maintained a healthy order book of approximately RM1.12 billion, of which RM1.12 billion is attributed to the SES segment and RM62 million to the engineering division.
The group’s tender pipeline remains robust at RM2.84 billion, comprising RM2.735 billion in SES and RM100 million in engineering tenders, reflecting strong project visibility and growth opportunities across both segments.
The group’s largest contract to date made a meaningful contribution to Q3 revenue, alongside existing SES projects, materially supporting revenue recognition and contributing to the quarter’s strong results.
KAB remains confident that its expanding portfolio of sustainable energy projects will continue to unlock opportunities across neighbouring Asean markets.
The group is firmly committed to pursuing growth initiatives that expand its SES footprint and strengthen its customer base.
