PETALING JAYA: Kinergy Advancement Bhd reported a transformational year for the 12 months ended Dec 31, 2025 (FY25), crossing the half-billion ringgit revenue mark for the first time as a strategic pivot to sustainable energy fundamentally reshaped the group’s earnings profile.
Revenue in FY25 surged 109.6% to RM513.2 million, more than double the RM244.8 million registered a year earlier. Profit after tax climbed 36.9% to RM30.1 million.
Executive deputy chairman/group managing director Datuk Lai Keng Onn said: “FY2025 demonstrates that our people can execute at scale without compromising discipline. Doubling revenue while protecting margins, diversifying into recurring income, and strengthening operational resilience is what truly matters. Our partnership with B.Grimm marks our evolution from an engineering, procurement, construction, and commissioning (EPCC) contractor to an independent power producer reflecting growth that is both deliberate and sustainable.”
He added: “When we made the strategic pivot towards sustainable energy, we understood it would redefine Kinergy’s trajectory. Today, the SES (sustainable energy solutions) segment contributes 70% of group revenue, and we expect this proportion to continue rising. We are no longer purely project-driven – we are building an energy business anchored by ownership participation, recurring cashflows, and a robust order book that provides multi-year visibility. This represents a fundamentally transformed Kinergy, positioned for long-term value creation.”
Kinergy said the SES segment contributed RM360.1 million in revenue (+191.5% year-on-year) and delivered a segment profit of RM48.4 million (+60% year-on-year).
This performance was underpinned by strong execution on Kinergy’s flagship project – the Petronas gas engine power plant in Sabah and Labuan.
FY25 also marked Kinergy’s first steps into power plant ownership and recurring income. The acquisition of Jati Cakerawala, followed by the partnership with B.Grimm Power – one of Asia’s leading independent power producers – positions the group to capture EPCC value during the construction phase while establishing a long-term strategic platform for collaboration on future power and sustainable energy developments.
Revenue in Q4’2025 surged 141.1% year-on-year to RM191.4 million, the strongest quarterly result in the group’s history. Profit before tax jumped 117.8% to RM17 million for the quarter. Margin expansion to 15.4% from 10.3% supported a sharp rise in gross profit to RM29.38 million, up 82.6% highlighting the group’s continued focus on execution discipline, cost management and revenue mix.
As of Dec 31, 2025, the group’s energy segment order book stood at about RM1.03 billion, with an additional RM2.24 billion in active tenders. Kinergy’s total pipeline across both segments stands at about RM3.9 billion, providing clear multi-year earnings visibility.
