SHAH ALAM: Leading homegrown power distribution specialist manufacturing low voltage (LV) and medium voltage electrical distribution equipment, Powerwell Holdings Bhd, recorded revenue of RM39.2 million for the second quarter (Q2) ended September 30, 2025 (FY26), an increase of 35.1% year-on-year (YoY) compared to RM29.0 million previously.
The improvement was mainly due to higher deliveries across all geographical markets, coupled with contributions from the newly acquired fire suppression systems subsidiaries.
Powerwell’s gross profit margin also rose to 31.2% in Q2 from 18.3% a year ago.
This reflected more efficient utilisation, as well as contributions from higher-margin projects.
In line with revenue growth and the gross profit margin, the group’s net profit jumped 2.2 times to RM5.2 million from RM2.4 million in the same quarter last year.
On a cumulative basis, the group delivered a solid first-half (1H) revenue of RM75.1
million.
This translates to a 64.8% YoY increase from RM45.6 million in 1H FY25.
The double-digit improvement was mainly driven by increased deliveries in Malaysia alongside higher contributions from Bangladesh and Indonesia.
At the bottom line, net profit surged 2.6-fold to an all-time high of RM9.4 million from RM3.6 million in 1H FY25.
It is noteworthy that this is the first time the group’s first-half net profit has surpassed RM9 million.
Managing director Catherine Wong Yoke Yen said the company has maintained the healthy earnings growth momentum and delivered the best-ever first-half performance.
“Looking ahead, Powerwell continues to ride on multi-sector headwinds supported by a favourable industry outlook.
“Our nation’s gross domestic product (GDP) expanded by 5.2% in the third quarter of 2025, according to Bank Negara Malaysia (BNM), supported by resilient domestic demand.
“This puts the country on track to reach the upper end of the official full-year forecast, between 4% and 4.8%.
“This positive outlook is reinforced by the 13th Malaysia Plan (13MP), which allocates RM430 billion in development expenditure directed towards infrastructure projects,” she said in a statement.
Wong also said the data centre industry in the region remains at an early stage of development and is expanding rapidly, supported by rising demand for cloud computing and artificial intelligence (AI).
“Southeast Asia continues to be a preferred location due to its favourable cost structure.
“More importantly, we have strong technical expertise and an established track record to meet the higher power intensity and redundancy requirements of higher-tier data centres.
“On that note, the group secured a RM9.5 million data centre project in Selangor in November 2025, marking our third data centre win in this financial year (FY26),” she said.
Wong said Powerwell also expects job flows from the renewable energy, data centre, and infrastructure sectors to gain further traction.
The group’s tender pipeline remains promising as our team continues to pursue upcoming prospects.
“As part of our efforts to capture these opportunities, we have completed a 20%
expansion of the assembly lines at our Kota Kemuning plant.
“Switching to our fire-suppression segment, our investment continues to bear
fruit and is contributing positively to the group.
“This acquisition has broadened our portfolio, and integration is progressing well. We have commenced cross-selling initiatives and jointly participated in roadshows and industry events.
“On balance, we remain cautiously optimistic about the Group’s prospects,
underpinned by the aforementioned factors while remaining mindful of the dynamic macroeconomic environment,” Wong said.
As of September 30, 2025, the group’s order book remained healthy at approximately RM105 million, excluding the RM9.5 million contract mentioned above, providing clear earnings visibility.
The group has declared a first interim dividend of 0.5 sen per ordinary share in
respect of the financial year ending March 31, 2026 (FY26), amounting to RM2.9 million.
