MAIN Market-listed renewable energy (RE) system provider Wasco Greenergy Bhd has rolled out its first quarterly results following the group’s listing on Dec 11 last year with its net earnings for 4Q FY2025 ended Dec 31, 2025 having inched up 14.3% to RM7.49 mil year-on-year (yoy) (4Q FY2024: RM6.55 mil).
Although revenue of the RE arm of Wasco Bhd (previously Wah Seong Corp Bhd) dwindled 9.6% yoy during the period under review to RM67.97 mil (4Q FY2024: RM75.23 mil), its gross profit nevertheless rose to RM22.9 mil to reflect improved project margins and operational efficiencies.
The Shariah-compliant group’s normalised pre-tax profit inched up 18.1% yoy to RM13.7 mil while its normalised after-tax profit was 16.7% yoy higher at RM9.8 mil, thus underlining Greenergy’s continued focus on sustainable profitability.
Although Greemergy’s net profit for the entire FY2025 was effectively 33.8% yoy lower at RM22.72 mil (FY2024: RM34.31 mil), the group’s normalised pre-tax profit was up 2.6% yoy to RM43.1 mil while normalised after-tax profit rose 5.6% yoy to RM32.3 mil on improved margins and operational discipline across 2H FY2025.
The Greenergy board has declared an interim single-tier cash dividend of 2 sen/share for FY2025.
“4Q 2025 reflects the strength of Greenergy operations. While revenue can fluctuate depending on project delivery schedules, our focus on margin protection and operational efficiency has led to improved profitability this quarter,” commented Greenergy’s group CEO Lee Yee Chong.
“With a healthy orderbook and steady demand for energy-efficient steam systems, we’re well-positioned to capture opportunities in Malaysia, Indonesia and the wider ASEAN region.”
As 4Q FY2025 ended Dec 31, 2025 was its debut quarter as a listed company, Lee said Greenergy had focused on disciplined execution while building a strong foundation for sustainable growth in the periods ahead.
“Our strategic priorities include expanding asset ownership initiatives, enhancing engineering and digital capabilities and delivering sustainable value for our stakeholders,” he stressed.
Moving forward, the group expects stable demand for efficient and sustainable steam energy systems, driven by industrial efficiency requirements, decarbonisation initiatives and upgrades within the palm oil and process industries.
In this regard, Greenergy will continue to invest in technology, digitalisation and operational improvements while maintaining disciplined execution across projects.
With majority of its orderbook scheduled for recognition in FY2026, the management expects operating momentum to improve as projects progress.
Ob this note, Greenergy has continued to maintain an active tender pipeline although the timing of project awards may be influenced by broader economic conditions to support performance sustainability into FY2026.
At 3.58pm, Greenergy was up 3.5 sen or 5.43% to 68 sen with 1.11 million shares traded, thus valuing the company at RM340 mil. – Feb 13, 2026
