MAIN Market-listed one-stop provider of sustainable energy and engineering solutions, Kinergy Advancement Bhd (formerly Kejuruteraan Asastera Bhd), has crossed the half billion-ringgit revenue mark for the first time as its strategic pivot to sustainable energy fundamentally reshaped the group’s earnings profile.
The group’s revenue for its FY2025 ended Dec 31, 2025 grew 110% year-on-year (yoy) to RM513.2 mil (FY2024: RM244.77 mil) while its net profit jumped 41% yoy to RM30.29 mil (FY2024: RM21.47 mil).
Beneath the headline numbers, however, lies a more significant story: KINERGY has fundamentally re-shaped its identity.
It entered FY2025 as an engineering services provider with an energy arm buy closed its financial year as an energy-driven outfit anchored by a proven engineering backbone.
“FY2025 demonstrates that our people can execute at scale without compromising discipline,” commented KINERGY’s group managing director Datuk Lai Keng Onn.
“Doubling revenue while protecting margins, diversifying into recurring income and strengthening operational resilience is what truly matters.
Multi-year earnings visibility
“Our partnership with B.Grimm Power marks our evolution from engineering, procurement, construction and commissioning (EPCC) contractor to an independent power producer (IPP), hence reflecting growth that is both deliberate and sustainable.”
Lai expects the Sustainable Energy Solutions (SES) segment which currently contributes 70% of group revenue “to continue rising in terms of proportion”.
“When we made the strategic pivot towards sustainable energy, we understood it would re-define KINERGY’s trajectory.,” envisages Lai who is also KINERGY’s executive deputy chairman.
“We’re no longer purely project-driven – we’re 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 group that is positioned for long-term value creation.”
FY2025 marked a clear structural shift in KINERGY’s earnings profile. The SES segment contributed RM360.1 mil in revenue (+191.5% yoy) and delivered a segment profit of RM48.4 mil (+60% yoy).
This performance was underpinned by strong execution on KINERGY’s flagship project – the PETRONAS gas engine power plant in Sabah and Labuan.
The project demonstrated the group’s ability to deliver complex, large-scale energy infrastructure on schedule, strengthening its track record with major clients in the sector.
FY2025 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.
Looking ahead, KINERGY possesses robust multi-year earnings visibility. As of end-December 2025, the group’s energy segment order book stood at approximately RM1.03 bil with an additional RM2.24 bil in active tenders.
KINERGY’s total pipeline across both segments stands at about RM3.9 bil, thus providing clear multi-year earnings visibility.
At 4.08pm, Kinergy was down 0.5 sen or 1.27% to 39 sen with 7.94 million shares traded, thus valuing the company at RM852 mil. – Feb 27, 2026
