MAIN Market-listed one-stop provider of sustainable energy and engineering solutions, Kinergy Advancement Bhd (KAB) (formerly Kejuruteraan Asastera Bhd) expect both its energy and engineering segments propelling the group’s growth in FY2025.
This comes about as the energy segment remains its core revenue driver while the engineering division translates this foundation into executional strength from the group’s largest EPCC (engineering, procurement, construction, and commissioning) contract win.
As it is, Kinergy’s surged 133.8% year-on-year (yoy) to RM97.73 mil in its 2Q FY2025 ended June 30, 2025 (2Q FY2024: RM41.82 mil), driven by project progress across both segments.
For the 1H FY2025 period, the group’s revenue shot up 98.3% yoy to RM166.3 mil (1H FY2024: RM83.86 mil).
Quarterly net profit inched up 16.6% yoy to RM6.49 mil (1Q2 FY2024: RM5.57 mil) to lift Kinergy’s 1H FY2025 net profit 20.9% higher yoy to RM12.74 mil (1H FY2024: RM10.54 mil).
Since FY2024, the group’s strategic transformation has been evident in its segmental performance.
The SES (sustainable energy solutions services) segment is now the primary financial contributor by delivering RM81.1 mil in revenue – a two-fold growth – and RM9.0 mil in operating profit during 2Q FY2025. The engineering segment contributed a stable RM16.5 mil in revenue during the quarter.
Since diversifying into the energy segment, Kinergy has charted a clear and sustainable growth trajectory while its engineering legacy remains a cornerstone of strength and credibility.
With a healthy order book of RM1.34 bil and a tender pipeline of about RM2.78 bil, the group anticipates stronger quality earnings and an enhanced capacity to fund expansion into larger scale projects.
“This quarter’s performance once again reflects the consistent performance of our SES segment which has firmly established itself as the group’s key growth engine since the strategic shift since 2022,” observed Kinergy’s group managing director Datuk Lai Keng Onn.
“Our record RM646 mil EPCC contract, the FiT 2.0 approvals to develop two hydropower projects and the 650MW re-powering initiative for a decommissioned power plant in Perlis mark significant milestones that strengthen earnings visibility.
“This re-affirms our advanced technical expertise while positioning us with a clear edge to independently undertake larger-scale projects.”
Added Lai who is also Kinergy’s executive deputy chairman: “Together, these achievements position us to accelerate our transformation into a full-fledged independent power producer (IPP) while delivering long-term shareholder value and contributing meaningfully to Malaysia’s energy transition.”
At 3.41pm. Kinergy was unchanged at 34 sen with 5.88 million shares traded this valuing the company at RM743 mil. – Aug 21,2025
