MAIN Market-listed one-stop provider of sustainable energy and engineering solutions, Kinergy Advancement Bhd (KAB), has posted healthy revenue growth on the back of sustained momentum in its Sustainable Energy Solutions (SES) segment for its 3Q FY2025 ended Sept 30, 2025.
Formerly Kejuruteraan Asastera Bhd, the group posted RM155.49 mil in revenue, marking a substantial 90.8% year-on-year (yoy) jump from RM81.52 mil in the same quarter last year.
This lifted the group’s cumulative nine-month revenue to RM321.79 mil or a 94.6% yoy surge from RM165.38 mil previously.
Net profit attributable to shareholders rose 29.3% yoy to RM7.90 mil for the quarter (3Q FY2025: RM6.11 mil), bringing Kinergy’s 9M FY2025 net profit to RM20.64 mil, up 24% yoy (9M FY2024: RM16.64 mil).
The SES segment continued to anchor the group’s performance, delivering RM125.18 mil in revenue for 3Q FY25 – more than triple the RM40.17 mil a year ago. Operating profit for the segment rose to RM10.55 mil, boosted by the new 120MW SES project in Labuan alongside progress on on-going energy projects.
SES remains main growth pillar
Elsewhere, the Engineering segment recorded RM30.14 mil in revenue which was below that of 3Q FY2024 in line with the expected completion of several legacy projects.
Operating profit for the segment was RM1.50 mil, reflecting Kinregy’s more selective tendering approach by prioritising higher-margin and strategically aligned opportunities as the group continues its shift towards long-term, asset-backed income streams.
“SES remains a key growth engine, complemented by disciplined Engineering segment execution that underpins sustainable performance and future project readiness,” commented Kinergy’s group managing director Datuk Lai Keng Onn.
“Key project milestones were achieved this quarter with revenue recognition in line with progress and the commencement of our largest new EPCC (engineering, procurement, construction, and commissioning) SES project is expected to materially contribute to our growth trajectory in the energy segment.”
Added Lai who is also Kinergy’s executive deputy chairman: “With a strong tender pipeline and a clear strategy, I’m confident that the group is well-positioned to enter the final quarter of the year.”
As of end-September 2025, Kinergy has maintained a healthy order book of above RM1.12 bil of which RM1.12 bil is attributed to the SES segment and RM62 mil to the Engineering division.
The group’s tender pipeline remains robust at RM2.84 bil comprising RM2.735 bil in SES and RM100 mil in Engineering segment tenders, reflecting strong project visibility and growth opportunities across both segments.
As a while, the group’s largest contract to date made a meaningful contribution to its 3Q FY2025 revenue which alongside existing SES projects, materially supported revenue recognition and reflected in the quarter’s strong results.
At 3.50pm. Kinergy was up 0.5 sen or 1.33% to 38 sen with 7.61 million shares traded, thus valuing the company at RM830 mil. – Nov 25, 2025
