Samaiden Group Berhad (“Samaiden” or “the Group”), a renewable energy (“RE”) specialist principally involved in development and engineering, procurement, construction and commissioning (“EPCC”) of RE systems and power plants, today announced its financial results for the third quarter ended 31 March 2026 (“Q3 FY2026”).
For the cumulative nine-month financial period ended 31 March 2026 (“9M FY2026”), the Group recorded revenue of RM258.76 million, representing an increase of RM40.16 million or 18.37% from RM218.60 million in the corresponding period of the preceding financial year. Profit Before Tax (“PBT”) rose substantially by RM14.84 million or 84.90% to RM32.34 million, while Profit After Tax (“PAT”) increased by RM11.20 million or 85.76% to RM24.26 million. The stronger 9M FY2026 performance was mainly attributable to the commencement and progressive construction of several utility-scale solar and Corporate Green Power Programme (“CGPP”) projects during the period under review. The Group’s improved profitability was further supported by better supply chain management, disciplined project execution and more effective cost control across ongoing projects, reflecting Samaiden’s ability to preserve profit margins while scaling its project execution activities.
For Q3 FY2026, Samaiden recorded revenue of RM67.85 million, compared with RM89.17 million in the corresponding quarter of the preceding financial year. The lower revenue was mainly due to lower revenue recognition from certain LSS5 projects, which were still at the early site-preparation stage during the quarter. Despite the softer top-line performance, profitability improved significantly, with PBT rising 87.19% year-on-year to RM12.29 million from RM6.56 million, while PAT increased 82.49% to RM9.10 million from RM4.99 million.
In addition to its utility-scale solar and CGPP projects, Samaiden also continued to strengthen its position in delivering high-complexity EPCC clean energy solutions for large corporations during the quarter under review. On 29 April 2026, the Group announced the successful completion of a solar photovoltaic (“PV”) installation for Nippon Electric Glass (Malaysia) Sdn. Bhd., incorporating both rooftop solar PV and Building-Integrated Photovoltaic systems alongside Medium Voltage Systems. The project further reinforced Samaiden’s capabilities in delivering integrated, end-to-end clean energy solutions while supporting clients’ sustainability and carbon reduction goals.
Group Managing Director of Samaiden, Datuk Ir. Chow Pui Hee said, “Our 9M FY2026 results reflect the strength of Samaiden’s execution capabilities and the quality of our project pipeline. While revenue recognition in Q3 FY2026 was moderated by the early-stage progress of certain LSS5 projects, the improvement in profitability shows that we are managing our projects with greater cost discipline and supply chain efficiency. As more utility-scale solar and CGPP projects move into progressive construction phases, we remain focused on delivering sustainable growth while maintaining operational resilience.”
Malaysia’s renewable energy sector continues to be supported by the country’s long-term energy transition agenda, with ongoing opportunities arising from utility-scale solar programmes, corporate renewable energy adoption and the increasing need for clean energy infrastructure. Against this backdrop, Samaiden remains well-positioned to participate in upcoming RE opportunities while continuing to execute its existing projects with a strong focus on delivery, margin preservation and prudent cost management.
