Verdant Solar Holdings Berhad (“Verdant Solar” or the “Group”), an integrated solar photovoltaic (“PV”) solutions provider, today announced its unaudited financial results for the fourth quarter ended 30 June 2026 (“Q4 FY2026”), supported by stronger operational performance, higher customer acquisition and continued demand across Malaysia’s residential and commercial solar segments.
Revenue for the quarter increased significantly to RM20.04 million, primarily contributed by the Group’s Engineering, Procurement, Construction and Commissioning (“EPCC”) segment, which accounted for RM19.54 million or 97.50% of total revenue. Operations and maintenance (“O&M”) services contributed RM0.39 million, while trading of solar products contributed RM0.11 million. The stronger performance was driven by higher project completions and billings recognised during the quarter, alongside continued momentum under the Solar Accelerated Transition Action Programme (“Solar ATAP”) and the recently introduced SuRIA Home rebate initiative.
Gross profit rose to RM6.52 million in Q4 FY2026, representing a gross profit margin of 32.52%. The margin improvement reflected stronger sales activity following the seasonally softer third quarter, supported by enhanced overhead cost discipline and improved inventory management. The Group recorded a profit before tax (“PBT”) of RM1.84 million and profit after tax (“PAT”) of RM1.53 million during the quarter, representing a substantial turnaround from the loss before tax of RM2.24 million and loss after tax of RM1.98 million recorded in the preceding quarter. The improvement was primarily attributable to stronger revenue generation, improved gross profit and enhanced operational execution.
For the financial year ended 30 June 2026, the Group recorded revenue of RM59.52 million and gross profit of RM19.67 million, with a gross profit margin of 33.05%. Loss before tax stood at RM1.61 million, while loss after tax was RM1.87 million. Excluding one-off listing expenses of RM2.62 million incurred during the financial year, the Group would have recorded an adjusted profit before tax of RM1.01 million.
Mr. Zeth Lim, Managing Director of Verdant Solar Holdings Berhad commented, “Malaysia’s renewable energy market continues to present attractive long-term opportunities as consumers and businesses place greater emphasis on energy savings, sustainability and energy resilience. As demand for integrated solar and energy storage solutions continues to grow, we remain focused on strengthening our market presence, enhancing customer experience and supporting the nation’s transition towards cleaner energy.”
During the quarter, the Group continued to benefit from stronger residential customer acquisition and sales conversions, partially supported by the Government’s SuRIA Home rebate initiative, which offers eligible residential Solar ATAP adopters rebates of up to RM3,000 per household. The initiative is supported by a RM150 million allocation and is expected to benefit approximately 45,000 to 50,000 households nationwide.
As of 30 June 2026, the Group maintained a strong financial position with cash and cash equivalents of RM51.3 million and low bank borrowings of approximately RM0.6 million. The Group also retained RM27.1 million in unutilised IPO proceeds to support future expansion initiatives, including branch office establishment, strategic investments and digital infrastructure enhancements.
Looking ahead, Verdant Solar remains well-positioned to capitalise on favourable industry fundamentals supported by ongoing government renewable energy initiatives, rising electricity tariff awareness and growing demand for energy security solutions. The Group will continue expanding its project pipeline across residential and commercial segments, strengthening its EPCC capabilities, improving operational efficiency and enhancing its integrated solar-plus-storage offerings amid increasing Battery Energy Storage System (“BESS”) adoption under Solar ATAP.
As of 30 June 2026, Verdant Solar’s outstanding orderbook stood at approximately RM63 million, representing an increase of RM13.2 million compared with the preceding quarter, providing continued earnings visibility over the coming quarters. The orderbook reflects sustained demand across residential and commercial solar adoption, supported by improving customer acquisition, the SuRIA Home rebate initiative and increasing interest in integrated solar-plus-storage solutions. The Group remains cautiously optimistic about sustaining growth momentum and creating long-term value for stakeholders within Malaysia’s evolving renewable energy landscape.
