KUALA LUMPUR (Aug 25): MN Holdings Bhd (KL:MNHLDG) posted a near 2.5-fold increase in net profit to RM12.06 million for its fourth quarter ended June 30, 2025 (4QFY2025), compared with RM4.96 million a year earlier. The sharp rise was driven by accelerated progress in major construction projects within its substation engineering segment.

Quarterly revenue surged to RM179.42 million, more than double the RM73.44 million reported in 4QFY2024, according to the group's exchange filing.

The group, however, recorded net impairment losses on financial and contract assets amounting to RM9.72 million during the quarter, significantly higher than the RM617,000 reported a year ago.

For the full year, MN Holdings’ net profit nearly tripled to RM48.22 million from RM16.91 million in the previous year, while total revenue doubled to RM535.43 million from RM256.18 million. The substation engineering segment contributed 67% of total revenue, with underground utilities engineering accounting for the remaining 33%.

No dividend was declared for the year.

As of June 30, MN Holdings' order book stood at RM1.11 billion.

Managing director Datuk Clement Toh described the results as record-breaking, attributing the performance to strategic positioning and disciplined execution. “Our underlying profitability continues to improve significantly, underscoring the resilience of our business model,” he said.

He added: “As Malaysia scales up its renewable energy and data centre infrastructure backed by strong public-private investments under RP4 (Regulatory Period 4), the 13th Malaysia Plan, and other national initiatives, MN Holdings is well-positioned to capture these growth opportunities. We remain committed to strengthening our order book and delivering long-term value to stakeholders.”

With a well-diversified project portfolio and a growing presence in high-demand sectors, MN Holdings said it remains focused on sustaining momentum and supporting Malaysia’s infrastructure and energy transformation goals.

Shares in MN Holdings closed down one sen or 0.7% to RM1.51 on Monday, valuing the group at RM898 million. Year to date, the stock has gained 20.8%.