KUALA LUMPUR (Nov 27): Pekat Group Bhd’s (KL:PEKAT) net profit jumped 64.35% year on year (y-o-y) in the third-quarter, supported by growth across all its business divisions.

Net profit came in at RM10.27 million for the three months ended Sept 30, 2025 (3QFY2025), compared to RM6.25 million a year ago, said the solar power specialist in a bourse filing.

Quarterly revenue rose 71.47% y-o-y to RM141.7 million from RM82.64 million.

No dividend was declared during the quarter under review.

Its solar division was the largest revenue contributor at RM72.8 million in 3QFY2025, up 33.9% y-o-y from RM54.36 million previously, driven by the progress in a large-scale solar engineering, procurement, construction and commissioning (EPCC) project under the Corporate Green Power Programme (CGPP).

The stronger revenue in 3QFY2025 was also due to the maiden contribution of RM35.25 million from its power distribution equipment segment.

Revenue for the earthing and lightning protection segment grew 38.4% y-o-y to RM16.67 million in 3QFY2025 from RM12.05 million, while its trading division’s revenue rose 4.6% to RM16.97 million from RM16.23 million. Improvement in both segments was mainly attributable to stronger project execution and higher sales orders.

For the nine months of FY2025, Pekat’s net profit more than doubled to RM33.36 million from RM14.67 million in the same period a year ago, while revenue also nearly doubled to RM419 million from RM196.84 million.

Pekat said it is currently developing two 29.99 MWac solar power plants under the CGPP.

“One is an internal investment expected to generate recurring income upon completion by the first half of 2026, while the other, an EPCC project, is anticipated to continue contributing positively to the group’s financial performance throughout its construction period,” it noted.

For its earthing and lightning protection segment, the group will continue to capitalise on opportunities arising from increased foreign direct investment in Malaysia’s data centre industry.

“In addition, Tenaga Nasional Bhd’s (KL:TENAGA) higher capital expenditure to advance Malaysia’s energy transition and decarbonisation initiatives is expected to spur demand for power distribution equipment, creating additional opportunities for the group’s power distribution equipment division,” it added.

On Thursday, Pekat’s share price closed up two sen or 1.27% to RM1.60, giving the group a market capitalisation of RM1.13 billion. Year to date, the stock has surged 61%.