KUALA LUMPUR (Feb 12): Wasco Greenergy Bhd’s (KL:GENERGY) reported a 13.3% higher net profit for the fourth quarter ended Dec 31, 2025 (4QFY2025), as better profit margins and lower expenses helped to cushion  lower revenue from its renewable energy and industrial energy and equipment segments.

Net profit for 4QFY2025 rose to RM7.5 million from RM6.6 million a year earlier.

Quarterly revenue declined 9.65% to RM67.97 million from RM75.23 million, dragged by lower deliveries of steam turbines and reduced after-sales service revenue, it said in a bourse filing.

The group declared a single-tier interim dividend of two sen per share, payable on April 17.

For FY2025, revenue slipped 3.7% to RM266.5 million from RM276.7 million in FY2024. Net profit was RM22.7 million, which was 33.8% lower versus RM34.3 million a year earlier.

Looking forward, Wasco Greenergy said its order book is expected to support performance in the coming quarters. As at end-December 2025, its order book stood at RM241.3 million, comprising RM215.1 million from the renewable energy segment and RM26.2 million from the industrial energy and equipment segment.

Wasco Greenergy, which listed on Bursa Malaysia’s Main Market in December 2025 at RM1 per share, debuted below its IPO price. Its shares closed at 64.5 sen on Thursday, down 1.5 sen or 2.27%, valuing the company at RM322.5 million.