Swift Energy Technology Bhd reported weaker financial results for the fourth quarter (4Q25) and full year ended Sept 30, 2025 (FY25), as reduced activity in its manufacturing and engineering services segments weighed on performance.
The company’s revenue fell 16.3% for 4Q25 to RM24.5 million from RM29.3 million in 4Q24, while profit after tax (PAT) declined sharply to RM3.3 million, down from RM5.3 million in 4Q24.
For the full year, the PAT slipped to RM12.1 million compared to RM17 million in FY24. Revenue came in at RM94.2 million, a 14.9% decrease from RM110.7 million recorded in FY24. The downturn was driven mainly by softer contributions from the manufacturing and engineering services segments.
Manufacturing remained Swift Energy’s largest business line, contributing RM72.1 million or 76.5% of FY25 revenue, followed by Trading at RM16.1 million (17.1%) and Engineering Services at 6.4%.
Despite the overall slowdown, several regional markets posted strong growth. Malaysia led with RM35.97 million in revenue (38.2%), reaffirming its status as the company’s core operating base. China surged 175.7% year-on-year (YoY) to RM26.2 million, representing 27.9% of the company’s revenue, buoyed by increased billings from both Malaysian and China SBUs for projects across international markets. Vietnam recorded nearly tenfold YoY growth, while Thailand, Singapore, Papua New Guinea and other markets collectively contributed 33.9%.
Chief Executive Officer Tan Bin Chee said FY25 reflected a challenging operating environment marked by global uncertainty, supply chain realignments and volatile commodity markets. He noted that Swift Energy’s strong fundamentals, long-term customer relationships and niche expertise in explosion-proof solar photovoltaic systems continued to support its market position.
Tan added that while sales momentum softened, the company enters FY2026 “with cautious optimism”, underpinned by a solid pipeline of projects currently under execution and expected to translate into healthier revenue recognition next year.
He highlighted growing global adoption of industrial automation and continued demand for safety-critical renewable energy solutions as key trends positioning Swift Energy for future growth.
Looking forward, he said the company aims to strengthen operational efficiency and deepen its presence across Asia-Pacific as manufacturing diversification and renewable energy expansion continue to create new opportunities.
