Kinergy Advancement Bhd delivered a transformational financial year ended Dec 31, 2025 (FY25) as revenue surged past the RM500 million mark for the first time, while profit after tax (PAT) climbed 36.9% to RM30.1 million.
For FY25, revenue more than doubled by 109.6% to RM513.2 million compared to RM244.8 million a year earlier, underscoring the success of the group’s strategic pivot towards sustainable energy.
Executive Deputy Chairman and Group Managing Director Lai Keng Onn said the results reflect Kinergy’s evolution from a traditional engineering services provider into an energy-driven business anchored by ownership participation and recurring income.
The Sustainable Energy Solutions (SES) segment emerged as the primary growth engine, contributing RM360.1 million in revenue, a 191.5% year-on-year (YoY) increase, and posting segment profit of RM48.4 million, up 60%. The segment now accounts for 70% of the group’s revenue.
Performance was bolstered by strong execution of its flagship Petronas gas engine power plant project in Sabah and Labuan, demonstrating Kinergy’s ability to deliver complex, large-scale energy infrastructure on schedule.
FY25 also marked the group’s first steps into power plant ownership and recurring cashflows, following the acquisition of Jati Cakerawala and a strategic partnership with Thailand-based independent power producer B.Grimm Power. The collaboration enables Kinergy to capture EPCC value during construction while building long-term income streams through asset participation.
Momentum continues to strengthen into the fourth quarter, with revenue soaring 141.1% YoY to a record RM191.4 million, while quarterly PAT rose to RM9.7 million from RM5.3 million previously.
Looking ahead, earnings visibility remains firm. As at 31 December 2025, Kinergy’s energy segment order book stood at approximately RM1.03 billion, with an additional RM2.24 billion in active tenders.
Its total pipeline across segments is estimated at RM3.9 billion, providing clear multi-year earnings visibility as the group deepens its transition into a sustainable energy player with recurring income foundations.
