HE Group Bhd posted a 26.2% year-on-year increase in net profit to RM7.7 million for the six months ended June 30, 2026 (1H26), from RM6.1 million a year earlier, supported by stronger project execution and continued momentum from data centre-related contracts.
Revenue for 1H26 also rose 13.8% to RM72.4 million from RM63.6 million, with power distribution systems and electrical equipment hook-up and retrofitting accounting for 96.1% of total revenue.
For the second quarter (2Q26), net profit surged 59.4% to RM5.1 million from RM3.2 million previously, while revenue jumped 44.1% to RM46.1 million from RM32 million, driven by higher progress recognition from ongoing contracts, including data centre projects.
The power distribution systems segment remained the largest contributor in 2Q26, generating RM40.6 million, or 88% of quarterly revenue.
Managing Director Haw Chee Seng said the quarter was among HE Group’s strongest since listing, reflecting disciplined project selection and execution.
The group recently secured its largest data centre project to date, a RM102 million subcontract in Johor, and subsequently accepted a letter of intent worth another RM47 million for 275kV electrical works for a separate Johor data centre project.
HE Group also secured a RM20 million power distribution contract for a manufacturer of advanced NAND flash memory products in May.
As at Aug 17, 2026, the group’s order book stood at approximately RM292 million, providing earnings visibility into the year ahead.
