Powerwell Holdings Bhd started its new financial year on a strong footing, with profit after tax and non-controlling interest (PATNCI) surging 114.6% year-on-year to RM9 million in the first quarter ended June 30, 2026 (1Q27) from RM4.2 million a year earlier, driven by billings from data centre projects and contributions from the newly acquired Tenaga Kenari group.
Revenue jumped 2.5-fold to a record RM88.3 million from RM35.9 million, marking Powerwell’s highest-ever quarterly top line and surpassing its previous record of RM67.4 million in 3Q24.
The stronger performance extended the momentum from FY26, supported by the group’s established delivery track record and technical capabilities across power distribution solutions.
Powerwell also secured its largest-ever contract worth RM158.8 million in June 2026, exceeding its previous single-largest data centre contract of RM68.5 million secured in January.
As at June 30, the group’s order book stood at approximately RM268.9 million, providing clear earnings visibility.
Looking ahead, Powerwell said its outlook remains positive, supported by opportunities in the data centre, renewable energy, semiconductor and infrastructure sectors, alongside an active tender pipeline.
The group is also continuing to invest in production capacity to support its growing project pipeline, while remaining cautious over geopolitical developments, market uncertainties and broader macroeconomic conditions.
