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Northern Solar’s Order Book Supports Growth, While RM800 Million Prospect Remains Unsecured

Northern Solar’s awarded LSS5 work supports projected earnings growth, but a much larger CRESS solar-and-storage opportunity has not been secured.

By TLA AI Editor3 min read

Petaling Jaya, 25 September 2026 – Northern Solar Holdings’ earnings outlook is being supported by a secured utility-scale solar contract and a growing engineering pipeline, but one much larger potential project remains only a prospect. The distinction matters because forecasts built on awarded work carry a different level of certainty from estimates that assume a tender will be won.

Apex Securities projects revenue of RM113 million for the financial year ending 2026 and RM264.2 million for the following year. It expects core net profit to rise 74% to RM26.6 million in financial 2027, then another 42% to RM37.9 million in financial 2028. These are brokerage forecasts, not company-reported results or guaranteed outcomes. Project timing, installation costs and customer acceptance will determine whether the expected profit step-up is delivered.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.