KUALA LUMPUR, 24 September 2025 — Generator rental services provider Express Powerr Solutions (M) Bhd made its debut on the ACE Market of Bursa Malaysia today, opening at 21.5 sen per share, a 7.5% premium over its issue price of 20 sen. The debut saw an encouraging 28.4 million shares traded at the opening bell, underscoring investor appetite for the company’s growth story in the industrial products and services sector.
Express Powerr, listed under the stock name XPB (stock code: 0370), has built its reputation over two decades as a trusted provider of generator rental solutions across Malaysia, serving diverse needs from emergency situations to planned maintenance and large-scale events.
A Growing Market Footprint
Managing Director Lim Cheng Ten highlighted that the company currently commands a 7.8% market share of Malaysia’s light machinery and equipment rental industry. In July 2025, Express Powerr expanded into Penang and Kelantan after securing two significant letters of award, extending its operational footprint to eight states across Peninsular and East Malaysia.
“Today’s listing provides the platform for us to accelerate our long-term strategy — expanding our fleet, enhancing operational efficiency from our new headquarters, and broadening customer reach nationwide,” Lim said. “This IPO is not just about raising capital, but about powering the nation’s critical infrastructure with reliable, efficient solutions.”
Sector Tailwinds Driving Opportunity
Malaysia’s light machinery and equipment rental industry is expected to grow at a compound annual growth rate (CAGR) of 7.6%, reaching RM1.3 billion by 2029, up from RM953.7 million in 2025. Growth is being driven by end-user industries such as construction, oil and gas, and power generation, all of which require dependable generator sets to prevent costly downtime.
Against this backdrop, Express Powerr is positioning itself as a key beneficiary of rising demand, with fresh capital from its IPO earmarked to build capacity and capture new business opportunities.
Use of Proceeds and Financial Performance
From the RM36.0 million raised through the IPO, Express Powerr has allocated:
- RM20.5 million (56.9%) for new generator purchases,
- RM5.0 million (13.9%) for loan repayments,
- RM4.1 million (11.3%) for medium and high voltage equipment,
- RM2.2 million (6.2%) for working capital, and
- RM4.2 million (11.7%) for listing expenses.
The company’s financials also point to momentum: in its latest unaudited results for the second quarter ended 30 June 2025, Express Powerr recorded RM13.0 million in revenue and RM3.1 million in net profit. For the first half of FY2025, revenue stood at RM25.8 million, while net profit reached RM6.0 million. The generator rental business remained the main revenue driver, contributing 97.1%, with solar photovoltaic solutions making up the balance.
As part of its dividend policy, Express Powerr has pledged to distribute 30% to 50% of net profit to shareholders, a commitment aimed at rewarding investor confidence.
Market Confidence
Mercury Securities acted as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for the IPO exercise. Market watchers note that the successful debut — opening at a premium — reflects investor confidence not only in Express Powerr’s fundamentals but also in the broader trajectory of Malaysia’s industrial rental and renewable solutions market.
With its dual focus on generator rentals and solar solutions, Express Powerr appears poised to carve a larger niche in powering Malaysia’s infrastructure, while offering investors exposure to a company balancing steady earnings with forward-looking expansion.
