Last updated on December 25, 2025
KUALA LUMPUR: Express Powerr Solutions (M) Bhd (“Express Powerr” or “the Company”), a 20-year provider of generator rental services, has launched its prospectus ahead of its initial public offering (“IPO”) and listing on the ACE Market of Bursa Malaysia Securities Berhad.
The Company aims to raise RM36.0 million from the IPO, with proceeds channeled into expanding its generator fleet, acquiring medium and high-voltage equipment, repaying bank borrowings, and supporting working capital needs.
With a fleet of 115 generator units, of which over 70% are large-sized generators above 500kVA and 70% are mounted on trucks for mobility, Express Powerr provides emergency, planned maintenance, and standby power solutions to clients nationwide. Its customer base spans utilities, M&E, manufacturing, construction, events, and government agencies, with Tenaga Nasional Berhad (TNB) and Sabah Electricity Sdn Bhd (SESB) among its key clients.
Managing Director Lim Cheng Ten said:
“The launch of our prospectus marks a pivotal step towards our listing on the ACE Market. We are ready to embark on the next phase of growth by expanding our fleet of generators, broadening our customer base, and extending geographical coverage. The funds raised will enable us to expand our fleet by at least 36 units and strengthen our ability to serve a wider customer base, particularly in the northern region.”
IPO Details
- Total shares offered: 245.41 million (180.0m new issue shares; 65.4m offer-for-sale shares)
- IPO price: RM0.20 per share
- Enlarged share capital: 934.45 million shares
- Expected market capitalisation: RM186.9 million upon listing
- Public balloting closes: 8 September 2025
- Target listing date: 24 September 2025
- Dividend policy: 30–50% payout of profit after tax
Financial Performance
The Company recorded RM70.2 million revenue in FY2024, up from RM19.3 million in FY2021, reflecting a 53.7% CAGR over three years. Net profit grew at a 43.1% CAGR, rising from RM5.7 million in FY2021 to RM16.6 million in FY2024.
For the financial period ended 31 March 2025, Express Powerr posted RM12.9 million revenue (+8.9% YoY) and RM2.9 million net profit (+16.9% YoY).
Strategic Growth
Proceeds from the IPO will be utilised as follows:
- RM20.5m (56.9%) – Purchase of new generators
- RM5.0m (13.9%) – Medium and high-voltage equipment
- RM4.1m (11.3%) – Working capital
- RM2.2m (6.2%) – Listing expenses
- RM4.2m (11.7%) – Repayment of borrowings
Beyond generators, Express Powerr is venturing into solar PV solutions, having registered as both a solar PV investor and service provider in 2024, aligning with Malaysia’s push towards renewable energy.
“This move not only complements our core machinery business but also positions us in future-ready sectors with strong demand drivers. By combining our operational capabilities with new technologies, Express Powerr is committed to delivering innovative and reliable power solutions nationwide,” added Lim.
The Company operates from seven yards across Malaysia, including Klang, Kuala Lumpur, Johor, Penang, Kelantan, and Sabah, ensuring extensive coverage and rapid deployment capability.
