KUALA LUMPUR, August 25, 2025 – Infrastructure utilities construction and engineering solutions specialist MN Holdings Berhad has delivered its best financial performance to date, reporting record earnings for the financial year ended 30 June 2025 (FY2025).
For the fourth quarter (Q4 FY2025), the Group’s revenue surged 144% year-on-year to RM179.42 million, compared to RM73.44 million in the same quarter last year. Profit after tax (PAT) rose sharply by 141% to RM11.94 million, up from RM4.95 million in Q4 FY2024.
The stellar results were driven by the substation engineering segment, which recorded a 359% increase in revenue to RM145.29 million, contributing 81% of quarterly turnover. The segment’s strong momentum was attributed to accelerated progress on major construction projects, reflecting both operational execution and the Group’s strategic expansion initiatives.
Full-Year Record Performance
For the full FY2025, MN Holdings achieved RM535.43 million in revenue, more than double the RM256.18 million reported in FY2024. Net profit soared 182% year-on-year to RM48.36 million, compared to RM17.16 million a year earlier.
Substation engineering remained the key growth driver, contributing 67% of total Group revenue with a remarkable 164% increase to RM356.48 million. The underground utilities engineering division accounted for the remaining 33%, highlighting the Group’s balanced growth across core business lines.
Normalised profit before tax (PBT) also reflected robust improvements. For Q4 FY2025, PBT stood at RM28.77 million, a 263% year-on-year increase, while full-year normalised PBT surged 198% to RM81.94 million.
Strategic Positioning and Future Outlook
Managing Director Dato’ Clement Toh described FY2025 as a milestone year for MN Holdings, underscoring its resilience and strong strategic positioning.
“This record-breaking performance reflects our commitment to operational excellence in the energy and utilities infrastructure space. Our underlying profitability continues to improve significantly, showcasing the strength of our business model,” he said.
Looking ahead, Dato’ Clement noted that Malaysia’s growing focus on renewable energy and data centre infrastructure, supported by public-private investments under RP4 and the 13th Malaysia Plan, presents significant opportunities.
“MN Holdings is well-placed to capture this growth, and we remain focused on disciplined execution, strengthening our order book, and creating long-term value for stakeholders,” he added.
Building Long-Term Momentum
With a diversified project portfolio and a rising presence in high-demand sectors, MN Holdings’ record-breaking FY2025 reflects its ability to consistently deliver growth while supporting Malaysia’s long-term infrastructure and energy transformation agenda.
