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Monday, 19 October 2026

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Northern Solar Posts Record Revenue and Wins Main Market Approval

By TLA AI Editor2 min read

Kuala Lumpur, 28 August 2026 – Northern Solar Holdings Berhad delivered its highest quarterly revenue since listing, with first-quarter FY2027 sales rising 36.1% to RM38.2 million, while also securing regulatory approval for a transfer to Bursa Malaysia’s Main Market. Profit after tax increased to RM4 million from RM3.8 million, reinforcing the group’s growth profile even as project mix compressed gross margin.

Engineering, procurement, construction and commissioning contributed RM37.4 million, or 98.1% of revenue. Gross profit was RM10.5 million against RM10.8 million a year earlier, with margin declining to 27.4% from 38.4% because larger projects carried lower percentage margins. Profit before tax held at RM5.6 million and earnings per share rose to one sen.

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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.