Last updated on December 25, 2025
KUALA LUMPUR, 26 November 2025 — Power distribution equipment specialist Powerwell Holdings Berhad reported its strongest first-half performance to date, with revenue rising 64.8% year-on-year (YoY) to RM75.1 million for the six months ended 30 September 2025 (1HFY26). Net profit more than doubled to an all-time high of RM9.4 million, boosted by higher deliveries in Malaysia, robust overseas contributions and improved project margins.
For the second quarter (2QFY26), Powerwell posted RM39.2 million in revenue, up 35.1% YoY from RM29.0 million. The Group benefited from stronger demand across all geographical markets, supported by contributions from its newly acquired fire suppression systems subsidiaries.
Gross profit margin expanded sharply to 31.2%, compared with 18.3% a year earlier, reflecting more efficient utilisation of production capacity and a greater mix of higher-margin electrical distribution projects. This margin improvement helped lift net profit to RM5.2 million, more than double the RM2.4 million recorded in the same period last year.
Record-High First Half Earnings
Cumulatively, Powerwell delivered RM75.1 million in 1HFY26 revenue (1HFY25: RM45.6 million), supported by higher deliveries in Malaysia as well as stronger orders from Bangladesh and Indonesia. Net profit surged 2.6 times from RM3.6 million to RM9.4 million, a level the Group surpassed for the first time in its first-half results.
CEO: “We achieved our best-ever first half performance”
Managing Director Catherine Wong Yoke Yen said the results reinforce the Group’s operational momentum and favourable sector tailwinds.
“We are pleased to have kept up the healthy earnings growth momentum and delivered our best-ever first half performance. Looking ahead, Powerwell continues to ride on multi-sector headwinds supported by favourable industry outlook.”
She noted that Malaysia’s GDP expanded 5.2% in the third quarter of 2025, supported by resilient domestic demand, placing the nation on track to reach the upper end of the government’s full-year forecast of 4% to 4.8%.
She also highlighted the strong pipeline of public-sector infrastructure spending under the 13th Malaysia Plan, which allocates RM430 billion in development expenditure.
Data Centre Expansion Continues with New RM9.5 Million Win
Wong said the region’s data centre industry remains in its early stages but continues to expand rapidly due to rising demand for cloud computing and artificial intelligence (AI).
“We have strong technical expertise and an established track record to meet the higher power intensity and redundancy requirements of higher-tier data centres. In November 2025, we secured a RM9.5 million data centre project in Selangor, our third win in FY26.”
Job flows from renewable energy, data centres and infrastructure projects are expected to accelerate. To meet growing demand, Powerwell recently completed a 20% expansion of assembly lines at its Kota Kemuning plant.
Fire Suppression Segment Strengthens Earnings
Powerwell’s recent entry into the fire suppression market is also progressing positively.
“Our investment continues to bear fruit and is contributing positively. Integration is progressing well, and we have begun cross-selling initiatives and joint participation in industry events,” Wong added.
Despite a dynamic macroeconomic environment, she said the Group remains cautiously optimistic, supported by broad-based opportunities and improving demand visibility.
Order Book and Dividend Declaration
As at 30 September 2025, Powerwell maintained a healthy order book of RM105 million, excluding the recently secured RM9.5 million data centre contract. This provides strong earnings visibility for the coming quarters.
The Group declared a first interim dividend of 0.5 sen per share, amounting to RM2.9 million, for the financial year ending 31 March 2026 (FY26).
