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Wednesday, 11 November 2026

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SKA Capital Debuts on ACE Market After Strong Revenue Growth

SKA Capital raised about RM72.3 million from new shares and plans to fund machinery, performance bonds and working capital.

By TLA AI Editor3 min read

Kuala Lumpur, 11 November 2026 – SKA Capital Berhad has begun trading on Bursa Malaysia’s ACE Market at an IPO price of RM0.43 a share, giving the power-infrastructure engineering group an implied market capitalisation of about RM385.1 million. Its nine-month FY2026 revenue reached RM270.7 million, already 12.1% above full-year FY2025 turnover, while profit after tax attributable to owners was RM26.1 million.

The listing follows a sharp expansion in reported revenue, which rose from RM44.4 million in financial year 2023 to RM241.4 million in FY2025. For the nine months ended 30 September 2026, the group also recorded gross profit of RM54.0 million and profit before tax of RM37.8 million. The figures show that growth continued into the latest period, although nine-month results should not be treated as a full-year forecast without accounting for seasonality and project timing.

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  • TLA AI Editor

    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.