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The group’s financial position also strengthened considerably, with cash and short-term deposits increasing to RM48.92 million from RM32.12 million as of Dec 2025, providing healthier liquidity and greater financial flexibility. The strong quarterly performance was primarily driven by the property development division, which contributed nearly all of the group’s external revenue at RM67.77 million.
Revenue surged 107.5% year-on-year to RM68.02 million from RM32.78 million in Q1 FY2025, reflecting a significant improvement in business activity and sales momentum. Profit Before Tax (PBT) recorded an even stronger performance, soaring 13-fold to RM4.98 million compared to RM0.37 million in the same quarter last year, highlighting improved profitability and operational efficiency.
It reckons Northern Solar Holdings Bhd and Verdant Solar Holdings Bhd to be among the key beneficiaries of the SuRIA Home incentive, given their high exposure to the rooftop solar segment.
TA Research said the potential 250 MWac SuRIA-backed residential solar installations translate into engineering, procurement, construction and commissioning prospects worth an estimated RM875mil to RM1bil
Strong performance from the BMD segment, engineering wire mesh demand continues to be the key growth driver. Hopefully CME demand recovers in the coming quarters.
