Solarvest delivers all-time high net profit in 3QFY25, jumps 35% to US$3.2 mil

• Reported a 20.5% YoY revenue increase to US$30.6 mil in 3QFY25
• Strong performance driven by progress in Corporate Green Power Programme project

Regional clean energy expert Solarvest Holdings Berhad has announced its third-quarter (3QFY25) and nine-month financial results for the period ended 31 December 2024 (9MFY25). In a statement, the group reported a record nine-month profit after tax and non-controlling interest (net profit) of US$7.1 million (RM31.4 million), reflecting a 28.0% year-on-year (YoY) increase from US$5.5 million (RM24.5 million) in the corresponding period of the previous year (9MFY24).

[RM1 = US$0.22]

Although revenue declined to RM312.0 million in 9MFY25 from RM395.7 million in 9MFY24, the group’s net profit margin improved from 6.2% to 10.1%, driven by higher profitability within its commercial and industrial segment, lower solar panel prices, and electricity sales from its three large-scale solar (LSS4) plants. In 3QFY25, Solarvest recorded its highest quarterly net profit of RM14.4 million, marking a 35.0% YoY increase from RM10.7 million in 3QFY24. The company also reported a 20.5% YoY rise in revenue, reaching RM135.4 million in 3QFY25, up from RM112.4 million in the corresponding quarter of the previous year.

The strong performance was primarily attributed to further progress in the execution of several utility-scale solar projects under the Corporate Green Power Programme, which commenced in the previous quarter.

Continue reading at https://oursustainabilitymatters.com/solarvest-delivers-all-time-high-net-profit-in-3qfy25-jumps-35-to-us3-2-mil/ for the full article as DNA is transitioning our sustainability coverage to a standalone news site.