PETALING JAYA: Engineering solutions provider Kawan Renergy Bhd

(Kenergy), which is primarily involved in the design, fabrication, installation and commissioning of industrial process equipment, process plants, as well as renewable energy and co-generation plants, remains optimistic about its prospects, supported by an order book of RM92.1mil as of April 30, 2025.

Its managing director Lim Thou Lai said the company expects demand to rise amid increasing electricity tariffs, as businesses seek cost-effective energy strategies.

“With electricity tariffs expected to rise this year, we foresee significant opportunities for us as businesses seek long-term strategies to manage energy costs,” he noted in a statement.

He said Kenergy is well positioned to meet this expected growing demand through strategic partnerships with global providers to deliver comprehensive power solutions. 

“The cost-efficiency of these solutions is becoming increasingly compelling, particularly for high-consumption users such as data centres and utilities,” he added. 

For the second quarter ended April 30, 2025 (2QFY25), Kenergy’s revenue rose 39.5% to RM30.95mil from RM22.19mil a year earlier, while net profit grew 11.2% to RM4.88mil from RM4.39mil.

The growth was attributed to contributions from its industrial process equipment and process plant segments, which generated RM15.8mil and RM8.2mil, accounting for 51.1% and 26.5% of total revenue, respectively.

For the first half of its financial year ending 2025 (1H25), Kenergy’s revenue rose 43.1% to RM60.28mil from RM42.13mil in 1H24, while net profit rose 14.2% to RM9.81mil from RM8.6mil.