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EI Power’s Q1 profit hits RM6m amid market pressures

EI Power Berhad, a power engineering solutions provider, has announced a profit after tax (PAT) of RM6m for the first quarter ending 31 March 2026. This marks the company’s first interim financial result in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.

The company reported a revenue of RM20.7m, with mission critical power solutions contributing 98% of this figure. The remaining revenue was generated from conventional and renewable energy power solutions. Gross profit stood at RM9.8m, whilst profit before tax (PBT) was RM8m, reflecting a PBT margin of 38.5%.

Albert Chang Wan Siong, Executive Director and CEO of EI Power Berhad, highlighted the strong demand within the data centre sector as a key driver for their mission critical power solutions. He noted, “The ongoing expansion of hyperscale co-location facilities and AI-related infrastructure, alongside investments in the semiconductor and electronics ecosystem, is supporting further opportunities within the industry.”

The company is also expanding its footprint beyond Malaysia, with plans to enter the Thai market, where digital infrastructure investments are increasing. As of 24 March 2026, EI Power Berhad’s unbilled order book was valued at RM99.9m, ensuring earnings visibility through 2027. Additionally, the company has submitted tenders in Thailand worth approximately RM75.3m.

EI Power Berhad is set to be listed on the ACE Market of Bursa Securities on 21 May 2026, aiming to raise RM62.2m through its initial public offering. The funds will support the establishment of a new headquarters, expansion into Thailand and Johor, and investments in building energy efficiency systems.

This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.

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