Express Powerr Solutions (M) Bhd has announced a net profit of RM2.4m for the first quarter of the financial year 2026, ending 31 March. Despite a decrease in revenue to RM12.8m from RM15.2m in the previous quarter, the company achieved an 8.6% increase in gross profit, reaching RM7.4m, due to improved cost management.
The generator rental services division was the primary revenue driver, contributing RM12.6m, whilst the solar photovoltaic solutions segment added RM0.2m. Managing Director Lim Cheng Ten highlighted the company’s strategic growth, stating, “We started the year on a positive note, delivering stronger profitability through disciplined cost management and operational improvements.”
Express Powerr has secured four Letters of Award worth RM13.0m for a public infrastructure project in Sarawak and has entered a joint cooperation agreement for a 15-megawatt power generation project in Indonesia. The company has expanded its fleet by 46 units, totalling 161 generators, to support this growth.
The Board of Directors declared a first interim dividend of 0.1 sen per share, equating to RM0.9m, aligning with their policy to distribute 30% to 50% of profit after tax. As of 31 March, the company maintained a strong net cash position with RM14.5m in cash and equivalents, surpassing its total borrowings of RM9m. Lim concluded by emphasising the company’s focus on cost optimisation and disciplined project execution amidst potential global challenges.
