Record FY2026 Earnings: Why Samaiden Is Betting Big on Malaysia’s Solar + BESS Market

Malaysia’s renewable energy sector is entering a new investment cycle, with LSS6, BESS and CRESS expected to create further opportunities across the renewable energy value chain.

Samaiden Group Bhd closed FY2026 with its highest annual earnings and revenue since its 2020 listing, while fourth-quarter profitability more than doubled despite lower quarterly revenue.

The results highlight an important trend: Malaysia’s renewable energy growth is increasingly shifting from conventional solar deployment toward higher-value solar, storage and corporate renewable energy projects.

📈 Record FY2026 Earnings

Samaiden recorded a fourth-quarter net profit of:

RM14.76 million

up:

107.7% YoY

from RM7.11 million in 4QFY2025.

At the same time, gross profit margin more than doubled:

14.2% → 29.7%

while administrative expenses declined by nearly 32% to RM4.68 million.

Although quarterly revenue decreased 21.7% YoY to RM105.74 million, the decline was largely attributed to project billing cycles.

The group explained that the previous year's comparative quarter benefited from peak billing of older projects, while 4QFY2026 reflected the early construction stage of newly commenced LSS5 projects.

🏆 FY2026 Sets New Company Records

For the full financial year, Samaiden achieved:

💰 RM364.5 million revenue

📈 RM39.07 million net profit

📊 93.3% YoY growth in net profit

This represents the company's strongest annual earnings and revenue performance since its 2020 listing.

The company also increased shareholder returns.

A second interim dividend of 1 sen per share was declared, bringing total FY2026 dividends to:

2.4 sen per share

That is 60% higher than the 1.5 sen paid during FY2025.

🔋 LSS6 Is Changing the Utility-Scale Solar Market

Samaiden's management sees LSS6 as one of the key growth drivers for FY2027.

The programme offers:

☀️ 2,650 MW of solar capacity

🔋 1,250 MW of BESS paired with 2,500 MW of solar

This makes LSS6 particularly significant because BESS is being integrated into the utility-scale solar programme at scale.

For developers, EPC contractors and equipment suppliers, this expands the addressable market beyond conventional PV deployment into:

Solar → BESS → Grid integration → Energy management

Samaiden said the integration of BESS under LSS6 could broaden opportunities across the renewable energy value chain.

⚡ CRESS Adds Another Growth Channel

LSS6 is not the only opportunity.

Samaiden is also positioning itself across the expanding Corporate Renewable Energy Supply Scheme (CRESS) market, alongside:

• Utility-scale solar

• BESS

• CRESS

• Rooftop solar

• Other renewable energy projects

The company currently has an order book of:

RM435.8 million

as of June 30, 2026.

It is also pursuing several sizeable projects that are already at advanced stages, while actively participating in LSS6 bidding.

🔎 What This Means for Malaysia's Renewable Energy Market

Samaiden's latest results point to a broader market transition.

Malaysia's next renewable energy growth cycle may increasingly be driven by the combination of:

LSS6

⬇️

Solar + BESS

⬇️

CRESS

⬇️

Corporate renewable electricity demand

This is significant because BESS introduces a new layer of infrastructure and investment opportunity alongside solar generation.

The key question for FY2027 is therefore no longer simply how much solar Malaysia can add, but:

How quickly can the market scale solar, storage and corporate renewable procurement together?

With LSS6 now introducing large-scale BESS integration, Malaysia's renewable energy market could be entering a fundamentally different phase.