Financial overview, industry market, and personal opinion
-The group has demonstrated strong financial growth from FYE2022 to FYE2024, with an exponential growth of 80.12% annually in terms of its PAT. However, the optimum PAT margin of 18.50% was recorded in FYE2025, compared to FYE2022, FYE2023, and FYE2024 with only 13.97%, 13.69%, and 12.94%, respectively.
-The demand for solar photovoltaics is poised to an exponential projection, which translated to a CAGR of 29.3% for the installed capacity for solar PV systems and facilities in Malaysia from 2019 to 2022. The growth is supported by many national plans such as NEP, NETR, Solaris, etc.
-The installation of solar PV systems and facilities is the approach to increase, tighten, and enhance the score of ESG, depending on the standards of each country. However, including microeconomic factors are also significant in evaluating any solar-related company.