Latest news with #Powerwell
New Straits Times
01-07-2025
- Business
- New Straits Times
Powerwell accepts RM16.6mil switchboard orders for hyperscale data centre project
KUALA LUMPUR: Powerwell Holdings Bhd has accepted purchase orders (POs) worth RM16.63 million to supply switchboards and components for a hyperscale data centre project at Elmina Business Park, Selangor. In a filing with Bursa Malaysia today, the electrical products manufacturer said its wholly-owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, received the POs from RYBE Engineering (M) Sdn Bhd, Protech Builders Sdn Bhd, and LFE Engineering Sdn Bhd. Powerwell said the POs, accepted between April and July this year, are expected to be fulfilled by the first quarter of 2026. "The POs are expected to contribute positively to Powerwell's consolidated earnings and net assets for the financial year ending March 31, 2026," it said. Powerwell added that it does not foresee any exceptional risks apart from normal operational risks associated with POs and will take steps to mitigate these risks. In a separate statement, Powerwell managing director Catherine Wong Yoke Yen said the orders reflected the group's technical capability in delivering data centre projects. "We are delighted to have secured these orders, which reflect our strong technical expertise and proven track record, having completed numerous data centre projects for multinational corporations," she said. Wong added that the company's outstanding order book as of end-March 2025 was about RM116 million, excluding the latest POs. -- BERNAMA
The Star
26-06-2025
- Business
- The Star
Powerwell secures RM8.3mil data centre project in Indonesia
KUALA LUMPUR: Powerwell Holdings Bhd 's wholly owned subsidiary, Powerwell International Sdn Bhd, has secured a RM8.3 million data centre contract from PT Duta Listrik Graha Prima. In a statement, Powerwell said the contract, which involves the supply of low-voltage switchboards for a data centre project in Indonesia, is expected to be fulfilled by the final quarter of 2025. Group managing director Catherine Wong Yoke Yen said the project highlights the group's strong capabilities, supported by its assembly plant in Indonesia. "More importantly, this win is expected to contribute positively to our earnings for the current financial year,' she said in a statement. Looking ahead, she said the data centre market in Indonesia is anticipated to continue growing at an exciting pace, driven by its favourable cost structure. "We are confident of securing further opportunities, underpinned by our track record and technical expertise. Our team is actively pursuing prospects in both the data centre and infrastructure sectors,' she added. As at end-March 2025, Powerwell's outstanding order book stood at around RM116 million, excluding the contract. - Bernama
New Straits Times
26-06-2025
- Business
- New Straits Times
Powerwell wins RM8.3 million low-voltage switchboard contract in Indonesia
KUALA LUMPUR: Powerwell Holdings Bhd, through its subsidiary Powerwell International Sdn Bhd (PISB), has secured a purchase order worth RM8.3 million from PT Duta Listrik Graha Prima to supply low-voltage (LV) switchboards for a data centre project in Indonesia. In a filing with Bursa Malaysia, the company said it expects to complete the order by the fourth quarter of 2025. "The order is expected to contribute positively to Powerwell's consolidated earnings and net assets for the financial year ending March 31, 2026," it said. Managing director Catherine Wong Yoke Yen said the data centre project in Indonesia highlights the company's strong capabilities, supported by its assembly plant in the country. She added that the data centre market in Indonesia is projected to maintain strong growth momentum, driven by its competitive cost structure. "We are confident of securing opportunities ahead, premised upon our track record and technical expertise. "Our team is actively pursuing opportunities in the data centre as well as infrastructure space," she added. As of end-March 2025, Powerwell had an outstanding order book of about RM116 million, not including the newly secured contract. At midday, the company's shares rose by 3.85 per cent, gaining two sen to trade at 54 sen, with 2.5 million shares changing hands.
The Sun
27-05-2025
- Business
- The Sun
Powerwell achieves FY25 revenue of RM137.4 million
SHAH ALAM: Home-grown power distri-bution specialist manufacturing low voltage (LV) and medium voltage electrical distribution equipment Powerwell Holdings Bhd's revenue came in at RM137.4 million for the financial year ended March 31, 2025 (FY25) compared to RM154.8 million a year ago, chiefly attributed to lower contribution from overseas. On a brighter note, Malaysia segment posted a year-on-year (YoY) increase of 38.7% to RM135.6 million for FY25 vis-à-vis RM97.7 million last year, mainly driven by higher deliveries. At the bottom-line, Powerwell posted a profit after tax and non-controlling interest (PATNCI or net profit) of RM19 million for FY25, versus RM19.7 million in the previous year, largely due to the aforementioned lower contribution from the overseas market. Nevertheless, the group's net profit margin remained healthy at 13.9% for FY25, compared to 12.7% in the prior year. Managing director Catherine Wong Yoke Yen said, 'We are pleased to close FY25 on a solid note against the backdrop of a demanding business environment marked by elevated macroeconomic uncertainty. More excitingly, our Malaysia segment delivered commendable double-digit growth driven by higher deliveries.' Looking ahead, she said they see ample opportunities to capitalise on, given their leading position and track record in the power distribution industry, particularly in the data centre, large-scale infrastructure, semiconductor, renewable energy and high-end manufacturing segments. Furthermore, she said the establishment of the Johor-Singapore Special Economic Zone presents new growth opportunities for Powerwell. 'Our team continues to work actively on more tenders, while our order book remains healthy at approximately RM116 million as at end-March 2025,' said Wong. 'On the mergers and acquisitions (M&A) front, we are pleased to share that we completed the acquisition of a 51% stake in Firerex Technology Sdn Bhd and Brandrich Fire Solutions Sdn Bhd respectively in April 2025. These synergistic acquisitions broaden our capabilities and offerings, strengthening our position along the value chain. At the same time, we continue to explore further M&A opportunities to elevate our market position.' 'All in all, we are upbeat on Powerwell's prospects, underpinned by our order book and exciting opportunities ahead. Meanwhile, the group remains mindful of the ongoing geopolitical tensions, which have created a volatile trade environment characterised by tariffs, export controls, and supply chain restrictions that may impede global market access and influence capital allocation,' Wong said. For the current quarter under review, the group's revenue jumped 2.2 folds to RM47.5 million from RM21.9 million in Q4'24, on the back of higher deliveries. Sequentially, Q4'25 net profit rose 16.2% YoY to RM7.5 million vis-à-vis RM6.5 million. The board has declared a first interim dividend of 1 sen per share amounting to approximately RM5.8 million for the current quarter under review. This represents a 30.5% payout based on FY25 net profit of RM19 million.
