MN Holdings Berhad (“MN Holdings” or the “Group”), a leading infrastructure utilities construction and engineering solutions specialist in Malaysia, today announced its strongest financial performance to date for the fourth quarter ended 30 June 2025 (“Q4 FY2025”), with revenue increasing by 144% year-on-year (“y-o-y”) to RM179.42 million as compared to RM73.44 million in the preceding year’s corresponding quarter (“Q4 FY2024”).
The growth in revenue was mainly contributed from the substation engineering segment, which increased 359% y-o-y from RM31.62 million in Q4 FY2024 to RM145.29 million in Q4 FY2025, accounting for 81% of the total revenue.
For the Q4 FY2025, the Group recorded profit after tax (“PAT”) of RM11.94 million, a significant increase of 141% y-o-y from RM4.95 million in Q4 FY2024.
The overall increase in revenue and profit was mainly due to the accelerated progress of major construction projects in the substation engineering segment. The stronger performance was further underpinned by the Group’s strategic expansion initiatives, which had a positive impact on overall financial results.
For the full financial year ended 30 June 2025 (“FY2025”), MN Holdings recorded revenue of RM535.43 million, more than doubling from RM256.18 million in FY2024. Full-year PAT soared 182% y-o-y to RM48.36 million in FY2025 as compared to RM17.16 million in FY2024.
The robust growth was primarily driven by the substation engineering segment, which contributed 67% of total Group revenue and expanded by a staggering 164% y-o-y to RM356.48 million in FY2025. Underground utilities engineering contributed the remaining 33%, demonstrating balanced performance across the Group’s core divisions.
The Group’s normalised profit before tax (“PBT”) for Q4 FY2025 stood at RM28.77 million representing a 263% y-o-y increase, while for FY2025, the Group’s normalised PBT surged 198% y-o-y to RM81.94 million.
Dato’ Clement Toh, Managing Director of MN Holdings said,
“This record-breaking performance reflects our strategic positioning and commitment to delivering excellence in the energy and utilities infrastructure space. Our underlying profitability continues to improve significantly, underscoring the resilience of our business model.”
He added, “As Malaysia continues to scale its renewable energy and data centre infrastructure, supported by strong public-private investments under RP4, the 13th Malaysia Plan, and various national initiatives, MN Holdings is well-placed to capture these growth opportunities. We remain committed to disciplined execution, strengthening our order book, and delivering long-term value to our stakeholders.”
The Group’s strong FY2025 performance reflects its ability to deliver consistent growth while maintaining operational excellence.
With a well-diversified project portfolio and a growing presence in high-demand sectors such as renewable energy and data centres, MN Holdings remains focused on sustaining momentum and supporting Malaysia’s infrastructure and energy transformation goals.
For more information, visit https://mnholdings.com.my/
