Future Plans for Growth:

  • Relocation to a new office.

The group plans to acquire and relocate to a larger 16,547sqft office by 2H2025 to accommodate future headcount expansion, particularly within the Design & Technical and O&M departments. The new office will replace the current rented premise in Shah Alam, while the other owned office will be sold to generate funds for working capital or expansion needs. Acquisition and renovation costs will be mainly funded via RM3.2m allocation (13.2% of IPO proceeds).

  • Expansion of regional presence through offices and marketing activities.

To strengthen its footprint in Malaysia, the group will establish sales and support offices in Muar, Johor, and Kota Kinabalu, Sabah by 2H2025. The Johor office aims to capture more C&I solar PV projects and improve O&M response times in the southern region, while the Sabah office will enhance accessibility to East Malaysia, reducing travel time and costs from the head office. Both offices will be funded via IPO proceeds, with additional marketing efforts through exhibitions and roadshows to raise brand awareness nationwide. RM1.5m (6.4% of IPO proceeds) will be allocated for the expansions.

  • Integration of battery energy storage systems (BESS).

Leveraging its experience in the current ongoing BESS project, the group plans to expand into BESS integration within its EPCC offerings, riding along the growth of grid stability and renewable energy penetration in Malaysia. The group aims to actively promote its BESS capabilities to existing and new customers, positioning itself for growth in the emerging energy storage segment.