MN Holdings' FY26 net profits near-double on data centre power infrastructure boom
KUALA LUMPUR: Main Market-listed infrastructure utilities specialist MN Holdings Bhd capped off the financial year 2026 with stellar financial results, driven by exponential growth in its substation engineering unit amid Malaysia’s rapid data centre expansion.
KUALA LUMPUR - Infrastructure utilities firm MN Holdings Bhd reported a remarkable financial year in 2026, with net profits soaring nearly 93 per cent to RM92.14 million. The surge in profits was primarily fueled by its substation engineering division, which saw revenue increase by an impressive 113 per cent to RM766.46 million.
This segment contributed 88 per cent of the company's total turnover for the year. Power sector contracts generated the majority of revenue, accounting for 96.5 per cent of the total at RM839.21 million. As Malaysia's data centre sector expands rapidly, MN's balance sheet strengthened significantly, ending the year with RM265.38 million in cash and cash equivalents, up from RM89.14 million the previous year.
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