Pekat Group gets approval to transfer to Bursa Malaysia’s Main Market

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Pekat Group to move to the Main Market

Highlights

Pekat Group has received approval from the Securities Commission Malaysia to transfer its listing to Bursa Malaysia’s Main Market after meeting the Bumiputera equity and financial requirements.
Pekat recorded cumulative net profit of RM80.78 million from FY2023 to FY2025, including RM45.05 million in FY2025, while revenue surged to RM609.53 million in FY2025.
Based on the five-day volume-weighted average price through 30 Oct, Pekat had a market capitalisation of RM2.06 billion, with its shares closing two sen higher at RM2.87 on Tuesday.

This article was translated from the original. Read the original version by our correspondent here.

SC approval and the basis for the listing transfer

As reported by The Edge Malaysia, citing the company’s exchange filing, the Securities Commission Malaysia approved Pekat’s proposed listing transfer on Tuesday, noting that the group had met the Bumiputera equity requirements for public-listed companies.

Pekat first announced plans to move to the Main Market in June this year, saying the move would enhance its corporate profile and attract greater investor interest, especially from institutional investors. The proposal comes more than five years after the company made its debut on the ACE Market in June 2021.

The group also met the financial requirements for the transfer, including cumulative net profit of at least RM30 million over three financial years, with at least RM15 million in the most recent year. Pekat recorded cumulative net profit of RM80.78 million for the financial years ended 31 Dec 2023 through FY2025, including RM45.05 million in FY2025.

Operational growth and implications for investors

In its latest filing, Pekat reported revenue of RM609.53 million in FY2025, more than double the RM286.98 million recorded in FY2024, driven by stronger contributions from its solar and power distribution equipment businesses.

For the first six months of FY2026, Pekat’s net profit rose to RM26.63 million from RM23.08 million a year earlier, while revenue increased to RM343.32 million from RM277.30 million. The company is involved in solar power systems, lightning protection and electrical equipment.

Based on the five-day volume-weighted average price through 30 Oct, Pekat had a market capitalisation of RM2.06 billion. The company’s shares closed two sen higher at RM2.87 on Tuesday, valuing it at RM2.04 billion, while Public Investment Bank Bhd acted as the principal adviser for the proposed transfer.

In our earlier coverage of Big Caring Group Bhd’s preparations for its IPO on Bursa Malaysia’s Main Market , we outlined the retail underwriting agreement signed with several investment banks and the offering structure involving new and existing shares. The article also highlighted allocations for institutional and retail investors, including Bumiputera allocations, as well as revenue and profit growth prospects expected to support the group’s expansion plans.

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