MN Holdings publishes 2026 annual report
Bitget2026/10/30 12:45- MN Holdings posted record annual revenue and profitability in FY2026, driven by higher activity in substation projects supporting data centers.
- Substation engineering became the dominant business, while underground utilities activity declined as major projects reached completion.
- New high-voltage data center contracts strengthened the project portfolio, with the year-end order book reaching approximately RM 1.58 billion.
- Gross margin narrowed as equipment-heavy substation projects increased and competition intensified in the data center sector.
- The group transferred its listing to Bursa Malaysia's Main Market on August 11, 2026.
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