Northern Solar Holdings Berhad

0340 · KLSE · Technology / Solar

0.98MYR-0.07 (-6.67%)

Price History

Full chart

Market Stats

Previous Close1.05

Open1.06

Day Range0.98 – 1.10

52-Week Range0.445 – 1.36

Volume2.35M

Market Cap450.98M

P/E (TTM)28.50

Forward P/E0.00

EPS0.04

Dividend Yield0.00%

50-Day Avg0.7658

200-Day Avg0.6501

About

Northern Solar Holdings Berhad engages in the engineering, procurement, construction, and commissioning of solar photovoltaic (PV) systems for commercial, industrial, and residential customers in Malaysia. The company owns, operates, and maintains solar PV systems that generates and sells the electricity to net energy metering and self-consumption customers; and provides operation and maintenance services for solar PV equipment and systems. The company was formerly known as Northern Solar Holdings Sdn Bhd. and changed its name to Northern Solar Holdings Berhad in March 2019. The company was founded in 2019 and is headquartered in Petaling Jaya, Malaysia.

Company Details

SectorTechnology
IndustrySolar
CEOMr. Shoong Kai Lew
Employees138
HeadquartersUnits 8-01 and 8-02, Petaling Jaya, Malaysia, 47400, Malaysia
Websitehttps://www.northernsolar.com.my

Leadership

Mr. Shoong Kai LewFounder, MD & Director · b. 1989
Mr. Win Hoe ChewFounder & Executive Director · b. 1989
Ms. Fui Shi LewChief Financial Officer · b. 1987
Mr. Wai Yi ChinCompany Secretary
Ms. Zhi Xuan LimCompany Secretary

Financials

Income Statement

Currency: MYR	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31
Total Revenue	22.23M	44.67M	77.97M	84.87M	113.00M
Growth (%)	-	+100.94%	+74.55%	+8.84%	+33.15%
Cost of Revenue	17.18M	33.37M	56.39M	52.79M	74.16M
Gross Profit	5.05M	11.31M	21.59M	32.07M	38.83M
Gross Margin	22.73%	25.31%	27.68%	37.80%	34.37%
Operating Expense	1.70M	3.58M	6.66M	14.94M	18.96M
Operating Income	3.36M	7.72M	14.92M	17.14M	19.87M
Operating Margin	15.11%	17.29%	19.14%	20.19%	17.59%
EBITDA	-	7.87M	13.70M	18.74M	24.01M
EBITDA Margin	-	17.62%	17.56%	22.08%	21.25%
Net Income	3.11M	6.12M	10.09M	11.41M	15.28M
Net Income Margin	13.97%	13.69%	12.94%	13.45%	13.53%
Interest Expense	61.72K	385.54K	534.34K	789.68K	590.49K
Interest Expense % of Total Revenue	0.28%	0.86%	0.69%	0.93%	0.52%

Balance Sheet

Currency: MYR	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31
Total Assets	11.54M	28.70M	38.11M	97.06M	123.89M
Total Liabilities	7.09M	18.14M	17.46M	28.97M	40.51M
Total Equity	4.45M	10.57M	20.65M	67.62M	82.91M
Cash	2.22M	7.72M	8.52M	50.68M	45.30M

Cash Flow

Currency: MYR	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31
Operating Cash Flow	892.30K	2.41M	7.64M	8.38M	2.42M
Capital Expenditure	137.61K	154.33K	7.00M	3.16M	10.01M
Free Cash Flow	754.69K	2.25M	637.65K	5.22M	-7.59M
Dividends Paid	-	-	-	5.00M	-
FCF to OCF	84.58%	93.59%	8.35%	62.28%	-314.32%
Dividend Paid to FCF	-	-	-	95.80%	-

Earnings

Report Date	Mar 31, 2025	Jun 30, 2025	Sep 30, 2025	Dec 31, 2025	Mar 31, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-
EPS Actual	0.00	0.01	0.01	0.01	0.01	0.01
Surprise	-	-	-	-	-	-
Timing	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap450.98M

Enterprise Value371.03M

Trailing P/E28.50

Forward P/E0.00

Price / Sales3.66

Price / Book4.64

EPS0.04

Book Value0.22

Revenue (TTM)123.11M

Gross Profit (TTM)38.51M

EBITDA22.00M

Profit Margin12.51%

Operating Margin14.97%

Return on Equity19.33%

Return on Assets10.80%

Shares Outstanding395.60M

Shares Float156.07M

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%