Kuala lumpur: Electrical engineering service provider HE Group Bhd aims to improve the group’s financial performance next year, driven by rising demand for data centres in Malaysia and optimism after its transfer to Bursa Malaysia’s Main Market today.

According to BERNAMA News Agency, the company reported a lower net profit of RM3.44 million for the third quarter ended Sept 30, 2025 (3Q 2025), in comparison to RM4.62 million during the same period last year. Meanwhile, revenue decreased to RM32.3 million in 3Q 2025 from RM58.9 million previously. HE Group’s managing director Haw Chee Seng attributed the revenue impact to the market’s ‘wait and see’ approach to gain a clearer understanding of the United States tariff.

Haw Chee Seng emphasized that beyond focusing on data centres, the group plans to position itself in the green energy sector and infrastructure projects, capitalizing on Malaysia’s economic growth. He expressed optimism about securing more projects following the company’s transfer to Bursa Malaysia’s Main Market.

HE Group’s tender book currently stands at RM850 million, with over 80 percent related to data centre projects. This includes a significant data centre project secured in August in Cyberjaya, Selangor, valued at RM56.6 million. Haw remarked that this project demonstrates the group’s strong industry position and aligns with Malaysia’s expanding data centre sector, propelled by increased cloud adoption and digital transformation.

On its debut on the Main Market, HE Group’s stock opened at 36.5 sen, slightly lower than the 37 sen on its final day on the ACE Market, with 140,000 shares traded. Haw highlighted that achieving Main Market status enhances the company’s visibility, attracts institutional investors, and opens up new strategic growth opportunities.

Haw concluded by stating that this transition signals HE Group’s readiness to compete on a higher level and contribute significantly to Malaysia’s digital and industrial development.