Pioneer Heat Sees Steady Demand Amidst Ongoing Middle East Conflict

Pioneer Heat Holdings Bhd reported steady demand from the oil and gas sector despite ongoing Middle East conflict, according to CEO Wong Wei Ken.

The company provides mechanical and civil engineering services for industrial facilities and has two revenue divisions: mechanical engineering, which contributed 75.51% of total revenue in FY2026, and civil engineering projects, which made up 24.45%

In the financial year ended March 31, 2026, Pioneer Heat saw a 59.22% increase in net profit to RM8.21 million and a 127.27% surge in revenue to RM97.66 million.

The company aims to raise RM26.02 million from its listing on the ACE Market and plans to use the funds for expansion, including a new headquarters, a Sarawak office and workshop, and machinery and equipment.