LBS BINA GROUP BHD: STRONG FINANCIAL PERFORMANCE IN Q1 FY2025

KUALA LUMPUR — LBS Bina Group Bhd has reported a robust start to the financial year ending December 31, 2025, with significant growth in revenue and profit. The company, a leading Malaysian property developer, saw a 15% quarter-on-quarter revenue increase to RM329.2 million, up from RM287.1 million. This growth is attributed to active construction progress across key developments, particularly in the Klang Valley, which contributed over 86% of total revenue.

Major projects contributing to this success include KITA @ Cybersouth, LBS Alam Perdana, Prestige Residence, and the Idaman series. The group’s profit after tax more than doubled to RM32.5 million from RM15.8 million in the previous quarter. Executive Chairman Tan Sri Dr. Lim Hock San highlighted the strong demand for the state-of-the-art light and medium factories in the Alam Perdana Industrial Park, further boosted by the successful launch of Cameron Centrum, following the earlier launch of Centrum Iris.

MGB BHD: STRONG REVENUE GROWTH IN Q1 FY2025

MGB Bhd, a subsidiary of LBS Bina Group Bhd, also reported strong financial performance for the first quarter ended March 31, 2025. The company recorded a 4.5% increase in revenue to RM227.7 million, up from RM217.9 million in the same quarter last year. Pre-tax profit stood at RM17 million, with profit after tax at RM12 million.

The property development segment was a significant contributor, posting a 30.3% year-on-year revenue increase to RM114.2 million, driven by projects such as Idaman Cahaya Phase 2 and Idaman Sari. The construction and trading segment contributed RM192.8 million in revenue, including RM79.3 million from internal transactions.

As of March 31, 2025, MGB maintained a healthy financial position with RM66.9 million in cash and bank balances and a conservative net gearing ratio of 0.1 times. This reflects the group’s disciplined financial management and strong balance sheet, providing flexibility for strategic investments.

OVERALL OUTLOOK

Both LBS Bina Group Bhd and its subsidiary MGB Bhd have demonstrated strong financial performance in Q1 FY2025, driven by robust sales, steady project execution, and strong market confidence in their developments. The group’s disciplined financial management and strategic investments position it well for continued growth and success in the coming quarters.