Bina Puri Holdings Bhd reported a loss before tax (LBT) of RM98 million for its 23-month financial period ended May 31, 2026 (23M FY2026), weighed down by substantial impairment charges and high finance costs despite generating revenue of RM466.4 million.
The construction and property group recorded a negative earnings before interest, tax, depreciation and amortisation (EBITDA) of RM27.7 million, after recognising RM66.5 million in impairment losses, partially offset by a RM6.3 million gain on the deemed disposal of subsidiaries.
Finance costs amounted to RM55.9 million, while depreciation charges totalled RM14.5 million, contributing to the group’s overall pre-tax loss.
The construction division remained the group’s largest revenue contributor, generating RM228.3 million during the period. However, the segment posted a loss of RM38.3 million, including RM38.2 million in impairment losses.
After taking into account a RM3.5 million share of profits from a jointly controlled entity and finance costs of RM43.3 million, the construction business recorded an LBT of RM78 million.
Meanwhile, the property segment generated RM172.1 million in revenue and reported a modest segment profit of RM600,000, despite absorbing RM26.6 million in impairment losses.
However, finance costs of RM10.8 million pushed the property division into a pre-tax loss of RM10.3 million for the reporting period.
The group’s power supply business contributed RM15.9 million in revenue but posted an LBT of RM5 million. Revenue from the segment was primarily derived from electricity supplied to PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity utility.
The results cover an extended 23-month financial reporting period following the group’s change in financial year-end.
