LBS Bina Group Berhad released its second quarter results recording revenue of RM340.5 million, an increase of 9.9% from RM309.8 million in the corresponding quarter last year, while profit after tax and minority interests (“PATMI”) stood at RM15.1 million.
The property development segment remained the Group’s core revenue contributor, generating revenue of RM293.1 million and profit before tax of RM30.4 million during the quarter, mainly attributable to revenue contributions from several development projects that were completed or nearing completion during the quarter. Meanwhile, revenue from the construction and trading segment increased by 439.4% to RM41.3 million from RM7.7 million in the corresponding quarter last year, mainly driven by higher contributions from a foreign subsidiary.
For the six months ended 30 June 2026, the Group recorded revenue of RM637.0 million and PATMI of RM32.1 million. Revenue was primarily supported by continued development progress across LBS Alam Perdana, KITA @ Cybersouth at Selangor and Centrum Iris, Cameron Highlands.
The Group maintained a healthy financial position, with deposits, cash and bank balances of RM591.2 million as at 30 June 2026. Net assets per share stood at RM1.10 while net gearing remained at approximately 0.35 times, providing LBS with the financial flexibility to support its ongoing developments pipeline and pursue future growth opportunities.
The Board also declared a first interim single-tier dividend of 0.85 sen per ordinary share in respect of the financial year ending 31 December 2026, payable on 19 November 2026.
Commenting on the results, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS said, “Market conditions continue to be influenced by geopolitical developments and persistent cost pressures, while homebuyers are adopting a more considered approach to their purchasing decisions. In response, we are pacing our launches in line with market demand and assessing each project based on its product positioning, pricing and timing. We remain disciplined in our launch planning and will not bring projects to market solely to meet predetermined timelines.”
