SELANGOR, 19 November 2025 – MGB Berhad (“MGB” or the “Group”), a construction and property development solutions provider and subsidiary of LBS Bina Group Berhad, today announced its third quarter results for the financial year ending 31 December 2025 (“Q3FYE2025”).
For the quarter under review, MGB posted a 5.0% increase in revenue to RM227.2 million, against the preceding quarter’s RM216.4 million. This improvement was largely attributed to higher contributions from the construction and trading segment, which grew 16.6% to RM138.2 million, supported by steady construction progress from Alam Perdana Phase 8. In line with the higher revenue, profit before tax (“PBT”) rose 8.5% to RM18.5 million, while profit after tax (“PAT”) grew 2.7% to RM12.3 million.
For the cumulative nine-month period, the Group posted a PBT of RM52.6 million and PAT of RM36.3 million. This was on the back of a revenue of RM671.3 million. All ongoing projects continue to progress on schedule, demonstrating MGB’s strong execution and operational efficiency, with the Prestige, Kita Sejati and Kita Mesra projects are now approaching completion, highlighting the Group’s commitment to consistent performance and timely project delivery.
As at 30 September 2025, MGB maintained a solid financial position with cash and bank balances of RM89.5 million and a negligible net gearing ratio of 0.01 times, underscoring the Group’s prudent financial management. This strong standing provides MGB with the flexibility to seize new projects opportunities while executing its robust construction order book of RM1.13 billion, ensuring continued revenue visibility.
Commenting on the results, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, MGB’s Group Executive Chairman remarked, “We are currently in a transitional phase as several of our key projects have reached or near completion, marking a shift from project execution to project delivery. Nevertheless, we remain focused on enhancing our project pipeline to ensure continuous replenishment of projects with the latest addition being the RM118.5 million contract awarded by UDA Accord Development for the proposed development of Phase 2 Residensi Wilayah housing project located in Kuala Lumpur. All in all, year to date, we have achieved our replenishment target with three projects worth RM499.2 million, including the in-house projects from LBS and an external project from CI Medini Sdn Bhd.”
He further added, “Heading into the final month of 2025, we are set to maintain our performance trajectory, supported by a sizeable RM425.7 million in unbilled property sales as of 31 October 2025. This sets the stage for sustained construction activity and growth as we move into the new financial year, providing the Group with the capacity to capitalise on new opportunities and continue delivering value to our shareholders.”