SELANGOR, 15 May 2026 – MGB Berhad (“MGB” or the “Group”), a leading construction company, property developer, Industrialised Building System (“IBS”) precast concrete manufacturer, as well as a subsidiary of LBS Bina Group Berhad, released its unaudited financial results for the first quarter (“Q1 FY2026”) today, kicking off the year on a solid footing.
In Q1 FY2026, the Group recorded revenue of RM210.1 million, as compared to RM227.7 million in the corresponding quarter of last year. The Construction and Trading segment delivered steady growth supported by higher contributions from overseas projects. This helped to partially offset lower contributions from the Property Development segment, following the completion and vacant handover of several projects. The Group achieved 19% YoY growth in profit after tax & minority interest (“PATAMI”) to RM14.1 million, underpinned by cost optimisation measures that strengthened margins.
Commenting on the results, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, MGB Group Executive Chairman, said, “We delivered a commendable performance in Q1 FY2026, recording profit growth driven by disciplined cost management and project optimisation. Our in-house precast capabilities continue to enhance efficiency, strengthen cost control, and support timely project delivery.
We remain optimistic about our growth prospects in both business segments. Our Construction & Trading segment continues to benefit from a steadily expanding order book across Malaysia and Kingdom of Saudi Arabia (“Saudi Arabia”), reflecting our broader market reach through the successful securing of external projects both locally and in Saudi Arabia.
As of 31 March 2026, our domestic construction order book stands at RM1.25 billion. The Group further strengthened its project pipeline through recent contract wins, including the RM200.74 million Centralised Labour Quarters project in Penang and the RM34.76 million (SAR32.98 million) Saudi villa contract. These awards support the Group’s strategy to expand its construction footprint beyond its existing core markets while continuing to build its presence in Saudi Arabia.”
Within the Property Development segment, the Group’s unbilled sales of approximately RM402.3 million continue to provide near-term earnings visibility. Looking ahead, MGB plans to launch new projects over the next two years, with a total gross development value exceeding RM1 billion, focusing on affordably priced housing and pocket land developments. Among the upcoming developments this year is Starlight Residences in Cameron Highlands, comprising apartments and retail shop units with a total estimated gross development value of RM128 million. The project is currently undergoing pre-launch marketing and related preparations ahead of its official launch. Together with the Group’s broader pipeline, this will lift contributions and sustain the Property Development segment’s growth momentum going forward.
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