LBS Bina Remains Resilient In 1Q 2026 Amid Rising Costs
KUALA LUMPUR, May 28 (Bernama) -- LBS Bina Group Bhd said it remained resilient for the quarter ended March 31, 2026 (1Q 2026), amid the near completion of development projects and rising costs across the property development sector.
The property developer’s net profit slipped to RM17.02 million for 1Q 2026, from RM28.22 million a year earlier.
It also posted a 1Q 2026 revenue of RM296.51 million.
“The variance between 1Q 2026 and the corresponding quarter last year was mainly due to several projects reaching completion or near-completion stages.
“LBS Bina continued to record encouraging sales momentum, supported by demand across key projects including Centrum Iris in Cameron Highlands, Alam Perdana Industrial Park and KITA Sejati,” it said in a statement.
LBS Bina said its property development segment remained the group’s main revenue contributor, accounting for 85.3 per cent of total revenue and generating RM36.24 million in profit before tax (PBT).
It also said the construction and trading segment recorded revenue of RM37.58 million and PBT of RM3.11 million, supported by contributions from a foreign subsidiary and cost optimisation measures.
As at April 30, 2026, LBS Bina’s unbilled sales stood at RM1.1 billion, while its landbank totalled 1,585 hectares, it said.
”The group is also in advanced preparation for its entry into Kwasa Damansara, a strategically located integrated township development that is expected to broaden its portfolio and support long-term growth,” LBS Bina said.
Group executive chairman Tan Sri Lim Hock San said external uncertainties and continued cost pressures remained challenges for the property sector.
“The operating environment remains challenging, as external uncertainties arising from the West Asia conflict and ongoing cost pressures continue to affect business conditions across the property sector.
“However, LBS Bina has always been built on resilience, discipline and adaptability, and our 1Q 2026 results reflect this foundation as the group remained profitable while continuing to record encouraging sales momentum across key developments,” he said.
Lim said that although the quarter was affected by the normal timing of projects reaching completion or near-completion stages, the group’s RM1.1 billion in unbilled sales would provide visibility for the coming quarters.
“As LBS Bina celebrates its 65th anniversary this year under the theme ‘Building Tomorrow Together’, we remain focused on strengthening operational efficiency, pacing our launches according to market demand and managing costs prudently.
“Our sizable landbank, upcoming launches and preparations for Kwasa Damansara will continue to support LBS’ long-term growth trajectory,” he said.
Lim added that the group’s enhanced minimum dividend payout ratio of 40 per cent, effective in the financial year of 2025, reflects the board’s confidence in its earnings sustainability and commitment to balancing growth with sustainable shareholder returns.
-- BERNAMA