KUALA LUMPUR (May 8): Inspace Creation Bhd (KL:INSPACE) is cautiously optimistic about its outlook for the financial year after recording a softer performance in the first quarter ended Feb 28, 2026 (1QFY2026) which management attributed mainly to festive-related disruptions and longer weekends that temporarily slowed project execution.
Executive director Wong Chong Siong told reporters, after the company's listing ceremony on Friday, that the weaker quarter was driven by delays in project progression rather than weaker demand or margin pressure, noting that project activity is expected to normalise once the festive period ends.
The company made a net profit of RM714,000 on RM10.7 million for 1QFY2026.
Inspace Creation executive director Edward Cheong Han Bin said the company has multiple upcoming projects from repeat clients in the finance and automotive sectors, and has also been shortlisted for projects with major multinational companies in Malaysia, though details were not disclosed.
Despite geopolitical uncertainties, the group remains confident in the resilience of the interior fit-out industry. Cheong noted that the company was able to continue operating during the Covid-19 movement control order period.
“Our business remains relatively resilient due to the recurring nature of refurbishment and upgrading works, which are required even in slower market conditions,” said Cheong, adding that its industry is dependent on commercial property cycles.
Wong, citing an independent market research report, said the interior fit-out industry is projected to raise RM3.5 billion in 2027, from RM2.8 billion in 2025.
For the financial year ended Nov 30, 2025, Inspace Creation recorded revenue of RM78.6 million and a net profit of RM8.38 million.
Inspace Creation opened at 26.5 sen versus its initial public offering price of 25 sen per share on its ACE Market debut. The stock climbed to as high as 29 sen in less than two minutes before closing at 25.5 sen, its lowest of the day, after more than 49 million shares changed hands.
At the last price, the company had a market capitalisation of about RM94 million.
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