KUALA LUMPUR (June 18): Binastra Corp Bhd (KL:BNASTRA) posted a 40.3% jump in net profit for its first quarter ended April 30, 2026 (1QFY2027) as revenue hit an all-time high, lifted by its core construction segment.
Earnings for 1QFY2027 rose to RM35.27 million, up from RM25.14 million in the same period a year earlier, while turnover more than doubled to RM605.57 million from RM256.85 million, mainly due to higher solar installation jobs, as well as stronger contributions from conventional construction and data centre projects.
The construction segment — the group’s major earnings driver — recorded revenue of RM605.3 million and profit before tax (PBT) of RM49.8 million in 1QFY2027, as compared to revenue of RM256.4 million and PBT of RM31.6 million a year ago.
No dividend was declared for the quarter.
Cost pressures ahead
Looking ahead, Binastra said the operating environment remains challenging amid fluctuating material prices, labour shortages, regulatory changes and geopolitical uncertainties, which could affect costs, project execution and investment sentiment.
“While the operating environment remains dynamic amid fluctuations in material prices, we remain focused on disciplined project execution, prudent cost management and operational efficiency.
These priorities will enable us to navigate challenges effectively while continuing to deliver value to our clients and shareholders,” said managing director Datuk Jackson Tan Kak Seng in a statement.
The group said it remains well-positioned to tap opportunities from its strong order book and diversified project portfolio. As at now, it has an outstanding order book of about RM6.8 billion and has secured RM819.5 million in new contracts year to date for FY2027.
Binastra added it will prioritise strengthening execution, integrating its 51%-owned unit LF Lansen Sdn Bhd to enhance specialised engineering capabilities, improving working capital management, and expanding its footprint in the data centre segment.
At Thursday’s closing bell, shares of Main Market-listed Binastra ended two sen or 1.02% higher at RM1.98, giving the construction outfit a market capitalisation of RM2.16 billion.