MGB records RM24mil net profit for first half 2025
PETALING JAYA: Construction and property development solutions provider MGB Bhd (MGB) announced its second quarter results on Aug 18 for the financial year ending Dec 31, 2025.
The group, which is a subsidiary of LBS Bina Group Berhad, posted a profit before tax (PBT) of RM17.1mil and profit after tax (PAT) of RM12mil for the quarter under review, on the back of revenue amounting to RM216.4mil.
Revenue from the construction and trading segment remained relatively stable year on-year at RM118.6mil, representing 54.8% of the total revenue. The property development segment accounted for the remaining 45.2%, with revenue of RM97.8mil.
For the first half of 2025, the group recorded cumulative revenue of RM444.1mil, generating a PBT of RM34.1mil and PAT of RM24.0mil.
It retained a solid financial position as of June 30 with RM59.0mil in cash and bank balances and a low net gearing ratio of 0.1 times. This reflects the group's stable financial footing and prudent capital management, ensuring both operational agility and flexibility to pursue strategic investments, while safeguarding its financial stability.
Tan Sri Ir Dr Lim Hock San, MGB group executive chairman remarked, 'We are committed to deliver affordable, high quality homes for all Malaysians, with our Rumah Idaman setting a new benchmark for accessible housing in Selangor. We recently celebrated the topping-out of Idaman Sari in Puchong, our fourth Rumah Idaman project to complete this stage, underscoring our focus on timely delivery and quality.'
Lim further emphasised the group's strategic focus on diversifying its project mix and expanding into high-potential markets, both domestically and overseas. MGB is strengthening its capabilities in securing more external contracts, exploring recurring income opportunities, and enhancing cost efficiency through better supply chain management.
He added, 'We are delighted to win the RM186mil contract from Japan's Creed Group affiliate CI Medini Sdn Bhd, for the construction of serviced apartments in Medini, Iskandar Puteri. This win reinforces our growth trajectory and reflects our ability to deliver on our commitments while strengthening our foothold in key growth markets. With this win, our construction order book now stands at RM1.21bil.
'Moving into the remainder of 2025, we aim to sustain the current momentum supported by our unbilled property sales of approximately RM452mil (as at July 31, 2025), while remaining mindful of the uncertainties in the broader market landscape.'
Established in 2007, MGB evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia.
It provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in Industrialised Building System precast concrete products.
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