Binastra records 43% revenue growth, order book at RM4.1bil in 1Q
KUALA LUMPUR: Binastra Corporation Bhd's revenue rose by 43 per cent to RM256.8 million in the first quarter ended April 30, 2025 (1Q FY2026), a 43 per cent increase year-on-year (y-o-y) compared to 1Q FY2025.
Meanwhile, its net profit jumped by 38.9 per cent y-o-y to RM25.1 million, driven by strong contributions from the group's core construction segment.
In a statement today, managing director Datuk Jackson Tan Kak Seng said the company is "operating at full capacity' as it pursues a record year, targeting RM4.0 billion in new contract wins for FY2026.
Growth is expected to be driven by continued momentum in Klang Valley and rising opportunities in Johor Bahru, the construction group said, adding that its order book is currently at approximately RM4.1 billion, with 25 ongoing projects.
During the quarter, Binastra also proposed the acquisition of LF Lansen, a provider of energy-efficient engineering solutions, including thermal energy storage and buffer tank systems.
The move is expected to strengthen Binastra's environmental, social and corporate governance credentials and technical expertise, particularly in supporting data centre projects.
"Additionally, we incorporated our renewable energy arm, Binastra Green Energy Sdn Bhd in February 2025, and aim to partner with a prominent local solar energy player.
"We anticipate that this partnership will enable us to undertake full engineering, procurement, construction, and commissioning roles for renewable energy developments, paving the way for our long-term strategy to diversify into green infrastructure,' said Tan. - Bernama
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