KUALA LUMPUR (Feb 26) — LBS Bina Group Bhd delivered a sharp earnings rebound in the fourth quarter ended Dec 31, 2025 (4QFY2025), driven primarily by stronger performance from its property development segment.
The developer posted a normalised profit after tax from continuing operations of RM44.73 million for the quarter, reversing a loss of RM3.37 million recorded in the same period a year earlier. Quarterly revenue climbed 61% year-on-year to RM462.31 million, compared with RM287.14 million previously, reflecting improved construction progress and sales recognition.
For the full financial year FY2025, LBS reported:
Net profit from continuing operations rising 27% to RM137.86 million
Revenue increasing 8.29% to RM1.55 billion
While total net profit appeared lower year-on-year at RM137.86 million versus RM265.94 million in FY2024, the earlier year included discontinued operations, making the underlying performance in FY2025 comparatively stronger.
The group’s total sales for 2025 reached RM1.4 billion, surpassing the RM1.3 billion achieved in 2024.
In line with its improved performance, LBS formally revised its dividend policy, increasing its minimum payout ratio from 30% to 40% of normalised profit after tax and minority interests (PATAMI).
The board declared:
A first interim single-tier dividend of 1.3 sen per share (payable May 20, 2026)
A proposed final dividend of two sen per share
This brings the total proposed payout to 3.3 sen per share for FY2025.
Following the announcement, LBS shares rose as much as 8.5% in morning trade, reflecting improved investor sentiment. Year-to-date, the stock has gained more than 15%, bringing its market capitalisation to approximately RM687 million.
According to Group Executive Chairman Tan Sri Dr Lim Hock San, FY2025 marks the first year of the company’s three-year “8 x 8 Strategy”.
Importantly for property investors, Klang Valley developments remain the group’s primary revenue and earnings driver. This includes both residential and industrial components — reinforcing the ongoing strength of Selangor’s property market.
For investors and occupiers focused on:
Industrial land in Selangor
Factory in Puchong
Industrial property in Subang area
Office space in Bukit Jalil
Commercial property in KL
the sustained performance of developers with strong Klang Valley exposure highlights continued demand resilience.
LBS also confirmed plans to undertake township developments in Kwasa Damansara, with launches targeted from 2027 onwards — a move that could further strengthen the northern Klang Valley growth corridor.
Outside Selangor, LBS is partnering with Oriental Holdings Bhd to jointly develop an integrated mixed-use project in Klebang, Melaka, diversifying its geographical footprint.
However, Klang Valley remains central to the group’s earnings base, consistent with broader market trends where Selangor continues to dominate industrial and mixed-development activity.
As at Dec 31, 2025, LBS reported:
Cash and bank balances of RM653.2 million
Net assets per share rising to RM1.10 (from RM1.05)
Unbilled sales of RM1.3 billion
The group also cancelled 10 million treasury shares, representing 0.6% of issued shares, as part of its capital structure optimisation strategy aimed at enhancing shareholder value.
LBS’s recovery and continued focus on Klang Valley underline a broader theme in Malaysia’s property sector: well-located projects in Selangor and Kuala Lumpur remain structurally supported by population growth, infrastructure upgrades, and industrial expansion.
As demand for industrial land in Selangor and strategic commercial nodes increases, surrounding residential and mixed-use developments often benefit from spillover demand — particularly in high-employment corridors such as Subang, Puchong, and the broader Klang Valley.
For investors active in commercial property in KL or seeking industrial property in Subang area, the financial strength of major developers is an important signal. Strong balance sheets and sustained sales performance suggest continued pipeline activity, supporting long-term confidence in the region’s industrial and commercial ecosystem.
In short, Klang Valley remains Malaysia’s most resilient property engine — and corporate results like LBS’s FY2025 performance reinforce that narrative.
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