Binastra Corp's 4Q net profit jumps 70% to RM42.4 mil driven by construction business

KUALA LUMPUR (March 26): Binastra Corp Bhd's (KL:BNASTRA) fourth quarter net profit climbed by nearly 70% to RM42.4 million from RM25.1 million a year ago, supported by its construction business amid a rise in the number of ongoing projects.

This meets RHB Research’s earnings projection of between RM40 million and RM50 million for the group, supported by a jump in the order book from RM1.4 billion in FY2024 to RM6.5 billion in FY2026. The research house had also projected a three-year earnings compound annual growth rate of 32% from FY2025 to FY2028.

Revenue for the quarter ended Jan 31, 2026 (4QFY2026) surged 77% to RM477.2 million from RM270.2 million, according to the group's bourse filing on Thursday.

Binastra said the improved performance was driven by its wholly-owned subsidiary Binastra Builders Sdn Bhd, and contribution from its 51% stake in thermal energy firm LF Lansen San Bhd which was acquired in August 2025.

During the quarter, Binastra Builders increased its number of ongoing projects by securing seven new contracts with a combined value of RM2.3 billion.

The group now has an outstanding order book of RM6.5 billion, which it expects to provide earnings visibility over the next four financial years.

Its full-year performance for FY2026 was also positive, with net profit rising 48% to RM133.49 million from RM90.26 million in the previous year, while revenue jumped to RM1.5 billion from RM946.6 million.

The group said it expects the construction segment to remain the principal contributor to its revenue and profitability and "further enhance the group’s performance moving forward".

Binastra declared a quarterly dividend of 3.5 sen per share. This brings the total dividend for FY2026 to 6.5 sen against three sen in FY2025.

Moving forward, the group said it will focus on sustaining its growth momentum by executing the existing order book efficiently while securing more high-value contracts. 

It is also exploring new opportunities in  infrastructure and renewable energy developments in other states, after entering the Sabah and Johor markets.

Binastra’s shares closed unchanged at RM1.98 on Thursday, giving the group a market capitalisation of RM2.16 billion.

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