Crest Builder’s 2Q revenue jumps 84% on construction progress

PETALING JAYA (Aug 20): Crest Builder Holdings Bhd’s revenue for the second quarter ended June 30, 2026 (2QFY2026) rose 84% year-on-year to RM259.19 million from RM141.06 million, mainly on higher construction progress recognised for its ongoing projects.

In an unaudited filing with Bursa Malaysia on Thursday (Aug 20), the construction and property development group said profit attributable to shareholders rose 8% to RM2.84 million from RM2.64 million a year earlier, while profit before tax increased 48% to RM4.87 million from RM3.30 million.

The construction division recorded second-quarter revenue of RM218.4 million, nearly double the RM110.2 million posted a year earlier, while its pre-tax profit rose to RM2.9 million from RM900,000. The group attributed the improvement to higher construction progress recognised during the quarter.

Its property development division recorded revenue of RM29 million, up 57% from RM18.5 million in 2QFY2025, due to higher sales and construction progress recognised in respect of Interpoint at Bandar Bukit Tinggi, Klang, and Centrix at Jalan Ampang. The division’s pre-tax profit was unchanged at RM100,000.

For the first half of FY2026, group revenue rose 71% to RM436.92 million from RM255.36 million, while profit attributable to shareholders increased 36% to RM6.62 million from RM4.87 million.

Crest Builder said its outstanding construction order book stood at about RM1.9 billion. It is targeting approximately RM700 million in order-book replenishment for FY2026, of which RM513 million has been secured to date.

For the six-month period, construction generated RM362.61 million in external revenue, up from RM193.57 million a year earlier, while its segment result rose to RM13.64 million from RM4.4 million. Property development external revenue increased to RM50.54 million from RM37.86 million, although its segment result declined to RM1.18 million from RM3.82 million.

The group said its ongoing construction projects were progressing within their stipulated timelines and that it would continue to pursue commercially viable work in high-rise buildings, commercial developments, institutional facilities and infrastructure-related works.

Crest Builder expects its property development business to provide an additional earnings driver in the current and following financial years.

It said Interpoint had contributed positively to earnings in the current financial year and is expected to contribute progressively over its development period. Centrix at Jalan Ampang is expected to contribute to future earnings upon commencement, the group said.

The board said it remained cautiously optimistic about the group’s FY2026 outlook and financial performance, barring unforeseen circumstances.

..........

EdgeProp monthly brings you data, insights and solutions for an evolving market. Subscribe now for your free copy!