Bintai Kinden Corporation Berhad (“BKCB” or the “Company”; Bursa: BINTAI, 6998), a mechanical and electrical (“M&E”) engineering services specialist, construction, medical device manufacturer and facilities operator, delivered a significantly stronger performance for the second quarter ended 30 September 2025 (“Q2 FY2026”).
The improvement was driven by rapid progress within its construction sub-segment and continued stability from its concession assets.
For Q2 FY2026, the Group reported revenue of RM15.77 million, up 222.7% from RM4.89 million in Q2 FY2025. The M&E division, supported by the expanding construction sub-segment, contributed RM12.21 million or 77.4% of total quarterly revenue, while the concession segment registered RM3.56 million and remained consistent with the prior year.
The Group recorded a profit before tax (“PBT”) of RM4.33 million, marking a full turnaround from the Loss before tax (“LBT”) of RM3.09 million a year earlier as higher gross profit, stronger other income, reduced expected credit losses and lower finance costs strengthened overall performance.
The M&E segment’s revenue rose sharply to RM12.21 million from RM1.31 million, approximately 830.0% growth from the previous year, underscored by RM10.12 million contributed by the construction sub-segment.
This new growth driver benefitted from five ongoing construction projects, with two projects advancing into higher billing phases during the quarter.
The concession segment continued to provide predictable and stable cash flows, delivering RM3.56 million in revenue, while segment PBT improved to RM1.73 million from RM0.95 million due to lower staff and legal costs, reduced expected credit losses and a one-off SST refund.
Quarter-on-quarter, the Group posted a marked improvement with revenue doubling from RM7.59 million in Q1 FY2026 to RM15.77 million in Q2 FY2026.
This was primarily driven by accelerated progress billing across ongoing construction projects. As a result, the Group swung from a LBT of RM3.93 million in Q1 FY2026 to a profit before tax of RM4.33 million.
The earnings recovery was further aided by the absence of RM3.70 million in ESOS expenses booked in Q1, higher other income of approximately RM0.92 million, and a reversal of expected credit losses amounting to about RM1.97 million.
Datuk Tay Chor Han, Managing Director cum CEO of BKCB, commented,
“Our Q2 performance reflects the structural improvements we have been building over the past year. The construction sub-segment continues to scale effectively, and our concession assets remain a stable earnings anchor. With stronger project execution, better cost discipline and a cleaner balance sheet following the completion of our Regularisation Plan, we are steadily moving towards a more sustainable earnings trajectory.”
As at 30 September 2025, BKCB’s project pipeline remained healthy, with an order book of approximately RM114.24 million for the construction segment and RM4.20 million for the M&E segment.
In addition, the Group is actively bidding for RM544.37 million worth of M&E tenders and RM25.20 million from the construction segment, which are currently under evaluation. This strong tender pipeline, combined with steady progress from ongoing projects, provides a solid foundation for revenue visibility and continued momentum into the second half of FY2026.
For more information, visit bintai.com.my.
The Group is also optimistic about securing new contract awards from the M&E segment in the current and upcoming quarters. Since August 2025, BKCB has commenced participation in Tenaga Nasional Berhad’s tender exercises and has submitted six bids to date, all of which are in the evaluation stage. The Group is also preparing two additional submissions which are due in the first week of December 2025.
According to Bursa Malaysia’s guidelines, Bintai Kinden may apply for an upliftment from PN17 status after achieving two consecutive quarters of profit following the completion of its Regularisation Plan on 21 May 2025.
The Company is closely monitoring its financial performance and remains optimistic about meeting the necessary criteria within the stipulated timeframe, subject to prevailing market conditions and operational progress.
