LBS posts resilient Q3FYE2025 results with 19.8% revenue growth

PETALING JAYA: LBS Bina Group Bhd has released its unaudited financial results for the third quarter ended Sept 30 (Q3FYE2025), underscoring robust project execution while maintaining its growth trajectory guided by its 8 x 8 Strategy.

For the quarter under review, the group registered revenue of RM452.3mil, up 19.8% from RM377.4mil in the corresponding quarter last year.

The property development segment, which remains as the group’s largest revenue contributor at 94.8% of total revenue, recorded an 18.1% increase to RM428.5mil from RM362.8mil, driving the overall revenue growth.

Consequently, under continuing operations, LBS achieved a 6.1% increase in profit after tax and minority interests (PATMI) to RM29.3mil from RM27.6mil in Q3FYE2024.

On a quarter-on-quarter basis, the accelerated development activities in on-going projects meant that the group’s Q3FYE2025 revenue and PATMI were 46.0% and 8.1% higher, respectively.

For the cumulative nine months period, LBS achieved PATMI from continuing operations of RM84.6mil, on the back of revenue of RM1.1bil, primarily driven by its ongoing developments including Kita at Cybersouth, LBS Alam Perdana, Prestige Residence and the Idaman series.

LBS group executive chairman Tan Sri Ir Dr Lim Hock San said, “The group’s financial results were underpinned by our continuing sales momentum.

“The strong demand for Alam Perdana Industrial Park’s customisable detached and semi-detached factory units, robust sales from the affordable high-rise residential project, Idaman Perdana and significant contributions from Centrum Iris, a mixed development project have significantly boosted overall sales.

“In addition to strong sales, we remained proactive, having introduced a new industrial product within our Alam Perdana Industrial Park and successfully launched Kita Avenue Square, the first commercial development within Kita at Cybersouth, which saw encouraging take-up rates.”

He added: “Our long-term growth prospects remain anchored by major upcoming projects, including the Kwasa Damansara township and our joint venture with Oriental Holdings Bhd in Klebang, Melaka for an integrated mixed-use industrial development.

“These initiatives will strengthen our foothold in key growth corridors across Malaysia. “Furthermore, guided by our 8 x 8 Strategy, we have recently divested part of our Johor land to favourably unlock its value.”