KUALA LUMPUR: LBS Bina Group Bhd posted a resilient performance for the second quarter ended June 30, 2025, supported by steady contributions from its township developments and project completions.
The group recorded RM309.8 million in revenue, generating a profit after tax and minority interests (PATMI) of RM27.1 million. This came on the back of some of the group’s projects, which had achieved completion or were nearing completion last year. The group’s township developments are expected to continue delivering steady contributions ahead.
For the first half of 2025, cumulative revenue reached RM639.0 million, with the property development segment contributing 95.5 per cent of total revenue, delivering a PATMI of RM55.3 million.
As of Aug 19, LBS reported property sales of RM690.2 million and bookings worth RM401.1 million, underscoring continued demand. Klang Valley remained the key growth driver, led by strong sales at the flagship LBS Alam Perdana township.
Looking ahead, prospects will be enhanced by LBS’ development rights agreement with Kwasa Land Sdn Bhd to develop 77.83 hectares (ha) in Kwasa Damansara. The premium residential project, with a gross development value (GDV) of RM8.3 billion, will be developed in phases over 14 years, cementing the group’s presence in Klang Valley.
Executive chairman Tan Sri Dr Lim Hock San said LBS is in a transition phase, gearing up for its next wave of launches under the 8 x 8 Strategy alongside the transformative Kwasa Damansara township.
“These initiatives, supported by our 1,530ha landbank, serve as growth drivers in our expansion journey. They will form a sustainable development pipeline that will underpin our growth over the medium to long term,” he said in a statement.
He added that LBS has strong earnings visibility, backed by RM1.33 billion in unbilled sales to be progressively recognised, alongside healthy sales momentum in its core Klang Valley markets.
“Our established townships, KITA @ Cybersouth and LBS Alam Perdana, along with the Prestige Residence and Idaman projects, continue to perform well, reinforcing our competitive position and our ability to deliver long-term value for shareholders,” he added.
© New Straits Times Press (M) Bhd
