Last updated on December 25, 2025
KUALA LUMPUR, 21 November 2025 — Bintai Kinden Corporation Berhad (KLSE: BINTAI) has delivered a sharp turnaround in its second quarter ended 30 September 2025, posting RM15.77 million in revenue, a 222.7% surge from a year earlier, driven by accelerated construction progress and continued stability from its concession assets.
The Group returned to profitability with a profit before tax (PBT) of RM4.33 million, reversing the loss before tax of RM3.09 million recorded in Q2 FY2025. The improvement stems from higher gross profit, stronger other income, lower expected credit losses and reduced finance costs.
Construction Momentum Lifts M&E Division More Than Eightfold
Bintai Kinden’s M&E division contributed RM12.21 million, or 77.4% of total quarterly revenue — a steep increase from RM1.31 million in the same quarter last year, representing approximately 830% growth.
The construction sub-segment delivered RM10.12 million, supported by five ongoing projects, with two moving into higher billing phases.
The concession segment remained stable, delivering RM3.56 million in revenue, and 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 Recovery: From Loss-Making to Profitable
Compared to Q1 FY2026, revenue doubled from RM7.59 million to RM15.77 million, powered by accelerated progress billings.
The Group swung from a LBT of RM3.93 million in Q1 to a PBT of RM4.33 million, aided by:
- A RM3.70 million ESOS expense booked in Q1 that did not recur
- Higher other income (+RM0.92 million)
- A reversal of expected credit losses (+RM1.97 million)
Order Book at RM118.44 Million, Tender Book Above RM569 Million
As of 30 September 2025:
- Construction order book: RM114.24 million
- M&E order book: RM4.20 million
- M&E tenders under evaluation: RM544.37 million
- Construction tenders under evaluation: RM25.20 million
Since August 2025, Bintai Kinden has begun taking part in Tenaga Nasional Berhad’s tender exercises, submitting six bids currently under evaluation, with two more submissions due in early December.
Management: “Structural improvements taking effect”
Managing Director and CEO Datuk Tay Chor Han said the improved results reflect the benefits of the company’s transformation over the past year:
“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.”
He added that stronger project execution, disciplined cost management and a cleaner balance sheet following the Regularisation Plan have supported the Group’s strategic recovery.
PN17 Upliftment Target in Sight
According to Bursa Malaysia’s guidelines, Bintai Kinden may apply for PN17 upliftment after achieving two consecutive quarters of profit following the completion of its Regularisation Plan on 21 May 2025.
The company said it remains optimistic about meeting the requirements, subject to market conditions and operational performance.
