Last updated on December 25, 2025
KUALA LUMPUR, 25 November 2025 — Lim Seong Hai Capital Berhad (LSH Capital) delivered another year of record results for its fourth quarter and full financial year ended 30 September 2025 (FY2025), posting its highest-ever profit after tax (PAT) of RM103.3 million and declaring a record total dividend of 3.89 sen per share.
This marks the Group’s strongest performance since listing and its first full financial year following the transfer from the LEAP Market to the ACE Market of Bursa Malaysia in March 2025.
4QFY2025: Revenue Surges 60.7% YoY
For the fourth quarter, LSH Capital reported:
- Revenue: RM135.5 million (+60.7% YoY)
- PBT: RM54.6 million (+24.8% YoY)
- PAT: RM38.2 million (+16.1% YoY)
Growth was fuelled by stronger progress in the property development segment and the consolidation of the facilities management business.
FY2025: Record Revenue, PBT and PAT
For the full year, the Group achieved:
- Revenue: RM460.7 million (+27.5% YoY)
- PBT: RM139.2 million (+42.4% YoY)
- PAT: RM103.3 million (+39.1% YoY)
- PBT margin: 30.2%
- PAT margin: 22.4%
LSH Capital also declared a fourth interim dividend of 1.55 sen, bringing the FY2025 total dividend to 3.89 sen or RM32.6 million, equivalent to 31.6% of full-year PAT. The Group has maintained an uninterrupted quarterly dividend payout since debuting on the LEAP Market in 2021.
Segment Performance: Property Development Doubles, KL Tower Boosts Recurring Income
- Construction Segment:
Revenue remained strong at RM276.6 million, with gross profit margin rising from 31.0% to 35.2% on higher-margin building material trading and value-added services. - Property Development Segment:
Revenue more than doubled to RM158.6 million, supported by the LSH Segar project and stronger sales momentum. - Facilities Management Segment:
The Kuala Lumpur Tower concession contributed RM25.6 million in revenue with a high 68.7% gross profit margin, providing a steady recurring income base.
BEST Collaboration Framework Continues to Deliver
The Group reaffirmed the strength of its BEST Collaboration Framework, introduced in 2021 to integrate construction, engineering, materials trading and property development into a unified value chain.
Non-Executive Chairman Tan Sri Datuk Seri Lim Keng Cheng said:
“Our record FY2025 results and highest-ever dividend underline the strength of our BEST Collaboration Framework and the depth of our management team. This intergenerational management model combines the experience of the founding generation with the energy and ideas of the next generation. It is exactly what allows LSH Capital to execute better, move faster and create sustainable value for our shareholders and partners.”
KL Tower Concession and Morib Rejuvenation Project Strengthen Long-Term Pipeline
In April 2025, LSH Capital assumed full operational control of the Kuala Lumpur Tower under a 20-year concession, creating a long-term recurring income stream and a platform to strengthen capabilities in asset operations and facilities management.
The Group also recently received an agreed-in-principle confirmation from:
- Seriemas Development Sdn Bhd
- Permodalan Negeri Selangor Berhad
- Seriemas Resort Sdn Bhd
for the proposed Morib Rejuvenation Project involving approximately 597 acres. Planned activities include golf course rejuvenation, hospitality and land development, offering long-term earnings visibility.
Together, the KL Tower concession and Morib project diversify the Group into long-duration, asset-backed recurring income streams.
Outlook: Active Tendering and Strategic Landbanking
LSH Capital is actively tendering for new infrastructure, building and concession projects while scouting for strategic landbanks in the Klang Valley and other high-growth corridors.
