BBSB International Limited (“BBSB”) has released its unaudited interim results for the six months ended 30 June 2026, highlighting resilient profitability amid project delays and increased operating costs.
Financial Highlights (Six Months to 30 June 2026) • Revenue: RM64.15 million, down 13.4% year-on-year, as slower progress on highway and bridge projects JB27 and JB28 offset gains at flood-mitigation project JB31 and road-upgrade project JB32. • Gross profit: RM13.54 million (-14.3% YoY); gross margin held broadly stable at 21.1% (1H25: 21.4%). • Net profit attributable to shareholders: RM4.89 million, up 53.0% from RM3.20 million, driven mainly by a RM4.59 million drop in listing expenses to RM0.22 million. • Other operating expenses: RM9.00 million (+45.2% YoY) reflecting higher staff costs and professional fees. • Finance costs: RM0.09 million, essentially flat. • Interim dividend: HK$0.01 per share; record date 16 September 2026, payable on or around 30 September 2026.
Balance Sheet and Liquidity • Cash and bank balances surged to RM37.42 million (31 Dec 2025: RM11.54 million) following the January GEM listing that raised HK$48.10 million net. • Current ratio improved to 2.5x (31 Dec 2025: 1.7x). • Net gearing fell to 4.6% (31 Dec 2025: 9.1%) with total debt at RM4.33 million. • Total equity climbed to RM93.11 million from RM55.09 million.
Operations and Order Book • Five ongoing projects with combined contract value of RM724.80 million, covering highways, bridges and flood mitigation. • Key projects JB27 and JB28 faced delays due to land acquisition issues, design changes and utility relocations; updated timelines are in place. • No new contracts secured since listing, but BBSB remains active in tenders to replenish its pipeline.
Capital Deployment • IPO proceeds allocation (HK$48.10 million): – 65.2% earmarked for upfront costs of potential projects; utilisation deferred to 31 December 2026. – 19.8% for workforce expansion; HK$0.70 million used. – 5.0% for IT upgrades (fully utilised). – 10.0% for general working capital; HK$3.70 million used.
Outlook Management expects Malaysia’s transportation infrastructure and bridge engineering markets to stay resilient, underpinned by continued government investment. BBSB intends to leverage its Grade G7 contractor status and 4-Star CIDB rating to pursue large-scale public infrastructure contracts while maintaining disciplined cost control and project selection.
Post-period Event On 12 August 2026, subsidiary BBSB Holdings Sdn. Bhd. signed an MoU with an independent party to explore developing a data-centre facility; details remain under negotiation.
The Board expressed appreciation to shareholders, employees and stakeholders for their continued support and reaffirmed its focus on sustainable growth and operational efficiency.
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