Hong Kong – BBSB International Limited reported audited results for the year ended 31 December 2025 (FY2025), showing mixed operating trends as higher project activity was offset by non-recurring expenses linked to its January 2026 GEM listing.
Key financials • Revenue rose 10.70% year-on-year to RM147.23 million, driven mainly by stronger contributions from Project JB28. • Gross profit increased 15.98% to RM29.77 million, lifting gross margin to 20.2% (FY2024: 19.3%). • Net profit attributable to shareholders fell 75.97% to RM6.29 million after recognising RM8.87 million in listing expenses and a sharply lower reversal of impairment losses. • Basic and diluted EPS dropped to 1.68 sen from 6.98 sen. • No final dividend was recommended; the only dividend paid in FY2025 was a first interim payment of RM5.00 million (FY2024: RM26.00 million in total).
Cost structure and expenses • Cost of services increased 9.45% to RM117.46 million, broadly in line with revenue growth. • Other operating expenses rose 12.36% to RM13.05 million, reflecting higher headcount and project activity. • Finance costs narrowed to RM0.23 million (FY2024: RM0.42 million).
Balance-sheet snapshot • Cash and bank balances declined to RM11.54 million from RM23.15 million, mainly due to working-capital needs. • Net current assets improved to RM46.96 million (FY2024: RM43.95 million), supporting a current ratio of 1.71x. • Total borrowings and lease liabilities fell to RM4.97 million, putting net gearing at 9.1% versus 12.3% a year earlier. • Remaining performance obligations stood at RM407.57 million, with RM190.36 million expected to convert to revenue within 12 months.
Operational highlights As at 31 December 2025 the Group managed five ongoing infrastructure projects in Malaysia with a combined contract value of approximately RM723.50 million. All revenue continued to be generated domestically, and Customer A and Customer B accounted for 35.2% and 56.6% of FY2025 revenue respectively.
Outlook Management expects Malaysia’s transportation infrastructure sector to post moderate growth in 2026, supported by ongoing government spending. The Group intends to pursue new contracts while maintaining a prudent approach to cost and risk management.
Subsequent events On 13 January 2026 the company issued 374.999 million shares via capitalisation and placed 125.000 million new shares upon listing on GEM. No other significant events were noted after the reporting date.
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