BBSB International (8610) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was RM73,986,000, up from RM69,786,000 in H1 2024 (unaudited), with gross profit rising to RM15,806,000 from RM10,594,000.

• Net profit attributable to owners for H1 2025 was RM3,201,000, down from RM12,112,000 in H1 2024 (unaudited).

• The group operates solely in Malaysia, focusing on civil engineering services.

Financial highlights

• Revenue increased year-over-year for H1 2025, but net profit declined due to higher income tax and lower reversal of impairment losses.

• Gross margin improved to 21.4% in H1 2025 from 15.2% in H1 2024.

• Cash and bank balances as of 30 June 2025 were RM17,593,000.

• Net cash from operating activities for H1 2025 was negative RM3,480,000, compared to RM18,335,000 in H1 2024 (unaudited).

• Total equity as of 30 June 2025 was RM57,001,000.

Outlook and guidance

• As of 30 June 2025, the group had RM369,646,000 in remaining performance obligations, with RM153,998,000 expected to be recognized within one year.

• Directors did not recommend a final dividend for the period, but a first interim dividend of RM5 million was declared after the period end.