BBSB International (8610) H1 2026 earnings summary

Executive summary

• Operates as a civil engineering contractor in Malaysia, focusing on large-scale public infrastructure projects, with five ongoing projects totaling RM724.8 million in contract value as of 30 June 2026.

• Revenue decreased 13.4% year-over-year to RM64.1 million due to project delays, but net profit rose 52.9% to RM4.9 million, mainly from lower listing expenses.

• Listed on GEM of the Hong Kong Stock Exchange on 13 January 2026, raising HK$48.1 million in net proceeds.

• No new projects secured since listing, but actively participating in tenders to replenish the project pipeline.

Financial highlights

• Revenue for H1 2026 was RM64.1 million, down from RM74.0 million in H1 2025.

• Gross profit was RM13.5 million (21.1% margin), slightly down from RM15.8 million (21.4%) in H1 2025.

• Net profit rose to RM4.9 million from RM3.2 million, mainly due to lower listing expenses, despite lower revenue and higher operating costs.

• Earnings per share for H1 2026 was 0.99 sen (H1 2025: 0.85 sen).

• Cash and bank balances increased to RM37.4 million as of 30 June 2026, up from RM11.5 million at year-end 2025.

Outlook and guidance

• Malaysian transportation infrastructure market expected to remain resilient, supported by government investment.

• Bridge engineering segment anticipated to grow steadily due to increasing technical complexity and capital requirements.

• Focus remains on prudent project selection, cost management, and operational efficiency to support sustainable growth.

• Actively pursuing new tenders to replenish project pipeline, though no new projects secured since listing.