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BCB BERHAD Interim / Quarterly Report 2026
70331_rns_2026-05-24_fc7887bc-031d-48d8-ad82-d5c21ba33783.pdf
Interim / Quarterly Report
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Building Communities & Beyond
3rd QUARTER
INTERIM REPORT
FOR THE FINANCIAL PERIOD ENDED 31 March 2026
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Interim Report For The Financial Period Ended 31 March 2026
(The figures have not been audited)
| CONTENTS | PAGES |
|---|---|
| CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | 1 |
| CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 2 |
| CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 3 |
| CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | 4 |
| EXPLANATORY NOTES TO THE INTERIM REPORT | 5-13 |
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE
FINANCIAL PERIOD ENDED 31 MARCH 2026
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| CURRENT PERIOD QUARTER 31.03.2026 RM'000 | PRECEDING PERIOD CORRESPONDING QUARTER 31.03.2025 RM'000 | CURRENT PERIOD TO-DATE 31.03.2026 RM'000 | PRECEDING PERIOD CORRESPONDING PERIOD 31.03.2025 RM'000 | |
| Revenue | 90,879 | 37,599 | 274,283 | 125,235 |
| Cost of sales | (69,021) | (22,165) | (199,481) | (76,246) |
| Gross profit | 21,858 | 15,434 | 74,802 | 48,989 |
| Other operating expenses | (15,230) | (13,068) | (42,226) | (35,890) |
| Other operating income | 1,087 | 5,892 | 5,861 | 8,786 |
| Profit from operations | 7,715 | 8,258 | 38,437 | 21,885 |
| Finance income | 51 | 231 | 256 | 578 |
| Finance cost | (1,179) | (5,335) | (11,555) | (12,751) |
| Profit before taxation | 6,587 | 3,154 | 27,138 | 9,712 |
| Taxation | (2,400) | (676) | (7,958) | (2,082) |
| Profit after taxation | 4,187 | 2,478 | 19,180 | 7,630 |
| Other Comprehensive Income | - | - | - | - |
| Total comprehensive income for the financial period | 4,187 | 2,478 | 19,180 | 7,630 |
| Profit/(Loss) attributable to: | ||||
| Owners of the Company | 4,146 | 1,426 | 17,908 | 6,594 |
| Non-Controlling Interest | 41 | 1,052 | 1,272 | 1,036 |
| 4,187 | 2,478 | 19,180 | 7,630 | |
| Total comprehensive income/(loss) attributable to: | ||||
| Owners of the Company | 4,146 | 1,426 | 17,908 | 6,594 |
| Non-Controlling Interest | 41 | 1,052 | 1,272 | 1,036 |
| 4,187 | 2,478 | 19,180 | 7,630 | |
| EPS - Basic (sen) | 1.03 | 0.35 | 4.44 | 1.63 |
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Annual Financial Report for the year ended 30th June 2025)
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE
FINANCIAL PERIOD ENDED 31 MARCH 2026
| (UNAUDITED) AS AT 31.03.2026 RM'000 | (AUDITED) AS AT 30.06.2025 RM'000 | |
|---|---|---|
| Non-Current Assets | ||
| Property, plant, and equipment | 47,628 | 48,048 |
| Investment properties | 52,807 | 53,662 |
| Inventories | 341,235 | 428,899 |
| Deferred tax assets | 6,287 | 4,740 |
| Trade and other receivables | - | 27 |
| 447,957 | 535,376 | |
| Current assets | ||
| Inventories | 618,130 | 593,888 |
| Tax recoverable | 6,736 | 6,041 |
| Trade and other receivables | 142,048 | 101,754 |
| Contract assets | 14,083 | 21,931 |
| Cash and bank balances | 51,913 | 39,313 |
| 832,910 | 762,927 | |
| Total Assets | 1,280,867 | 1,298,303 |
| Equity and liabilities | ||
| Equity | ||
| Share capital | 206,250 | 206,250 |
| Treasury shares | (2,327) | (2,327) |
| Revaluation reserve | 5,673 | 5,673 |
| Retained earnings | 350,327 | 332,419 |
| Equity attributable to owners of the Parent | 559,923 | 542,015 |
| Non-Controlling Interest | 38,208 | 36,773 |
| 598,131 | 578,788 | |
| Non-current liabilities | ||
| Borrowings | 220,023 | 234,241 |
| Lease liabilities | 2,356 | 2,427 |
| Other payables | 1,016 | 1,501 |
| Deferred tax liabilities | - | 507 |
| 223,395 | 238,676 | |
| Current liabilities | ||
| Trade and other payables | 241,636 | 273,225 |
| Contract liabilities | 103,838 | 80,619 |
| Borrowings | 105,125 | 121,094 |
| Lease liabilities | 1,529 | 1,908 |
| Current tax liabilities | 7,213 | 3,993 |
| 459,341 | 480,839 | |
| Total liabilities | 682,736 | 719,515 |
| Total equity and liabilities | 1,280,867 | 1,298,303 |
| Net assets per share (RM) | 1.36 | 1.31 |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Annual Financial Report for the year ended 30th June 2025)
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2026
| | Share capital
RM'000 | Non-distributable | | Distributable | | Total
RM'000 | Non-Controlling Interest
RM'000 | Total Equity
RM'000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | Revaluation surplus
RM'000 | Treasury shares
RM'000 | Retained earnings
RM'000 | | | | |
| At 01.07.2025 | 206,250 | 5,673 | (2,327) | 332,419 | 542,015 | 36,773 | 578,788 | |
| Profit for the financial period | - | - | - | 17,908 | 17,908 | 1,272 | 19,180 | |
| Total comprehensive income/(loss) | - | - | - | 17,908 | 17,908 | 1,272 | 19,180 | |
| Issuance of share in subsidiaries | - | - | - | - | - | 163 | 163 | |
| Total transaction with owners | - | - | - | - | - | 163 | 163 | |
| At 31.03.2026 | 206,250 | 5,673 | (2,327) | 350,327 | 559,923 | 38,208 | 598,131 | |
| At 01.07.2024 | 206,250 | 5,673 | (3,373) | 322,771 | 531,321 | 36,151 | 567,472 | |
| Profit for the financial period | - | - | - | 6,594 | 6,594 | 1,036 | 7,630 | |
| Total comprehensive income/(loss) | - | - | - | 6,594 | 6,594 | 1,036 | 7,630 | |
| Settlement of share dividend | - | - | 1,046 | 572 | 1,618 | - | 1,618 | |
| Total transaction with owners | - | - | 1,046 | 572 | 1,618 | - | 1,618 | |
| At 31.03.2025 | 206,250 | 5,673 | (2,327) | 329,937 | 539,533 | 37,187 | 576,720 | |
(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Annual Financial Report for the year ended 30th June 2025)
3
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2026
| | 9 MONTHS ENDED
31.03.2026
RM'000 | 9 MONTHS ENDED
31.03.2025
RM'000 |
| --- | --- | --- |
| Operating activities | | |
| Profit before taxation | 27,138 | 9,712 |
| Adjustments for non-cash items | 11,077 | 12,220 |
| Operating profit before working capital changes | 38,215 | 21,932 |
| Trade receivables & other receivables | (39,620) | (19,074) |
| Contract asset | 9,544 | 3,019 |
| Land held for property development | 87,664 | (37,167) |
| Inventories | 61,708 | (8,936) |
| Property development cost | (85,950) | (90,561) |
| Trade payables and other payables | (32,074) | 43,843 |
| Contract liabilities | 23,219 | 12,820 |
| Net change in working capital | 62,706 | (74,124) |
| Tax paid | (8,471) | (7,270) |
| Tax refunded | 985 | - |
| Net cash from/ (used in) operating activities | 55,220 | (81,394) |
| Investing activities | | |
| Interest received | 256 | 578 |
| Proceeds from disposal of investment properties | 923 | 1,307 |
| Purchase of property, plant, and equipment | (465) | (801) |
| Proceed from disposal of property, plant, and equipment | 109 | 517 |
| Net cash from investing activities | 823 | 1,601 |
| Financing activities | | |
| Interest paid | (11,555) | (12,751) |
| Drawdown of borrowings | 34,234 | 145,163 |
| Repayments of borrowings | (55,288) | (52,539) |
| Repayments of lease liabilities | (1,863) | (1,626) |
| Ordinary share capital contributed by non-controlling interests of subsidiaries | 163 | - |
| Net cash (used in)/ from financing activities | (34,309) | 78,247 |
| Net increase/(decrease) in cash and cash equivalents for the financial period | 21,734 | (1,546) |
| Cash and cash equivalents at beginning of financial period | 3,773 | (2,863) |
| Cash and cash equivalents at end of financial period | 25,507 | (4,409) |
| Cash and cash equivalent comprise the following: | | |
| Deposits | 4,910 | 3,784 |
| Cash and bank balances | 47,003 | 20,150 |
| Bank overdrafts | (25,977) | (27,917) |
| | 25,936 | (3,983) |
| Less: Deposit pledged to licensed banks | (429) | (426) |
| | 25,507 | (4,409) |
(The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Annual Financial Report for the year ended 30th June 2025)
4
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report For The Financial Period Ended 31 March 2026
(The figures have not been audited)
A. EXPLANATORY NOTES
A1. Basis of Preparation
The interim financial report is unaudited and has been prepared in accordance with Malaysian Financial Reporting Standards (“MFRS”) 134 - Interim Financial Reporting issued by the Malaysian Accounting Standards Board and paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Berhad. The interim financial report should be read in conjunction with the annual audited financial statements of the Group for the year ended 30 June 2025.
A2. Changes in Significant Accounting Policies
The accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied by the Group in the consolidated financial statements for the financial year ended 30 June 2025.
A3. Status of Audit Qualifications
The audited financial statements of the Group for the year ended 30 June 2025 were not subject to any audit qualification.
A4. Seasonal or Cyclical Factors
The business operations of the Group during the financial period under review have not been materially affected by any seasonal or cyclical factors.
A5. Unusual Items
There were no unusual items affecting assets, liabilities, equity, net income and cash flows during the financial quarter under review.
A6. Material changes in past estimates and their effect on the current interim period
There were no material changes in estimates for the 9 months ended 31 March 2026.
A7. Issuances or Repayments of Debts and Equity Securities
There were no issuance, cancellation, repurchases, resale and repayment of debts and equity securities in the financial quarter under review except for:
Share Buy-back
As at to-date, the Company has bought back a total of 8,882,997 shares from the open market at an average purchase price of RM0.26 per share. The total consideration paid for the share buy-back, inclusive of transaction costs amounted to RM2,326,666.
A8. Dividend
The Board does not recommend any interim dividend for the financial quarter under review.
5
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report For The Financial Period Ended 31 March 2026
(The figures have not been audited)
A. EXPLANATORY NOTES
A9. Segment Information
Segmental information is presented in respect of the Group's business segments and they reflect the Group's internal reporting structures that are regularly reviewed for the purpose of allocating resources to the segment and assessing its performance.
For management purposes, the Group has identified the following three reportable segments as follows:
a) Property Development : Property Development, Letting of Properties and Project Management
b) Construction : Project Construction Services, Manufacturing of Concrete Products and Trading of Building Materials
c) Others : Hotel services and dormant companies for future use
| Property | |||||
|---|---|---|---|---|---|
| development | Construction | Others | Elimination | Total | |
| RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
| 9 Months Ended 31.03.2026 | |||||
| Revenue | |||||
| External revenue | 262,044 | 7,123 | 3,607 | 1,509 | 274,283 |
| Inter-segment revenue | - | 79,243 | - | (79,243) | - |
| Total | 262,044 | 86,366 | 3,607 | (77,734) | 274,283 |
| Adjusted EBITDA | 35,467 | 6,797 | 1,031 | (2,553) | 40,742 |
| 9 Months Ended 31.03.2025 | |||||
| Revenue | |||||
| External revenue | 105,785 | 15,789 | 3,728 | (67) | 125,235 |
| Inter-segment revenue | - | 69,621 | - | (69,621) | - |
| Total | 105,785 | 85,410 | 3,728 | (69,688) | 125,235 |
| Adjusted EBITDA | 25,214 | 3,217 | 1,142 | (5,248) | 24,325 |
| Total segment assets | |||||
| 31.03.2026 | 1,813,565 | 137,417 | 25,619 | (708,757) | 1,267,844 |
| 31.03.2025 | 1,824,063 | 108,863 | 26,083 | (705,345) | 1,253,664 |
| Total segment liabilities | |||||
| 31.03.2026 | 953,137 | 111,642 | 11,213 | (400,469) | 675,523 |
| 31.03.2025 | 976,059 | 92,140 | 12,637 | (394,925) | 685,911 |
6
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report For The Financial Period Ended 31 March 2026
(The figures have not been audited)
A. EXPLANATORY NOTES
A9. Segment Information (continued)
| | 31.03.2026
RM'000 | 31.03.2025
RM'000 |
| --- | --- | --- |
| A reconciliation of total adjusted EBITDA | | |
| Adjusted EBITDA | 40,742 | 24,325 |
| Finance income | 256 | 578 |
| Finance cost | (11,555) | (12,751) |
| Tax | (7,958) | (2,082) |
| Depreciation | (2,305) | (2,440) |
| Net profit for the financial period | 19,180 | 7,630 |
| Reportable segments assets are reconciled to total assets as follows: | | |
| Total segment assets | 1,267,844 | 1,253,664 |
| Tax recoverable | 13,023 | 11,400 |
| Consolidated total assets (as per Statement of Financial Position) | 1,280,867 | 1,265,064 |
| Reportable segments liabilities are reconciled to total liabilities as follows: | | |
| Total segment liabilities | 675,523 | 685,911 |
| Tax payable | 7,213 | 2,433 |
| Consolidated total liabilities (as per Statement of Financial Position) | 682,736 | 688,344 |
A10. Carrying Amount of Revalued Assets
Property, plant and equipment, which are stated at revalued amounts, have been brought forward without amendments from the previous Annual Financial Statements.
A11. Material events not reflected in interim period.
The Group does not have any material events during the financial period under review.
A12. Changes in the Composition of the Group
There were no material changes to the composition of the Group during the financial period under review.
A13. Contingent Liabilities
There were no material contingent liabilities that have arisen since the date of the latest audited financial statements.
A14. Capital Commitments
The Group does not have any capital commitments outstanding during the financial period under review.
7
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
A. EXPLANATORY NOTES
A15. Recurrent Related Party Transactions
a) Nature of relationships of BCB Group with the interested related parties
(i) Tan Sri Dato' Tan Seng Leong is a director of BCB Berhad and all its subsidiary companies. He is a major shareholder of BCB Berhad via his family-controlled company called Evergreen Ratio Sdn Bhd. He is deemed to have an interest with the interested related parties by virtue of his relationship with his spouse and his children namely Puan Sri Datin Lim Sui Yong, Tan Vin Sern, Tan Lindy and Dato' Sri Tan Vin Shyan who are directors of Marvel Plus Development Sdn Bhd ("MPDSB"), whilst Puan Sri Datin Lim Sui Yong, Tan Vin Sern and Tan Lindy are also shareholders of MPDSB. Tan Sri Dato' Tan Seng Leong, Tan Vin Sern, Tan Lindy and Dato' Sri Tan Vin Shyan who are directors of Ju-Ichi Enterprise Sdn Bhd ("JIESB"), whilst Tan Sri Dato' Tan Seng Leong and Puan Sri Datin Lim Sui Yong are also shareholders of JIESB.
(ii) Tan Vin Sern is a director of BCB Berhad and all of its subsidiary companies. He is the son of Tan Sri Dato' Tan Seng Leong and Puan Sri Datin Lim Sui Yong, and brother of Tan Lindy and Dato' Sri Tan Vin Shyan. He is a director of MPDSB and JIESB, and also a shareholder of MPDSB.
(iii) Tan Lindy is a Director of BCB Berhad and most of its subsidiary companies. She is the daughter of Tan Sri Dato' Tan Seng Leong and Puan Sri Datin Lim Sui Yong, and the sister of Tan Vin Sern and Dato' Sri Tan Vin Shyan. She is a director of MPDSB and JIESB, and also a shareholder of MPDSB.
(iv) Dato' Sri Tan Vin Shyan is a director of BCB Berhad and most of its subsidiary companies. He is the son of Tan Sri Dato' Tan Seng Leong and Puan Sri Datin Lim Sui Yong, and brother of Tan Vin Sern and Tan Lindy. He is a director of MPDSB and JIESB.
(v) Tan Lay Hiang is a Director of BCB Berhad and most of its subsidiary companies. She is the sister of Tan Sri Dato' Tan Seng Leong and also the sister-in-law to Puan Sri Datin Lim Sui Yong.
(vi) Puan Sri Datin Lim Sui Yong is a director of MPDSB, and also a shareholder of JIESB and MPDSB.
b) The recurrent related party transactions between BCB Group and the interested related parties are as follows:
| | | Current
Period Quarter
31.03.2026
RM'000 | Preceding
Period Quarter
31.03.2025
RM'000 |
| --- | --- | --- | --- |
| Marvel Plus Development Sdn Bhd | | | |
| BCB Construction Sdn Bhd | - Building construction services | 2,718 | 7,472 |
| Ju-Ichi Enterprise Sdn Bhd | | | |
| BCB Berhad | - Rental of office space | 80 | 75 |
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
B. ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENTS
B1. Review of Performance of the Group for the Current Quarter and Cumulative Quarter
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| CURRENT PERIOD QUARTER | PRECEDING PERIOD CORRESPONDING QUARTER | CURRENT PERIOD TO DATE | PRECEDING PERIOD CORRESPONDING PERIOD | |
| Revenue | 31.03.2026 RM'000 | 31.03.2025 RM'000 | 31.03.2026 RM'000 | 31.03.2025 RM'000 |
| Property Development | 86,941 | 31,429 | 263,553 | 105,718 |
| Construction | 2,891 | 5,075 | 7,123 | 15,789 |
| Others | 1,047 | 1,095 | 3,607 | 3,728 |
| 90,879 | 37,599 | 274,283 | 125,235 | |
| Profit/(Loss) Before Tax | ||||
| Property Development | 5,355 | 2,232 | 23,439 | 6,357 |
| Construction | 1,152 | 868 | 3,028 | 2,564 |
| Others | 80 | 54 | 671 | 791 |
| 6,587 | 3,154 | 27,138 | 9,712 |
3Q 2026 vs 3Q 2025
The Group reported revenue of RM90.88 million and profit before tax of RM6.59 million as compared to the revenue of RM37.60 million and profit before tax of RM3.15 million in the preceding period corresponding quarter.
Segment performance for the current quarter under review is as follows:
i.) Property Development
The current quarter revenue was mainly contributed by the project progress recognition from Lumina Commercial Park @ Iskandar Puteri ("Lumina"), HomeTree @ Kota Kemuning ("HomeTree"), and sales of completed stocks from Versis @ Medini ("Versis") and Elysia Park Residence @ Medini ("Elysia").
The property development segment reported an increase in revenue of RM55.51 million, from RM31.43 million to RM86.94 million compared to the preceding period corresponding quarter. The increase in revenue was largely attributed to higher revenue contributed from Lumina and HomeTree. In addition, sales of completed stocks from Versis and Elysia.
In line with the increase in revenue, the segment reported an increase in profit before tax of RM3.13 million, from RM2.23 million to RM5.36 compared to the preceding period corresponding quarter. Higher profit before tax in the current quarter was largely contributed by higher profit from Lumina. Further, lower finance cost incurred in the current quarter.
ii.) Construction
The construction segment reported a decrease in revenue of RM2.19 million compared to the preceding period corresponding quarter. The decrease was largely attributed to lower revenue contributed from Taman Saujana's RMMJ.
Despite the decrease in revenue, the construction segment reported an increase in profit before tax amounting to RM0.28 million. The increase mainly due to higher profit for overall on-going projects. Further, reversal of impairment losses on receivables incurred in the current quarter.
9
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
B. ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENTS
B1. Review of Performance of the Group for the Current Quarter and Cumulative Quarter (continued)
iii.) Others
Other division mainly represent hotel services and leasing business. There was a slight decrease in revenue of RM0.05 million as compared to preceding period corresponding quarter. The decrease was mainly attributed to lower revenue from food and beverages, as well as events and functions in the current quarter.
Despite the decrease in revenue, the segment reported a slight increase in profit before tax mainly due to lower operating expenses incurred in the current quarter.
9M FY 2026 vs 9M FY 2025
For the cumulative quarter ended on March 31, 2026, the Group reported revenue of RM274.28 million and profit before tax of RM27.14 million as compared to the revenue of RM125.24 million and profit before tax of RM9.71 million in the preceding corresponding period.
Segmental performance for the current period under review is as follow:
i.) Property Development
The property development segment reported a significant increase in revenue of RM157.83 million, from RM105.72 million to RM263.55 million compared to the preceding corresponding period. The increase in revenue was largely attributed to higher revenue contributed from Lumina, HomeTree and Evergreen Heights @ Batu Pahat ("EH"). In addition, sales of completed stocks from Versis and Elysia.
In line with the increase in revenue, the segment reported a significant increase in profit before tax of RM17.08 million, from RM6.36 million to RM23.44 million compared to the preceding corresponding period. Higher profit before tax in the current financial period was largely contributed by higher profit from Lumina and HomeTree. In addition, reversal of impairment losses on receivables incurred in the current financial period.
ii.) Construction
The Construction segment reported a decrease in revenue of RM8.67 million compared to the preceding corresponding period. The decrease in revenue was mainly attributed to lower revenue contributed from Taman Saujana's RMMJ.
Despite the decrease in revenue, the construction segment reported an increase in profit before tax amounting to RM0.47 million. The increase mainly due to higher profit for overall on-going projects. Further, reversal of impairment losses on receivables incurred in the current financial period.
iii.) Others
The other division reported a decrease in revenue of RM0.12 million compared to the preceding corresponding period. The decrease was mainly attributed to lower revenue from food and beverages, as well as events and functions in the current financial period.
The decrease in profit before tax was in line with the decrease in revenue. There were no significant fluctuations in the operating income and expenses for both current and prior financial period under review.
10
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
B. ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENTS
B2. Material Changes in Profit Before Taxation for the Quarter Reported On as Compared with the Immediate Preceding Quarter
| 3 Months Ended | |||
|---|---|---|---|
| 31.03.2026 | |||
| RM'000 | 31.12.2025 | ||
| RM'000 | Changes | ||
| RM'000 | |||
| Revenue | 90,879 | 93,201 | (2,322) |
| Profit before tax | 6,587 | 3,882 | 2,705 |
Revenue decreased from RM93.20 million to RM90.88 million mainly due to lower sales contributed from HomeTree and Elysia.
Despite the increase in revenue, the profit before tax increased by RM2.71 million, from RM3.88 million to RM6.59 million in the current quarter. The increase was mainly due to lower finance cost incurred in the current period.
B3. Prospects for the Financial Year
The Group is optimistic with the property market outlook, especially in Johor. The Johor Bahru-Singapore Rapid Transit System (RTS) link and the Gemas-Johor Bahru electrified double tracking rail project are significant infrastructural development expected to boost the region's connectivity and economic activity. Additionally, the Special Economic Zone (SEZ) between Singapore and Malaysia is likely to attract more investments and stimulate the property market.
However, the Group remains cautious amidst the rapid changes in the current economy environment. The rising of the construction costs, rationalization of subsidies and inflationary pressures are indeed challenges that could impact the property market. Internationally, the ongoing US-Iran conflict introduces an additional layer of geopolitical uncertainty, disrupting the global trade and compounding economic volatility.
Moving forward, the Group will remain focused in timely completion of its ongoing development projects and launching new development products which meet market demand and needs.
B4. Variance on Profit Forecast
There were no profit forecasts published as at 31 March 2026.
11
BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
B. ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENTS
B5. Profit for the financial period
Profit before taxation is derived after taking into consideration of the following:
| Current Quarter 31.03.2026 RM'000 | Cumulative Period to-date 31.03.2026 RM'000 | |
|---|---|---|
| Interest Income | 51 | 256 |
| Other Income | 1,087 | 5,861 |
| Interest expenses | 1,179 | 11,555 |
| Depreciation and amortisation | 747 | 2,305 |
| Impairment (loss)/gain on receivables and contract assets | (1,838) | 2,343 |
Other than the above, there were no disposal of quoted or unquoted investment or properties and amortisation of assets for the financial quarter under review.
B6. Taxation
Taxation consists of the followings:
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| CURRENT QUARTER | PRECEDING CORRESPONDING QUARTER | CURRENT PERIOD TO DATE | PRECEDING PERIOD CORRESPONDING PERIOD | |
| 31.03.2026 RM'000 | 31.03.2025 RM'000 | 31.03.2026 RM'000 | 31.03.2025 RM'000 | |
| Taxation | 2,400 | 676 | 7,958 | 2,082 |
The effective tax rate of the Group for the current quarter is higher than the statutory tax rate mainly due to under-provision of income tax in prior year.
B7. Profit or loss on sale of unquoted investments and / or properties.
There was no disposal of unquoted investment or property during the financial period under review other than in the ordinary course of the Group's business.
B8. Quoted Securities
There was no purchase and disposal of quoted securities for the financial period under review.
B9. Status of Corporate Proposal
There were no corporate proposals during the financial period under review.
B10. Dividend
The Board of Directors has not recommended any interim dividend for the current quarter or financial period to-date.
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BCB BERHAD
(Registration No. 198801004645 (172003-W))
(Incorporated in Malaysia)
bcb
Building Communities & Beyond
Notes to the Interim Report for The Financial Period Ended 31 March 2026
(The figures have not been audited)
B. ADDITIONAL INFORMATION AS REQUIRED BY APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENTS
B11. Group Borrowings
The tenure of Group borrowings classified as current and non-current liabilities categories are as follows: -
| Current liabilities | RM'000 |
|---|---|
| - Secured | 105,125 |
| Non-current liabilities | |
| - Secured | 220,023 |
| Total Borrowing | 325,148 |
B12. Financial instruments with off balance sheet risk
There was no off-balance sheet financial instrument during the financial period under review.
B13. Material litigation
The Group does not have any material litigation during the financial period under review.
B14. Earnings per share
| Individual | Cumulative | |||
|---|---|---|---|---|
| Current Period quarter RM'000 | Preceding Period corresponding quarter RM'000 | Current Period To-date RM'000 | Preceding Period corresponding quarter RM'000 | |
| a) Basic earnings per share | ||||
| Net profit attributable to owners for the period | 4,146 | 1,426 | 17,908 | 6,594 |
| Weighted average number of ordinary shares in issue | 403,617 | 403,617 | 403,617 | 403,617 |
| Basic earnings per share (sen) | 1.03 | 0.35 | 4.44 | 1.63 |
| b) Diluted earnings per share | ||||
| Diluted earnings per share (sen) | N/A | N/A | N/A | N/A |
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