Binastra's Q2 earnings soar 78pct

KUALA LUMPUR: Binastra Corp Bhd reported a remarkable 78.1% increase in net profit to RM50.62 million in the second quarter of 2025, compared to RM28.42 million in the same period last year. The surge in revenue, reaching RM658.39 million, marked a 65.9% rise from RM396.84 million, primarily driven by its construction segment.

The construction division, now the company's main revenue generator, contributed RM658.2 million, up from RM396.6 million. Binastra's success can be attributed to the addition of LF Lansen Sdn Bhd and new ventures like solar installations worth RM97.4 million. Other conventional construction and data centre projects saw a RM164.2 million increase, reaching RM560.8 million.

For the first half of the financial year, Binastra's net profit expanded to RM85.89 million from RM53.56 million, with revenue hitting RM1.26 billion, up from RM653.68 million. The company declared a first interim dividend of 4.0 sen per share, totaling RM43.8 million, payable on October 16.

Managing Director Datuk Jackson Tan Kak Seng expressed optimism about the company's progress, particularly in the data centre construction sector. Binastra has secured seven data centre projects valued at approximately RM2.4 billion. Additionally, the company's order book has grown to about RM6.7 billion, promising strong earnings visibility over the next four financial years.