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- For the three months ended July 31, 2025 (1QFY2026), LB Aluminium’s net profit rose to RM11.6 million, up from RM8.86 million a year earlier.
KUALA LUMPUR (Sept 24): LB Aluminium Bhd (KL:LBALUM), which is involved in the aluminium and property development businesses, posted a 30.9% year-on-year increase in first-quarter earnings, lifted by stronger contributions from its property segment on the back of higher sales.
For the three months ended July 31, 2025 (1QFY2026), LB Aluminium’s net profit rose to RM11.6 million, up from RM8.86 million a year earlier.
Revenue slipped 3.33% to RM270.43 million in 1QFY2026, down from RM279.76 million a year ago. No dividend was declared for the quarter.
LB Aluminium ventured into property development in March 2018, with its maiden project being Platinum OUG Residence in Kampung Muhibah, Kuala Lumpur, developed by its 20%-owned associate Vistarena Development Sdn Bhd.
As at end-July, the Satu Anggota Satu Rumah (SASaR) project had achieved 100% cumulative sales with 95.4% work progress. PSV 1 Residences recorded 86.4% sales and 86.7% progress, while PSV 2 Residences remained at an early stage with 29.7% sales and 35.6% progress. All three projects are being developed by its unit Pembinaan Serta Hebat Sdn Bhd (PSH).
Looking ahead, LB Aluminium expects contributions from its SASaR, PSV 1 Residences and PSV 2 Residences projects to remain strong, with all projects showing steady sales and work progress.
“All the projects will continue to contribute positively to the group as we achieve higher sales and work progress in the future”.
Apart from these three projects, PSH is also undertaking another development, Platinum South Valley in Bandar Tasik Selatan, according to its annual report.
On the aluminium front, LB Aluminium said the recent stabilisation of global aluminium prices and the US dollar against the ringgit has helped ease fluctuations in raw material costs.
“We will remain attentive and vigilant while closely monitoring our operational costs. We will adjust our selling prices whenever necessary to preserve margins,” it added
Shares of LB Aluminium closed up half a sen or 1.03% at 49 sen on Wednesday, giving it a market capitalisation of RM210.9 million.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
