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KUALA LUMPUR (Feb 27): Chin Hin Group Bhd's (KL:CHINHIN) net profit rose 5.37% to RM37.99 million in the fourth quarter from RM36.05 million a year earlier, supported by a turnaround in its property development division.
Revenue for the quarter ended Dec 31, 2025 (4QFY2025) increased 9.71% year-on-year to RM1.09 billion from RM995.48 million due mainly to the improved performance of the property development business.
No dividend was declared for the quarter.
The property development division swung to a pre-tax profit of RM41.89 million, compared with a pre-tax loss of RM21.25 million in 4QFY2024, driven by higher sales from ongoing projects including Quaver, Ayanna, Avantro, Crown, Andalan, Dawn, Aricia and Botanica Hills.
Quarterly revenue from the property development segment more than tripled to RM282.86 million from RM76.86 million previously.
Meanwhile, the construction division recorded a lower revenue of RM249.61 million, down 16.2% compared with RM297.88 million a year ago, due to slower progress billing recognised on ongoing projects, although its pre-tax profit remained stable at RM9.37 million.
The building materials segment saw revenue decline 7.8% year-on-year to RM459.10 million from RM497.99 million, partly due to softer demand and the group’s strategic exit from the wire mesh manufacturing segment after the disposal of Metex Steel.
The segment's pre-tax profit fell 35.5% to RM56.54 million from RM87.66 million, partly due to the higher fair value gain of RM17.89 million recognised in the corresponding quarter last year.
For the full year, Chin Hin's net profit slipped 9.75% to RM103.63 million from RM114.82 million in FY2024, despite revenue rising 25.21% to a record RM4.07 billion from RM3.25 billion.
In a statement, managing director Chiau Haw Choon said Chin Hin enters FY2026 with a stronger operational foundation and clearer execution focus.
He said the group is well-positioned to capture demands across infrastructure, industrial development, residential construction, and downstream home solutions with a combined pipeline of RM5.29 billion, RM2.18 billion in unbilled property sales, and RM1.81 billion in construction orders.
The group’s net gearing improved to 0.48 times from 0.80 times a year ago. On the other hand, cash and deposits increased 45.1% to RM565.5 million, the group said.
Chin Hin shares closed up one sen or 0.46% at RM2.20 on Thursday, valuing the group at RM7.79 billion.
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