KUALA LUMPUR: Chin Hin Group Property Bhd (CHGP) delivered a resilient growth for Q1 ended March 31, 2026 (FY26), with solid revenue expansion and robust cash flow generation, underpinned by disciplined execution and strengthened financial management.
For the quarter, the group recorded a revenue of RM241.7 million, representing a 15.6% increase from RM209.0 million in the corresponding period last year.
This translated into net profit attributable to owners (PATAMI) of RM14.1 million, compared to RM11.7 million in the corresponding period last year, mainly due to lower non-controlling interests, while the group’s overall profit before tax remained broadly stable.
Profit before tax (PBT) stood at RM23.9 million, compared to RM24.5 million in the same period last year, primarily attributed to one-off professional fees related to recent corporate and financing exercises.
Excluding these non-recurring costs, the group’s underlying operational performance remained strong and consistent.
The Property Development segment remained the group’s core earnings driver, contributing 96.4% of total revenue.
Segment revenue increased 24.5% to RM233.1 million, supported by sustained construction progress and steady billings across key projects.
Growth was led by Quaver Residence, which is approaching completion, alongside consistent contributions from Ayanna Residences, Residensi Andalan, and Solarvest Tower.
Group CEO Chang Tze Yoong said this quarter’s performance reflects disciplined execution across the group’s projects and that the group continues to focus on converting its RM2.2 billion in unbilled sales into earnings and cash flow.
“We had generated RM91.1 million positive operating cash flow during the quarter while maintaining prudent working capital management.
“As we progress through FY26, our priorities remain centred on timely project delivery, cash flow discipline and maintaining product relevance.
“At the same time, we will continue to leverage closer collaborations within the Chin Hin ecosystem to enhance execution efficiency, optimise cost structures and strengthen customer confidence across our developments,” he said.
CHGP continued to reinforce its financial resilience and strengthened its balance sheet through prudent working capital management.
Net cash generated from operating activities stood at RM91.1 million, driven primarily by improved receivables collection and progress billings.
As a result, cash and bank balances strengthened to RM89.7 million, while total liabilities were reduced significantly to RM865.6 million from RM966.6 million at the end of 2025.
Reflecting this strong cash position, the board has declared an interim dividend of 1.0 sen per share, with an entitlement date of July 1, 2026, to be paid to shareholders on July 15, 2026.
Meanwhile, CHGP continues to replenish its landbank in strategic, well-connected locations to support future growth.
The group currently has RM261.0 million in approved and committed capital expenditure, including the RM91 million land acquisition in Seri Kembangan, which became unconditional in April, as well as ongoing acquisitions in Segambut and Kota Damansara.
The Commercial Vehicles and Bodyworks segment recorded revenue of RM8.5 million and a loss before tax of RM1.17 million amid softer market conditions.
Following the mutual termination of its disposal in January, the group continues to manage the segment prudently while evaluating strategic options.
Supported by a healthy unbilled sales position, a strengthening balance sheet and closer integration within the broader Chin Hin Group ecosystem, the group is well-positioned to sustain operational resilience while capitalising on opportunities across its selected markets.
