KUALA LUMPUR: Meta Bright Group Bhd, a main market-listed diversified conglomerate, recorded RM72.9 million in revenue for the first quarter (Q1) ended September 30, 2025 (FY26), a 24% increase from RM58.7 million in Q1 FY25.
The performance was mainly driven by the building materials segment, which benefited from sustained demand for ready-mix concrete across Kota Kinabalu, Penampang and surrounding growth corridors in Sabah.
Profit after tax came in at RM4.8 million, marginally lower YoY, largely due to reduced other operating income and the absence of one-off gains recognised in Q1 FY25.
On a normalised basis, excluding non-recurring items from the previous year, the group delivered a stronger underlying profit for the quarter.
The building materials segment, operated through Expogaya Sdn Bhd, recorded revenue of RM55.5 million, up RM7.6 million YoY.
Demand remained robust, supported by both public- and private-sector civil works.
The performance is consistent with Sabah’s multi-year development agenda, including the RM6.7 billion state allocation under Budget 2025 and broader infrastructure development across key districts.
The group expects the building materials segment to remain a major earnings contributor as East Malaysia’s development cycle continues.
Revenue from the property development division increased sharply to RM8.5 million, supported by accrued revenue from the sale of the completed inventories.
The hospitality division delivered RM7.2 million in revenue, slightly higher YoY, supported by stronger room bookings and higher convention and event activity at the 5-star Grand Renai Hotel in Kota Bharu.
During the quarter and the subsequent months, the group’s EV charging joint venture, Meta Bright ChargeSini Sdn Bhd, began operations following the novation of four EV charging station projects in July 2025.
Additional novation agreements were completed in the same month, further strengthening the JV’s initial portfolio of charging assets.
At the same time, installation works under the Zero-Capex Energy Efficiency Programme for TMG Mart continued to make steady progress.
Executive director of corporate and strategic planning Derek Phang Kiew Lim said the company sees encouraging demand trends as it enters FY26, particularly in Sabah, where construction activity remains healthy.
“The strength of the building materials division reflects the structural growth taking place in East Malaysia, and we are well-positioned to support that momentum.
“At the same time, we are making steady progress in developing new income streams through renewable energy, energy efficiency and EV charging.
“These initiatives complement our core businesses and will expand our recurring income base as they scale. We are focused on execution and building sustainable growth across the group,” he said.
The group remains cautiously optimistic about its prospects, supported by continued infrastructure-led demand in East Malaysia, ongoing progress in the Damai Suites development, the expansion of its renewable energy and EV charging operations, and stable contributions from its hospitality and investment properties.
