Ibraco's 1H25 Profit Up Fourfold to RM44.1 Million

https://www.businesstoday.com.my/2025/08/22/ibracos-1h25-profit-up-fourfold-to-rm44-1-million/

Sarawak-based property and infrastructure developer Ibraco Bhd has delivered a strong set of results for the first half of the financial year ended June 30, 2025 (1H25), with net profit surging more than fourfold to RM44.1 million from RM11.5 million in 1H24.

For the same period, the group’s revenue also doubled to RM377.1 million compared to RM174.6 million previously, supported by robust contributions from its Construction division, alongside steady performance in Property Development and other business segments.

Other income also rose sharply to RM21.4 million in 1H25 from RM1.6 million a year ago, primarily due to compensation for land acquired by the government.

For quarter under review (2Q25), Ibraco posted revenue of RM193 million, more than doubling from RM94.4 million in 2Q24. Net profit for the quarter, meanwhile, climbed to RM30.5 million, a fivefold increase from RM6.2 million previously.

Commenting on the financial results, Group Managing Director Datuk Chew Chiaw Han said the group is optimistic about Malaysia’s economic recovery in 2025 and confident that Ibraco’s resilience will continue to drive growth.

“With an outstanding order book of RM878.6 million and unbilled sales of RM301.9 million, we are well-positioned to sustain earnings visibility,” he shared.

He highlighted that Ibraco is strengthening its role in Sarawak’s infrastructure development through projects such as the Second Trunk Road at Kota Samarahan and works under the Kuching Urban Transportation System. Meanwhile, flagship township projects NorthBank and Arden City continue to progress, supported by strong demand for integrated, well-connected developments.

“The group is also expanding its footprint in West Malaysia with the launch of Residensi NewUrban in Kuala Lumpur and diversifying into light industrial development via the Demak Laut Industrial Zone, tapping rising demand from small and medium enterprises and logistics providers.

“With a well-diversified portfolio across construction, property development and building materials, we will continue building long-term value for shareholders while supporting Malaysia’s infrastructure and urbanisation agenda,” Chew added.

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