PETALING JAYA: Crest Builder Holdings Bhd’s net profit rose 8% to RM2.84 million in the second quarter of the financial year ending Dec 31, 2026 (Q2’26), from RM2.63 million a year earlier, as stronger construction progress lifted revenue by 83.7% to RM259.19 million from RM141.06 million.
The group said the improved performance was mainly driven by higher construction progress recognised from its ongoing projects.
Its construction division recorded revenue of RM218.4 million in Q2’26, nearly double the RM110.2 million reported in the corresponding quarter last year, while profit before tax rose to RM2.9 million from RM0.9 million.
Meanwhile, the property development division’s revenue increased to RM29 million from RM18.5 million, supported by higher sales and progress recognition from its Interpoint project in Bukit Tinggi, Klang, and Centrix in Jalan Ampang.
For the first half of the financial year ending Dec 31, 2026 (H1’26), Crest Builder’s net profit rose 35.9% to RM6.61 million from RM4.86 million a year earlier, while revenue surged 71.1% to RM436.92 million from RM255.36 million.
The construction segment contributed RM362.61 million in external revenue during H1’26, followed by property development at RM50.54 million, concession arrangement at RM18.09 million and investment at RM5.68 million.
Crest Builder said its outstanding order book stood at about RM1.9 billion as at June 30, providing an earnings pipeline for the coming financial years. The group is targeting approximately RM700 million in new order book replenishment for FY26, of which RM513 million has been secured to date.
Group managing director Eric Yong said the company was pleased with its continued growth momentum, underpinned by satisfactory progress in its ongoing construction projects.
“Looking ahead, we remain focused on securing commercially viable projects that align with our execution capabilities through disciplined tendering, prudent project selection and effective resource allocation.
“Our recurring concession income and growing property development pipeline will continue to complement our construction activities and support earnings growth,” he said in a statement yesterday.
The group said its concession division is expected to continue contributing positively until the expiry of the concession period in 2034, providing a stable recurring earnings base, while its property development activities are expected to provide an additional earnings driver in the current and ensuing financial years.
Despite challenges from geopolitical developments, global trade tensions, labour shortages and rising material costs, Crest Builder said it remains cautiously optimistic about its overall business outlook and financial performance for FY26, barring unforeseen circumstances.