Sabah’s infra boost led Meta Bright’s 9-mth revenue to surge past RM200m, net earnings jump 58%

MAIN Market-listed diversified energy conglomerate, Meta Bright Group Bhd, has delivered a stellar financial performance for its nine months ended March 31, 2026.

For the period under review, the group’s revenue strengthened 15% year-on-year (yoy) to RM201.23 mil (FY6/2025: RM175.04 mil).

Such top-line expansion translated into higher profitability with Meta Bright’s pre-tax profit having edged up 23% to RM17.08 mil (FY6/2025: RM13.88 mil) while its net profit spiralled 58% to RM11.01 mil (FY6/2025: RM6.95 mil), thus lifting its basic earnings per share (EPS) to 0.40 sen.

The building materials segment remained the group’s largest revenue contributor by generating RM150.3 mil or approximately 75% of its total revenue in 9M FY6/2026.

The segment continued to benefit from construction and infrastructure activities in Sabah with 3Q FY6/2026 revenue having climbed to RM46.2 mil on additional project orders.

The property development segment delivered the highest margin improvement with 9M FY6/2026 revenue skyrocketed to RM23.2 mil from RM3.0 mil a year ago.

This was driven by the sale of completed inventory and higher progress billings from the Damai Suites project in Kota Kinabalu. The 16-storey development recently celebrated its topping-out milestone.

Elsewhere, the hospitality segment also improved to RM22.4 mil, supported by higher room, food and beverage and convention centre revenue while the energy-related segment grew to RM1.8 mil on higher completion of solar, energy efficiency and EV (electric vehicle) charging projects.

‘Infrastructure-led demand boom’

More broadly, Meta Bright maintained a stable financial position with positive operating cash flow of RM12.9 mil for the nine-month period. Total equity strengthened to RM338.5 mil as of end-March 2026 while total borrowings remained stable at RM156.9 mil.

“Crossing the RM200 mil revenue mark in just nine months alongside a 58% jump in net earnings reflects the progress we’re making across the group,” commented Meta Brights’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.

“We’re seeing broader contributions from building materials, property development and hospitality while our newer energy-related initiatives are gradually moving from early-stage development into operating contributions.”

Moving forward, the group’s key focus is to keep improving the quality of earnings, according to Phang.

“This means maintaining discipline in our core businesses, managing working capital carefully and scaling higher-recurring income platforms such as renewable energy, energy efficiency, EV charging and investment properties,” he enthused.

“These areas will be important as we build a more balanced and resilient earnings base for Meta Bright.”

‘Strategic vertical acquisition’

Looking ahead, Meta Bright expects its building materials business to continue benefiting from infrastructure-led demand with a boost by the Federal government’s RM6.9 bil allocation for Sabah under Budget 2026.

The group is also advancing its energy-related business in line with Malaysia’s national shift towards renewable energy, energy efficiency and green infrastructure.

Recent developments include the execution of a supply agreement with Tenaga Nasional Bhd to implement a solar photovoltaic system following a fruitful outcome from Meta Bright’s earlier memorandum of understanding with Koperasi Kakitangan Istana Pahang Bhd to explore renewable energy and energy efficiency opportunities.

Moreovert, the group has also announced strategic vertical acquisition to strengthen its energy platform, including the proposed subscription in Bumidotearth Sdn Bhd and proposed acquisition of TTOP Industrial & Engineering Sdn Bhd.

These initiatives are intended to strengthen Meta Bright’s energy efficiency, EPCC (engineering, procurement, construction and commissioning) and electrical engineering capabilities, thus supporting its move towards a more integrated energy solutions model.

At the close of Tuesday’s (May 26) market trading, Meta Bright was unchanged at 15 sen with 111,000 shares traded, thus valuing the company at RM408 mil. – May 27, 2026