Bintai Kinden Corporation Berhad (“BKCB” or the “Company”; Bursa: BINTAI, 6998), a mechanical and electrical (“M&E”) engineering services specialist, construction, medical device manufacturer and facilities operator, today announced its financial results for the fourth quarter and financial year ended 31 March 2025 (“Q4 FY2025” and “FYE2025” respectively), alongside the successful completion of its Proposed Regularisation Plan, a significant milestone towards the Company’s recovery and future growth.
For Q4 FYE2025, Bintai Kinden posted a total revenue of RM7.52 million, compared to RM7.63 million in Q4 FYE2024, primarily due to a decline in contributions from the Mechanical and Electrical (“M&E”) engineering segment following the termination of several legacy contracts. The Construction segment, which has been reclassified in line with the Company’s strategic diversification, contributed RM2.50 million or 33.20% to total revenue. The Concession segment remained a stable revenue base, contributing RM3.55 million for the quarter.
The Group remained focused on reinforcing its operational foundations and implementing strategic improvements to support long-term sustainability. However, for the fourth quarter 2025, the Group recorded a loss before tax of RM31.55 million, in contrast to a profit before tax of RM10.85 million reported in the previous financial year.
The loss was primarily driven by a combination of elevated expected credit losses and several significant non-recurring items. These included a substantial provision for back-charges arising from the termination of previously awarded contracts, the reversal of a profit guarantee, and the recognition of fair value expenses related to share options granted to a director.
While these one-off items have had a material impact on the Group’s financial performance for the year, they are not expected to persist in future periods. The Group continues to take decisive steps to mitigate risk exposures, improve financial discipline, and restore profitability through enhanced operational efficiency and better cost management.
Datuk Tay Chor Han, Managing Director cum CEO of Bintai Kinden, stated, “FY2025 has been a year of strategic reset for the Group. While our financial performance reflects the challenging transition period, we are encouraged by the progress made in our diversification into the construction segment, and the continued stability of our concession business. Most importantly, the successful completion of our Proposed Regularisation Plan lays a solid foundation for recovery. With improved financial discipline, a leaner capital structure, and stronger shareholder support, we are well-positioned to pursue our growth agenda moving forward.”
The Company is also pleased to confirm the completion of its Proposed Regularisation Plan. Following the successful listing of new Placement Shares on 24 March 2025, and the receipt of confirmation from the Companies Commission of Malaysia (“CCM”) dated 21 May 2025 on the effectiveness of the Proposed Share Capital Reduction, Bintai Kinden’s regularisation efforts are now deemed completed. This marks a critical step towards its eventual upliftment from Practice Note 17 (PN17) status, subject to further regulatory review.
Looking ahead, the Group will continue focusing on project execution, strategic tendering, and disciplined cost management. With a construction order book of approximately RM127.3 million, M&E order book of approximately RM4.5 million and RM181.8 million worth of M&E-related tenders under evaluation, Bintai Kinden is poised to strengthen its position in Malaysia’s recovering construction and engineering sectors.
