Binastra Corporation Bhd managing director Datuk Jackson Tan Kak Seng.
PETALING JAYA: Binastra Corp Bhd
has secured a RM503mil data centre contract from Exsim Sri Permai Sdn Bhd.
In a statement, the construction firm said the contract, awarded to its wholly-owned subsidiary, Binastra Builders Sdn Bhd, covers, amongst others, the design, construction and infrastructure works for the proposed development of a data centre located in Cheras, Kuala Lumpur.
Binastra said the project is slated to begin on Feb 19, 2026, and is expected to be completed within 20 months.
Binastra managing director Datuk Jackson Tan Kak Seng said the half-a-billion ringgit contract marks the continuity of the data centre job flow from the company’s clients.
“This represents another milestone in our journey to support Malaysia’s growing digital infrastructure ecosystem, reinforcing our commitment to deliver high-quality, energy-efficient, and future-ready data centres.
“Beyond our established presence in the data centre projects in Bukit Jalil and Cyberjaya, we are actively exploring new opportunities with potential clients to expand our data centre footprint.”
With a strong start to its financial year 2027, Tan said the group will continue to pursue growth catalysts aggressively and create greater value for its shareholders throughout the year.
This contract win marks Binastra’s sixth data centre contract, bringing the total secured value of its data centre projects to RM1.9bil.
“With this latest win, the group’s total outstanding order book has soared to an all-time high of RM7bil, providing earnings visibility of up to four years,” said the company.
An analyst said he remains optimistic of Binastra’s earnings outlook, given its solid track record in securing data centre jobs.
“The company’s successful data centre track record will help enhance its reputation and competitiveness, opening access to larger projects, regional opportunities, and long-term partnerships.”
For its third quarter ended Oct 31, 2025 (3Q25), Binastra’s net profit rose more than 50% to RM37.54mil, while revenue grew 40% to RM371.45mil, compared with the same period last year.
For the nine-month period ended Oct 31, 2025, the company’s net profit rose to RM91.09mil from RM65.16mil in the previous corresponding period, while revenue grew to a record RM1.03bil – surpassing the RM1bil mark for the first time since its listing in 2004.
In a filing with Bursa Malaysia in December last year on its 3Q financial performance, the company said it will remain focused on sustaining growth momentum by executing the existing order book efficiently while securing new high-value contracts.
“The group is strategically expanding the presence in other states of Malaysia following the recent entry into Sabah and Johor and are exploring further opportunities in infrastructure and renewable energy developments.
“At the same time, the group will strengthen the financial resilience, ensuring prudent cash flow management and sustainable growth strategies to create long-term shareholder value.”
