PETALING JAYA: Binastra Corp Bhd
is cautiously optimistic about its prospects going forward.
Chairman Tan Sri Samshuri Arshad said Malaysia’s long-term infrastructure and development agenda continues to provide significant opportunities for capable construction companies like Binastra.
Binastra’s strong order book, expanding technical capabilities and growing industry reputation position the company favourably to capture emerging opportunities.
“The integration of LF Lansen Sdn Bhd is expected to further enhance our ability to undertake specialised construction and engineering projects, while supporting greater diversification of the group’s project portfolio,” he said in the company’s annual report.
Binastra announced in April last year that it was proposing to acquire a 51% equity interest in LF Lansen for up to RM44.8mil in cash.
LF Lansen specialises in thermal energy storage systems for district cooling plants and buffer tanks for data centres (DCs), as well as engineering, procurement, construction and commissioning services (EPCC) for industrial ventilation, air-conditioning and mechanical ventilation systems used primarily in commercial and industrial buildings.
Samshuri said the company continues to be mindful of external uncertainties, including ongoing geopolitical tensions such as the conflict involving Iran, which could contribute to volatility in global energy prices, supply chains and overall market sentiment.
“Any prolonged escalation may place upward pressure on construction input costs, logistics expenses and financing conditions.
“The group will continue to monitor these developments closely and respond with prudent cost management and disciplined project execution,” he said.
Moving forward, Samshuri said the company will focus on strengthening its order book, maintaining operational discipline and pursuing strategic opportunities leveraging on its strengths to support sustainable growth.
For the financial year ended Jan 31, 2026, Binastra’s net profit rose to RM133.49mil from RM90.26mil in the previous corresponding period, while revenue grew to RM1.5bil from RM946.6mil a year earlier.
In a filing with Bursa Malaysia on its latest earnings, Binastra said it secured seven material letters of award with a combined contract value of RM2.3bil for the quarter ended Jan 31, 2026.
The contracts covered main building works and infrastructure works, mechanical and electrical fit-out, as well as EPCC services for the development of large scale solar projects.
“Following the acquisition of LF Lansen, on Aug 11, 2025, the group’s outstanding order book stood at approximately RM6.5bil, which is expected to provide earnings visibility over the next four financial years,” it said.
An analyst expects the company’s business outlook to remain positive over the next two to four years, supported by a rapidly expanding order book, growing exposure to Johor property developments, and increasing involvement in DC and renewable-energy projects.
“One of the company’s biggest strengths is its strong earnings visibility.
“Its outstanding order book has reportedly grown to over RM6bil, providing several years of secured construction activity and revenue flow.
“We believe this positions the company well for sustained growth in the near term.”
He said the company’s expansion into DC construction would be another important growth driver.
“Binastra has been securing more DC-related contracts around Kuala Lumpur and Cyberjaya, which is strategically significant because these projects are typically larger in value and require more specialised expertise compared to conventional construction work.”
