MAIN Market-listed diversified conglomerate, Meta Bright Group Bhd (formerly Eastland Equity Bhd), has posted a strong financial performance for its 9M FY6/2025 ended March 31, 2025 driven by significant contributions from its building materials, leasing, hospitality, and energy-related segments.
For the nine-month period, the group’s revenue edged up 222% year-on-year (yoy) to RM175.04 mil (9M FY6/2024: RM54.36 mil) on the back of remarkable growth from its building materials segment.
The segment raked in a revenue of RM141.62 mil supported by the continued strong performance of Meta Bright’s 70%-owned ready-mix concrete manufacturing subsidiary Expogaya Sdn Bhd which was acquired in January 2024.
The group’s net profit for the period under review surged 145% yoy to RM6.95 mil (9M FY6/2025: RM2.83 mil) to reflect its effective diversification strategy and operational efficiencies.
On a quarterly basis, Meta Bright’s 3Q FY6/2025 ended March 31, 2025 revenue shot up 57% yoy to RM53.42 mil (3M FY6/2025: RM33.94 mil) while its net profit improved 45% to RM447,000 (3M FY6/2025: RM308,000).
Their group’s robust financial performance was complemented by strong operational cash flows of RM14.47 mil (9M FY6/2024: RM10.66 mil) in view of enhanced cash-generating capabilities and operational strength.
“Continued contributions from the existing business segments combined with disciplined financial management and operational efficiencies position us well to achieve sustained growth and deliver long-term value to our shareholders,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“We’re particularly encouraged by the sustained improvement in our operating cash flows which provides us with greater flexibility to pursue strategic opportunities and investments.”
Added Phang: “Despite the challenging market environment, our diversified business model continues to deliver stable growth and enhance shareholder value.”
Looking ahead, the group remains committed to its growth trajectory by actively identifying new opportunities in property development, energy-related businesses, and infrastructure projects, particularly leveraging the continued infrastructure boom in Sabah.
It also intends to enhance its hospitality segment through ongoing improvements at Renai Hotel and other facilities.
“However, we will be cautious in light of the cross-border risks and uncertainties surrounding geopolitical factors while ensuring that we maintain a robust risk management approach and strategic flexibility to navigate any potential headwinds effectively,” projected Phang.
At the close of yesterday’s (May 30) market trading, Meta Bright was unchanged at 12 sen with 244,700 shares traded, thus valuing the company at RM304 mil. – May 31, 2025
