PROPERTY and hospitality-centric Meta Bright Group Bhd continues to outperform expectation after its revenue for 2Q FY6/2025 ended Dec 31, 2024 soared 530% year-on-year (yoy) to RM62.9 mil (2Q FY6/204: RM2.04 mil) attributed to robust performances in its building materials, leasing, hospitality, property development and energy-related businesses.
The strong growth trajectory has enabled the group to deliver an 8% yoy rise in net profit to RM2.2 mil (2Q FY6/2024: RM2.04 mil).
Meta Bright’s revenue for the six-month period stood at RM121.62 mil or a 496% surge from RM20.41 mil in the corresponding period last year with the building materials segment driving the bulk of growth.
For the quarter under review, the building materials segment contributed RM50.5 mil in revenue to reflect the continued high demand for ready-mix concrete in Sabah.
The group’s leasing and financing revenue reached RM2.37 mil, driven by higher rental income from equipment leasing operations in Australia while the hospitality segment generated RM6.17 mil following sustained demand for convention centre bookings and room sales at the Renai Hotel in Kelantan.
All in all, Meta Bright also recorded positive net operating cash flows of RM11.4 mil which marked the third consecutive quarter of positive cash generation – a testament to the success of its corporate initiatives and strategic business expansion over the past two years.
“Our 2Q FY6/2025 results demonstrate the strength of our expansion strategy, particularly in high-growth sectors such as infrastructure materials, renewable energy (RE) and equipment leasing,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“The continued improvement in our financial performance – especially our ability to generate strong cash flows from operations – positions us well for the remainder of our FY6/2025.
“We remain focused on scaling our core businesses while capitalising on opportunities in the energy transition and infrastructure development sectors, particularly in East Malaysia which are allocated the highest budget from the Federal Government.”
Looking ahead, Meta Bright remains optimistic about its long-term growth prospects. The group plans to continue to upgrade Renai Hotel and Kota Mutiara Mall facilities, further expand its RE initiatives and strengthen its presence in Malaysia’s building materials and energy-related segments.
“Our strategic focus on high-growth sectors and operational excellence will enable us to achieve our long-term goals and solidify our position as a leader in multiple industries,” added Phang.
With two consecutive quarters of robust earnings growth and an accelerating revenue trajectory, Meta Bright is expected to be on track to deliver another record-breaking financial year.
The group remains focused on optimising operational efficiencies, driving high-margin business expansions and solidifying its position as a leader in multiple key industries.
At the end of today’s (Feb 25) market trading, Meta Bright was unchanged at 12 sen with 300,000 shares traded, thus valuing the company at RM304 mil. – Feb 25, 2025
