LB Aluminium Bhd reported a sharp decline in its fourth-quarter earnings, with net profit falling 73.78 per cent year-on-year to MYR 1.88 million for the quarter ended April 30, 2026 (4QFY2026), from MYR 7.18 million in the corresponding period last year. The decline was mainly attributed to weaker contributions from its aluminium segment.
Quarterly revenue also decreased by 9.76 per cent to MYR 226.13 million, compared with MYR 250.59 million a year earlier, as lower sales volume from the aluminium business offset higher contributions from the property segment.
Despite the weaker quarterly performance, the group proposed a first and final dividend of 2.5 sen per share, according to its exchange filing on Wednesday.
For the full financial year, LB Aluminium posted a 52.74 per cent increase in net profit to MYR 55.47 million, up from MYR 36.32 million in FY2025. The improvement was supported by stronger contributions from the property segment and lower operating expenses, which helped offset reduced sales volume in its aluminium business.
Full-year revenue, however, slipped 2.5 per cent to MYR 1.04 billion from MYR 1.06 billion in the previous financial year.
The aluminium segment remained the group's largest revenue contributor, accounting for 61.5 per cent of total revenue, while the property segment contributed the remaining 38.5 per cent.
Looking ahead, LB Aluminium said its aluminium business has been affected by higher raw material costs following recent volatility in global aluminium prices. However, the appreciation of the ringgit against the US dollar has partly mitigated the increase in raw material costs. The company said it will continue to monitor operating costs and selling prices closely to protect its profit margins.
In its property division, the group expects ongoing developments, including PSV 1 Residence and PSV 2 Residence, to continue supporting earnings through the recognition of remaining work in progress and unbilled revenue from cumulative sales.
LB Aluminium shares closed unchanged at 49 sen on Wednesday, giving the company a market capitalisation of MYR 215.3 million.
1 MYR is approximately USD 0.24 as of June 25, 2026.
Note: This article is published in accordance with an article exchange agreement between Mysteel and AL Circle.
