KPa-BM Warns of ≥60% Drop in FY2026 Net Profit as Project Completions Sap Revenue

Bulletin Express
06/10

KPa-BM Holdings Limited has issued a profit warning indicating a year-on-year contraction of at least 60% in consolidated profit after tax for the twelve months ended 31 March 2026.

The Board attributes the decline primarily to a significant fall in revenue from structural engineering works. Most outstanding contracts were largely completed by 31 March 2025, while newly secured projects were still in early stages and contributed minimally during the period. The reduced revenue translated into lower gross profit, which management identifies as the central driver of the anticipated earnings slide.

Cost-saving initiatives in administrative, other operating expenses and finance costs provided partial relief but were insufficient to offset the revenue shortfall.

KPa-BM is currently evaluating contract assets as well as trade and other receivables for possible impairment. Any resulting loss allowance—described as non-cash—would further depress the Year’s bottom line.

The figures in this profit warning are derived from unaudited management accounts and have not yet been reviewed by the Company’s independent auditors or audit committee. Final audited results for FY2026 are scheduled for release by end-June 2026. Investors are advised to exercise caution when dealing in the Company’s securities until the audited results are available.

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