KUCHING: B.I.G. Industries Bhd (BIG) is disposing of a piece of land cum building in Federal Territory of Labuan for about RM1.685 million in cash.
Wholly-owned subsidiary BIG Industrial Gas Sdn Bhd has inked a sale and purchase agreement with Hyperwave Systems Engineering Sdn Bhd (HSE) for the sale of the land together with opensided storage sheds and an office building (property) at KG Durian Tunjong, off Jalan Pohon Batu, Labuan.
BIGG’s principle activity is manufacturing, distribution and marketing of liquified or compressed inorganic industrial or medical gases, provision of services and maintenance and wholesaling or trading in related products and pharmaceutical and medical goods as well as property development.
HSE is involved in trading, construction and servicing in petrol chemicals and related instruments.
BIGG had operated its industrial gas branch at the property.
As the branch had continually incurred financial losses, the management decided to cease operations in October 2024, and to sell the property.
“BIGG is selling and the purchaser (HSE) is purchasing the property on an “as is where is” basis with vacant possession and free from any encumbrances other than those imposed by the conditions expressed and/or implied affecting the land title.
The sale consideration was arrived at on a “willing-buyer and willing seller basis”, BIG said in a filing with Bursa Malaysia.
BIG said the proceeds from the proposed disposal will be utilised for the company’s Samalaju Industrial Park branch, Bintulu.
Meanwhile, BIG group had reported revenue growth to RM38.4 million in financial year ended June 30, 2025 (FY2025) from RM33.32 million in the preceding year but recorded lower group net profit of RM4.64 million as compared to RM4.95 million previously.
The company reported earnings per share of 7.31sen as compared to 7.8sen year-on-year.
In 4Q2025, BIG performed better, delivering group net profit of RM953,000 (4Q2024:RM398,000) despite a decline in revenue to RM9.2 million (RM9.97 million).
“During the current quarter under review, the gas division recorded a revenue of RM8.482 million, an increase of 37.81 per cent as compared to RM6.155 million for the preceding year corresponding quarter.
The division recorded a profit before tax of RM1.67 million, an increase of 699 per cent as compared to a profit before tax of RM0.209 million for the preceding year corresponding quarter,” BIG said in explanatory notes to its financials.
The property segment saw its revenue plunged to RM0.684 million, down about 82 per cent from RM3.81 million recorded in 4Q2024, resulting in the segment to post pre-tax loss of RM0.28 million (+RM0.84 million).
The 4Q2025 financial results came in better as compared to the immediate preceding quarter (3Q2025) when group revenue was lower at RM6.79 million (4Q2025:RM9.12 million) and lower pre-tax profit of RM94,000 (RM1.32 million).
In FY2025, the gas segment reported a 27 per cent jump in revenue to RM32.2 million (FY2024:RM25.4 million) but the segment pre-tax profit decreased by about 12 per cent to RM4.59 million (RM5.23 million).
Year-on-year, the gas division reported a RM6.85 million increase in revenue to RM32.2 million (FY2024:RM25.4 million) whereas the property segment saw its revenue decreased by about 22.3 per cent to RM6.2 million (RM8 million).
Commenting on prospects for the new financial year, BIG expects its gas segment to perform well as it had delivered stronger than expected financial results in FY2025.
The group had completed the Suasana Melalin residential project in Sabah, and is awaiting approval from the authorities for its next project , an industrial development in Bintulu, to commence.
“The group expects the broader volatility may continue in light of inflationary pressures and geopolitical uncertainties.
The group will continue to maintain a cautious stance, vigilant and be proactive in implementing appropriate measures to preserve its performance,” added BIG.
