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SCBUILD's business model has shifted significantly, with construction services revenue plunging 97% from RM7.98 million in Q1 2025 to RM203,000 in Q1 2026, while building materials trading emerged as the main revenue driver, contributing RM11.0 million from virtually zero a year earlier. However, despite a 40.3% increase in total revenue, the lower margins from the trading business led to a decline in overall gross profit.
Actually not too bad lah. Even though the construction side slowed down a lot, at least the trading business managed to step up and push overall revenue higher. Margins may be thinner for now, but it's a good sign that the company can pivot and find new sources of income
