MGB DELIVERS 5-FOLD DIVIDEND GROWTH SINCE FY2022 WHILE MAINTAINING STRONG FINANCIAL POSITION

KUALA LUMPUR, 6 AUGUST 2026 —

MGB Berhad, a construction and property development solutions provider and subsidiary of LBS Bina Group Berhad, has declared a final single-tier dividend of 1.31 sen per share for the financial year ended 31 December 2025, bringing its total dividend for the year to 2.57 sen per share. This represents a five-fold increase in dividend per share since 2022, from 0.50 sen to 2.57 sen, and demonstrates the Group's commitment to rewarding shareholders.

The company's dividend payout ratio has also risen from 20% to 30% over the same period, in line with its dividend policy of distributing at least 30% of its annual profit attributable to shareholders. MGB has achieved this enhanced level of shareholder returns while maintaining a strong financial position, with a net asset per share of RM1.08 and a low net gearing ratio of 0.12 times as of 31 March 2026. This provides the Group with ample financial flexibility to support ongoing project execution, pursue larger-scale opportunities, and fund future growth initiatives.

MGB's history dates back to its establishment as a subsidiary of LBS Bina Group Berhad, with a focus on providing construction and property development solutions. Over the years, the company has grown and expanded its operations, both domestically and internationally. In recent years, MGB has secured significant contracts, including projects in Saudi Arabia, which have strengthened its revenue visibility and positioned the Group to participate in larger-scale opportunities. The company's commitment to delivering sustainable value to shareholders has been reflected in its dividend track record over the past few financial years.

The current development detail shows that MGB has entered 2026 with strengthened earnings visibility following the successful replenishment of its order book. During 2025, the Group secured more than RM1.0 billion in new contracts, including approximately RM532.6 million worth of projects in Saudi Arabia. These contract wins have not only strengthened the Group's revenue visibility but also positioned MGB to participate in larger-scale opportunities across both domestic and international markets. The final dividend was approved by shareholders at the annual general meeting held on 19 June 2026 and will be paid on 5 August 2026 to shareholders whose names appear in the Record of Depositors on 15 July 2026.

The market impact of MGB's dividend growth and strong financial position is expected to be positive, with the company's shares likely to be attractive to investors seeking stable and growing dividend returns. In the Malaysian market, MGB's performance is likely to be closely watched by investors and analysts, particularly in the construction and property development sector. The company's ability to secure large-scale contracts and expand its operations both domestically and internationally is expected to contribute to its growth and profitability. Details not yet available on the specific impact on the Malaysian market, but MGB's strong financial position and growing dividend payout are likely to be viewed favorably by investors.

In terms of sector and company specifics, MGB's focus on construction and property development solutions is expected to continue to drive growth and profitability. The company's expansion into international markets, including Saudi Arabia, is also expected to contribute to its growth and diversification. According to Tan Sri Dato' Sri Ir. (Dr.) Lim Hock San, JP, Group Executive Chairman of MGB, the company remains focused on executing its projects efficiently, enhancing operational performance, and pursuing strategic opportunities that can strengthen earnings and support sustainable shareholder returns. With a strong balance sheet, growing order book, and an expanding local and regional footprint, MGB is building a solid foundation for future growth, positioning the Group to capture larger projects, enhance earnings profile, and deliver increasing value to shareholders over time.

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