NexG Bina Berhad (Formerly Classita Holdings Berhad) – Q3FY2026 Interim Financial Results: Key Highlights and Investor Analysis

Executive Summary

NexG Bina Berhad, formerly known as Classita Holdings Berhad, released its unaudited interim financial statements for the quarter and period ended 31 March 2026. The results reflect significant operational and financial developments that are important for shareholders and may have implications for the company’s share price.

Key Financial Highlights

• Revenue Decline: The Group’s revenue for Q3FY2026 dropped by RM5.44 million or 32% year-on-year, primarily due to lower customer orders and deferred deliveries in the manufacturing segment. The property development and construction segment also recorded no revenue this quarter.
• Loss Before Taxation: The Group posted a loss before taxation of RM1.18 million for Q3FY2026, compared to a profit before tax of RM0.87 million in Q3FY2025. The loss is attributed to lower manufacturing turnover, absence of prior year’s impairment recovery, and insufficient offset of fixed overheads despite cost-cutting efforts.
• Year-to-Date Performance: For the nine months ending 31 March 2026, the Group recorded a cumulative loss before taxation of RM3.35 million, reversing from a profit of RM0.62 million in the previous comparable period. Revenue declined by RM7.16 million, mainly due to reduced export volumes and fewer property sales.
• Quarter-on-Quarter Weakness: Revenue fell RM4.48 million or 28% from the preceding quarter, mainly due to festive season downtime, shipment delays from Middle East geopolitical tensions, and lower manufacturing output. Loss before tax widened from RM0.73 million to RM1.18 million.

Operational & Strategic Developments

• Bank Accounts Frozen: On 10 March 2026, the company announced that 16 bank accounts were frozen by a local financial institution since mid-November 2025. The Group is appealing to authorities for their release. This situation has forced the Group to use collections from its manufacturing unit to fund operating expenses, which may impact liquidity and operational flexibility.
• Corporate Name Change: The company changed its name from Classita Holdings Berhad to NexG Bina Berhad on 19 September 2025.
• Disposal of Subsidiaries: The Group is in the process of negotiating a proposed disposal of 49% of its equity interest in Classita (M) Sdn Bhd and Marywah Industries (M) Sdn Bhd. The execution of a definitive agreement has been extended to 7 September 2026.
• New Subsidiary Incorporated: Mempaga Industrial Park Sdn Bhd was incorporated on 15 October 2025, intended for property development and related activities, though it is currently dormant.
• Litigation: A major legal suit is ongoing to recover RM9.47 million owed from a housing project. The case is scheduled for mediation on 22 June 2026. A successful outcome may positively affect the Group’s cash flow.
• Rights Issue Utilisation: In July 2023, the company raised approximately RM88.05 million through a rights issue. Details on the current status of utilisation are available in the report.

Risks and Price Sensitive Issues

• The freezing of 16 bank accounts is a material and potentially price-sensitive event, as it could constrain liquidity, disrupt operations, and affect the Group’s ability to fulfil financial and commercial obligations. The company is seeking legal redress and regulatory engagement to resolve the matter.
• The ongoing litigation for a substantial sum (RM9.47 million) has not reached resolution and could impact future cash flows, contingent on the court’s decision.
• The company’s performance is susceptible to global market conditions, as seen in lower export demand and shipment delays due to geopolitical instability.
• No dividends were declared for the current period, highlighting the Group’s focus on preserving cash and operational stability.

Outlook and Strategic Focus

• The Group aims to strengthen its manufacturing segment by focusing on technical skills, system upgrades, and operational readiness for key export markets (Germany, Canada, USA).
• Property development projects, such as the Kinta Land and Bentong projects, are ongoing, with an emphasis on aligning launches with market demand and material cost stability.
• Global energy and shipping costs are expected to remain elevated, potentially pressuring margins in the near term. The company is implementing internal controls and supply chain optimizations to protect the bottom line.
• The Board maintains a cautiously optimistic outlook, focusing on recurring income streams and prudent financial planning to ensure resilience and long-term value creation for shareholders.

Other Notable Updates

• No material changes to contingent liabilities, capital commitments, or related party transactions in the period.
• There have been no profit forecasts or guarantees issued by the company.
• No dividends were paid during the quarter.

Conclusion

The freezing of multiple bank accounts, ongoing major litigation, and substantial operating losses are key issues that could impact investor sentiment and share price. Investors should monitor further announcements, particularly regarding the resolution of the frozen accounts and legal claims, as these could materially affect the Group’s financial position and future prospects.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to review the original financial statements and consult licensed financial advisors before making investment decisions. The information herein is based on publicly available documents and may be subject to change.

Laporan Kewangan Interim NexG Bina Berhad Q3FY2026 – Analisis Terperinci untuk Pelabur

Ringkasan Eksekutif

NexG Bina Berhad (dahulu dikenali sebagai Classita Holdings Berhad) telah menerbitkan penyata kewangan interim tidak diaudit bagi suku dan tempoh berakhir 31 Mac 2026. Laporan ini memaparkan perkembangan kewangan dan operasi penting yang perlu diberi perhatian oleh para pemegang saham dan berpotensi memberi kesan kepada harga saham syarikat.

Fokus Kewangan Utama

• Pendapatan Menurun: Pendapatan kumpulan bagi Q3FY2026 menurun sebanyak RM5.44 juta atau 32% berbanding tahun lepas, terutamanya disebabkan penurunan tempahan pelanggan dan penangguhan penghantaran dalam segmen pembuatan. Segmen pembangunan hartanah dan pembinaan juga tidak merekodkan pendapatan pada suku ini.
• Kerugian Sebelum Cukai: Kumpulan mencatatkan kerugian sebelum cukai sebanyak RM1.18 juta untuk Q3FY2026, berbanding keuntungan sebelum cukai RM0.87 juta pada suku yang sama tahun sebelumnya. Kerugian ini berpunca daripada kejatuhan hasil pembuatan, ketiadaan pendapatan luar biasa dan penjimatan kos operasi yang tidak cukup untuk menampung overhead tetap.
• Prestasi Tahun-ke-Tarikh: Bagi sembilan bulan berakhir 31 Mac 2026, kerugian terkumpul sebelum cukai ialah RM3.35 juta berbanding keuntungan RM0.62 juta pada tempoh yang lalu. Pendapatan turun RM7.16 juta, terutamanya akibat penurunan eksport dan jualan hartanah.
• Pelemahan Suku-ke-Suku: Pendapatan menurun RM4.48 juta atau 28% berbanding suku sebelumnya, disebabkan oleh cuti perayaan, cabaran logistik, dan pengeluaran pembuatan yang lebih rendah. Kerugian sebelum cukai meningkat daripada RM0.73 juta kepada RM1.18 juta.

Perkembangan Operasi & Strategik

• Akaun Bank Dibekukan: Pada 10 Mac 2026, syarikat mengumumkan 16 akaun bank telah dibekukan sejak pertengahan November 2025. Syarikat sedang berusaha membuat rayuan kepada pihak berkuasa. Keadaan ini memaksa syarikat menggunakan hasil kutipan dari unit pembuatan untuk menampung perbelanjaan operasi, sekali gus mungkin menjejaskan kecairan dan fleksibiliti operasi.
• Pertukaran Nama Korporat: Syarikat menukar nama daripada Classita Holdings Berhad kepada NexG Bina Berhad pada 19 September 2025.
• Pelupusan Anak Syarikat: Rundingan pelupusan 49% ekuiti dalam Classita (M) Sdn Bhd dan Marywah Industries (M) Sdn Bhd sedang dijalankan dan tarikh akhir lanjutan ialah 7 September 2026.
• Anak Syarikat Baharu: Mempaga Industrial Park Sdn Bhd telah ditubuhkan pada 15 Oktober 2025 untuk pembangunan hartanah, tetapi masih dorman.
• Tindakan Undang-Undang: Tuntutan undang-undang bagi mendapatkan semula RM9.47 juta masih berjalan dan tarikh mediasi dijadualkan pada 22 Jun 2026. Keputusan positif berpotensi memberi impak positif kepada aliran tunai Kumpulan.
• Hasil Terbitan Hak: Pada Julai 2023, syarikat telah mengumpul RM88.05 juta melalui terbitan hak. Status penggunaan hasil boleh dirujuk dalam laporan.

Risiko dan Isu Sensitif Harga

• Pembekuan akaun bank adalah isu material dan sensitif, berpotensi menjejaskan kecairan, operasi dan keupayaan syarikat untuk memenuhi obligasi kewangan serta komersial.
• Litigasi utama yang belum selesai melibatkan jumlah besar boleh memberi kesan kepada aliran tunai masa depan.
• Prestasi syarikat terdedah kepada keadaan pasaran global, seperti permintaan eksport yang lebih rendah dan kelewatan penghantaran akibat ketidakstabilan geopolitik.
• Tiada dividen diumumkan bagi tempoh ini, menandakan fokus kepada kestabilan operasi dan simpanan tunai.

Prospek dan Fokus Strategik

• Fokus untuk memperkukuh segmen pembuatan melalui pembangunan kemahiran teknikal, peningkatan sistem, dan kesediaan operasi untuk pasaran eksport utama (Jerman, Kanada, Amerika Syarikat).
• Projek pembangunan hartanah seperti Kinta Land dan Bentong diteruskan dengan pendekatan berhati-hati selari dengan permintaan pasaran dan kestabilan kos bahan.
• Kos tenaga dan penghantaran global dijangka kekal tinggi, memberi tekanan kepada margin. Syarikat sedang mengoptimumkan rantaian bekalan dan kawalan dalaman untuk melindungi keuntungan.
• Lembaga Pengarah kekal optimis secara berhati-hati dengan memberi tumpuan kepada pendapatan berulang dan perancangan kewangan berhemah untuk memastikan daya tahan dan penciptaan nilai jangka panjang.

Kemas Kini Lain

• Tiada perubahan material pada liabiliti luar jangka, komitmen modal, atau transaksi pihak berkaitan.
• Tiada unjuran keuntungan atau jaminan keuntungan dikeluarkan.
• Tiada dividen dibayar pada suku ini.

Kesimpulan

Pembekuan akaun bank, litigasi utama yang masih berjalan, dan kerugian operasi yang besar adalah isu utama yang boleh memberi kesan kepada sentimen pelabur dan harga saham. Pelabur wajar memantau pengumuman lanjut terutama berkaitan penyelesaian akaun bank dan tuntutan undang-undang yang boleh memberi impak ketara kepada kedudukan kewangan dan prospek syarikat.

Penafian

Artikel ini adalah untuk tujuan makluman sahaja dan bukan nasihat pelaburan. Pelabur dinasihatkan merujuk laporan kewangan asal dan mendapatkan nasihat pakar berlesen sebelum membuat sebarang keputusan pelaburan. Maklumat yang diberikan adalah berdasarkan dokumen awam dan tertakluk kepada perubahan.

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