PETALING JAYA: Inspace Creation Bhd announced revenue of RM10.71 million for the first quarter ended Feb 28, 2026, derived entirely from the provision of interior fitting-out services in Malaysia.
Gross profit stood at RM3.32 million, representing a healthy gross profit margin of 31%, which remained consistent with the 30.7% gross profit margin recorded for the financial year ended Nov 30, 2025.
It was the company’s first quarterly results announcement following its initial public offering (IPO) and upcoming listing on the ACE Market of Bursa Malaysia Securities on May 8.
The company posted profit before tax of RM0.75 million and profit after tax of RM0.59 million for the quarter under review. PAT attributable to owners of the company stood at RM0.71 million, translating into basic and diluted earnings per share of 0.19 sen, based on the enlarged issued share capital of 369.30 million shares upon listing.
As this is Inspace Creation’s first interim financial report announced in compliance with the ACE Market Listing Requirements, there are no comparative figures for the preceding year’s corresponding quarter or immediate preceding quarter.
During the quarter under review, project progress was affected by the year-end holiday and festive seasons, including Christmas, New Year and Chinese New Year, which temporarily reduced workforce availability and moderated the pace of revenue recognition. Despite this, the company maintained a resilient margin profile, reflecting disciplined project execution, cost management and the underlying quality of its project portfolio.
Executive director Wong Chong Siong said, “We are pleased to report a profitable first quarterly result as we enter the public market. While project execution during the quarter was moderated by the holiday and festive period, our gross profit margin remained healthy and consistent with our previous financial year, reflecting the strength of our execution discipline and project management capabilities. This gives us confidence as we move into the next phase of our growth journey as a listed company.”
Inspace Creation’s balance sheet remained supported by total assets of RM35.88 million as at Feb 28, 2026, with total equity of RM18.56 million. Cash and bank balances stood at RM8.62 million, while total bank borrowings declined to RM4.73 million from RM4.90 million as at Nov 30, 2025.
Looking ahead, Inspace Creation remains optimistic on the outlook for Malaysia’s interior fitting-out industry, particularly within the corporate office segment.
Based on the independent market research report set out in the company’s prospectus, the value of work done for Malaysia’s interior fitting-out services industry is projected to grow from RM2.8 billion in 2025 to RM3.5 billion in 2027, representing a compounded annual growth rate of 11.8%. This growth is expected to be supported by commercial property expansion, growth in end-user industries, tourism and retail activity, as well as continued foreign and domestic investment.
Wong said, “The structural drivers for the interior fitting-out industry remain encouraging, particularly as businesses continue to invest in workplace functionality, branding and productivity. With our listing exercise, Inspace Creation will be better positioned to strengthen our operating platform, enhance procurement efficiency and broaden our project opportunities beyond our existing core markets.”
