PETALING JAYA: Eco World Development Group Bhd
(EcoWorld Malaysia) has achieved RM3.84bil sales in the first 10 months of financial year 2025 (FY25), exceeding its full-year sales target of RM3.5bil.
Projects in Iskandar Malaysia contributed RM1.99bil or 52% of the group’s total sales, followed by 38% from the Klang Valley and 10% from Penang.
In the third quarter ended July 31, 2025 (3Q25), the property developer said revenue rose 45% year-on-year (y-o-y) to RM761.9mil.
Net profit increased 26% y-o-y to RM101.2mil.
EcoWorld Malaysia told the stock exchange that its future revenue remains high at RM5.14bil as at Aug 31, strengthening both the group’s earnings prospects and cashflow visibility.
The group’s net gearing ratio as at end-July stood at 0.53 times, supported by high cash balances (including deposits and short-term funds) of RM1.7bil.
Based on the above performance, the board of directors has declared a third interim dividend of two sen per share in 3Q25, bringing total year-to-date dividends to five sen for FY25.
EcoWorld Malaysia president and chief executive officer Datuk Chang Khim Wah said the residential segment continues to anchor the group’s performance, contributing RM2.08bil up to Aug 31, 2025.
“Sales of landed residential homes under our Eco Townships have exceeded the group’s full-year sales in FY24 with RM1.39bil recorded in 10 months.”
He added that sales of commercial units under Eco Hubs contributed 14% or RM525mil to the group’s year-to-date sales.
“Our Eco Business Parks and QUANTUM pillars collectively recorded RM1.24bil sales in 10 months of FY25, the highest ever achieved by the group under the industrial segment.
“Sales were underpinned by three major industrial land deals during the year in Eco Business Park I and Eco Business Park II in Iskandar Malaysia, as well as Eco Business Park V in the Klang Valley, which contributed a cumulative sum sold of RM1.08bil.”
Chang further noted that EcoWorld Malaysia’s industrial segment is set to expand further with the upcoming launch of the group’s sixth business park, Eco Business Park VII, scheduled to take place before the end of the year.
He said the group’s plans to grow its recurring income base are also progressing well. Construction of the shell and core for the data centre to be leased to Pearl Computing Malaysia Sdn Bhd has commenced and is targeted for completion in the second half of FY27.
“Upon completion, we expect the substantial rental income arising from this lease to anchor our recurring income base and further enhance the stability of the group’s revenue, profits and cashflow generation going forward,” stated Chang.
