PETALING JAYA: Ecofirst Consolidated Bhd
began its financial year of 2026 (FY26) with a 87% year-on-year surge in first-quarter revenue, led by accelerated progress billing from its property development business and an improved rental yield from the property investment segment.
In a stock exchange filing, EcoFirst said the revenue rose to RM123.45mil in the first quarter ended Aug 31, 2025, as compared to RM65.92mil in the previous corresponding quarter.
Coupled with a lower finance cost as a result of lower geared commitment, the group’s net profit jumped to RM10.48mil from just RM946,000 on a year-on-year basis.
This led to a higher earnings per share of 0.89 sen in the first quarter of FY26. The group did not declare a dividend for the quarter.
Segmental-wise, EcoFirst reported a revenue of RM119.16mil for the property development segment.
This was an increase from RM61.81mil in the first quarter of FY25. The higher contribution was achieved on the back of accelerated progress billing for EcoFirst’s KL 48 project.
As for the property investment segment, it generated an improved rental yield at RM4.24mil for the first quarter of FY26 as compared with RM4.06mil in the previous corresponding quarter.
This was underpinned by an increased occupancy rate at South City Plaza.
Commenting on the prospects, EcoFirst said it is seeking ways to make adjustments to the existing plans in order to avoid price hikes and to address the impact from macroeconomic headwinds.
“Nevertheless, it would be imprudent for us not to take note of the growing concern of any possible impacts of US tariff and other external uncertainties on global markets, including trade policies and protectionist measures, could influence the Malaysia economy and indirectly affect the Malaysian property market.”
Its next property launch would be a mixed development project in Kajang.
