KUALA LUMPUR: At the conclusion of its final financial quarter, Eco World Development Group Bhd
is revelling in a record-breaking year underpinned by a strong sales performance and a historically high bottomline.
The property developer announced a net profit of RM438.07mil in FY25, up from RM303.54mil in the previous year, while revenue rose to RM2.93bil from RM2.26bil FY24. Earnings per share rose to 14.67 sen from 10.3 sen previously.
In line with the performance, the group declared a final dividend of two sen per share, which brings total dividends in FY25 to seven sen per share.
With RM4.55bil in total sales recorded in FY25, EcoWorld blew past its annual sales target of RM3.5bil. Subsequently, it has increased its FY26 sales target to RM4bil.
According to the group, Iskandar Malaysia led sales contributions in FY25 with RM2.27bil, while Klang Valley registered RM1.75bil and Penang, RM524mil.
By segment, the group's Eco Townships and Eco Rise - which contributed RM1.89bil and RM771mil in sales respectively - accounted for 58% of total group sales.
In the commercial segment, Eco Hubs recorded RM664mil in sales.
Eco Business Parks and Quantum in the industrial segment recorded a combined RM1.22bil in sales in FY25, which was 11% higher than in FY24.
The group said industrial sales exceeded the RM1bil threshold for the third year running.
"This year, sales were driven by industrial land deals totalling RM1.08bil to prominent industrialists, namely Microsoft Payments (Malaysia) Sdn. Bhd., Pearl Computing Malaysia Sdn Bhd and Deye New Energy Technology (Malaysia) Sdn Bhd, in addition to sales of our ready-built factories and smaller tracts of industrial land," it said in a statement.
On its ongoing developments, EcoWorld reported that the ongoing construction of the shell and core for the data centre in Eco Business Park V, to be leased to Pearl Computing Malaysia Sdn Bhd, is well on track.
Upon completion in 2HFY27, the group said the substantial fixed rental income from this asset will serve as a strong anchor for its ambitions to grow its recurring income base to 20-30% of net profits over time.
It added that it has been expanding its Eco Hubs portfolio to secure strategic tenancies for key properties within its matured projects to generate rental income.
"Such assets also function as placemaking attractions to enhance the liveability and commercial vibrancy our townships and integrated developments in the Klang Valley, Iskandar Malaysia and Penang.
"Going forward, we aim to grow the development and recurring income components under this pillar in tandem, to ensure that both not only thrive but also generate spillover benefits for our Eco Townships and Eco Rise pillars," it said.
