KUALA LUMPUR: I-Bhd
delivered a strong fourth quarter on the back of a pickup in property development billings to wrap up a solid financial year.
For the quarter, the group reported a net profit of RM10.83mil as compared to RM6.73mil in the same quarter in 2024.
Quarterly revenue rose to RM117.02mil from RM64.1mil previously, while earnings per share climbed to 0.58 sen from 0.36 sen over the same comparative quarter.
This brought the group's net profit for the 12-month period to RM55.74mil, up from RM29.18mil in FY24. Revenue rose to RM322.65mil from RM222.17mil in the previous year.
According to the group's results announcement, its property development segment was the primary growth engine in 4Q, generating RM75.2mil in revenue as compared to RM42.1mil in the preceding quarter (3Q)
It said the increase was driven by accelerated construction progress and higher progressive billings from ongoing developments within i-City, reflecting improved project execution and operational efficiency.
The property segment's revenue was stable at RM6.9mil, with consistent rental contributions from Mercu Maybank, the Group’s data centre and car park assets in i-City, as well as associate income from Central i-City Mall.
Meanwhile, the leisure and hospitality segments recorded 6% quarter-on-quarter growth in revenue to RM33.8mil, supported by sustained visitor footfall and stable operating performance across i-City’s attractions.
“This strong close to FY25 reflects the resilience of I-Berhad’s multi-engine business model and the disciplined execution of our development and investment strategies,” said I-Bhd chairman Tan Sri Lim Kim Hong.
Moving forward, Lim said the group's remaining gross development value of about RM5bil within i-City provides a strong foundation for future growth, with upcoming launches expected to further enhance revenue contribution and earnings momentum.
"The results validate the strength of our existing developments and operating platform. With new launches in the pipeline, we are confident that the Group is well-positioned to deliver continued growth and unlock further value in the coming financial years," he added.
