KUALA LUMPUR: IGB Bhd
posted a lower net profit of RM361.02 million for the financial year ended Dec 31, 2025 (FY2025), from RM416.22 million in the previous financial year.
In a Bursa Malaysia filing, the property company said its revenue increased to RM1.91 billion in FY2025, compared to RM1.67 billion in FY2024, driven by improved performance across all segments.
IGB is involved in five segments, namely property investment - retail, property investment - commercial, property development, hotel and construction.
In the fourth quarter (4Q) of FY2025, the company recorded a higher net profit of RM99.14 million, compared to RM82.02 million in the 4Q FY2024, while revenue rose to RM499.60 million in 4Q FY2025, compared to RM438.07 million previously.
"The quarter’s growth was primarily attributed to higher contributions from the property investment-retail, property investment-commercial, and property development segments,” it said.
IGB expects continued growth in its core segments, with retail performance bolstered by stable domestic spending.
It said that with a further five properties receiving GreenRE certification in 4Q, the commercial property segment continues to see positive leasing momentum, underpinned by stable economic conditions and demand for high-quality assets.
"The hospitality sector is poised to benefit from the Visit Malaysia 2026 campaign, with the group’s portfolio bolstered by the planned reopening of St Giles Mid Valley Kuala Lumpur in April 2026.
"The group’s property development arm is also preparing to launch three projects featuring 48 strata villas at Damansara Heights, industrial land parcels at Labu, and Merbau Hub & Residences, a mixed-use development comprising office spaces, small office, home office (SOHO) units, and serviced apartments,” said IGB. - Bernama
