KUALA LUMPUR: IOI Properties Group Bhd
chalked up RM1bil in property development sales in the first six months (1H) of the financial year ending June 30, 2026 (FY26).
The property developer, in a statement, said local projects contributed RM803.7mil, accounting for 80% of total sales, while projects in China contributed RM134.8mil, or 14%, and Singapore made up the remaining RM63.8mil, or 6%.
“In Malaysia, sales were primarily driven by the Klang Valley region at RM512.5mil and this was led by our well-established township of 16 Sierra in Puchong South, followed by Senna Puteri, the Group’s latest township development in Salak Tinggi, Sepang.
“Meanwhile, the Johor region registered RM290.1mil in sales, led by our vibrant townships of Bandar Putra Kulai and Taman Kempas Utama,” IOIPG said.
In the second quarter ended Dec 31, 2025 (2Q26), the group’s net profit surged more than sevenfold to RM708.8mil, or earnings per share of 12.87 sen, from RM94.8mil, or 1.72 sen, a year earlier.
Quarterly revenue jumped 30% to RM1.04bil from RM729mil previously.
In 1H26, the group registered a 42% increase in revenue to RM2.01bil, compared with RM1.42bil in the corresponding period a year ago.
The strong growth was driven by robust performance across its three core segments, with property development, property investment, and hospitality and leisure recording growth of 33%, 39%, and 77%, respectively.
Its net profit in 1H26 surged more than eightfold to RM1.37bil, or 24.94 sen per share, from RM163.9mil a year earlier.
Profit before tax rose more than fivefold to RM1.60bil, compared with RM284.5mil in 1H25, mainly driven by a fair value gain on investment properties of RM567.1mil and a remeasurement gain on South Beach of RM502.8mil.
Excluding these exceptional items, IOIPG said underlying profit before tax increased 87% to RM530.6mil, supported by stronger contributions across all segments.
Group chief executive officer Datuk Lee Yeow Seng said the group’s strong financial performance underscores the strength of its core businesses.
“Barring any unforeseen events, the group is confident of its performance for the financial year. The prospects are well supported by our diversified development offerings across three countries, ongoing developments in the industrial segment as well as the activation of data centre activities, sizeable recurring income streams from our established property investment portfolio, positive outlook of the hospitality & leisure segment, and the favourable interest rate environment in Singapore,” Lee said.
