KUALA LUMPUR: Mah Sing Group Bhd
hit a decade-high RM2.51bil in sales in 2025, prompting the property developer to raise the bar for 2026.
With RM3.45bil worth of new launches scheduled in 2026, the group said it was revising higher its annual sales target to RM2.76bil with a focus on products aligned with current market demand in key growth corridors.
"Following the recent debut of M Aria (Sentul), upcoming launches include M Aurora (Old Klang Road), M Mira (Setapak), M Hana (Puchong), M Cora and M Amaya (Penang), as well as M Tiara 2 and MS Industrial Park @ Kulai (Johor).
"New phases of existing developments will also be rolled out, namely M Legasi (Semenyih), M Sinar Tower B at Southville City (Bangi), M Grand Minori and Meridin East (Johor)," it said in a statement.
In FY25, Mah Sing recorded a net profit of RM260.08mil, up from RM240.75mil in the previous year. Revenue dipped slightly to RM2.516bil from RM2.52bil previously.
The fourth quarter also showed improvement to the bottomline at RM61.76mil against RM60.44mil in the same quarter in the previous year. Revenue was lower at RM665.04mil against RM744.42mil in the comparative quarter.
The board of directors declared a dividend of five sen per share with an entitlement date of May 13, 2026, and payment date of May 26, 2026.
Mah Sing sits on about RM1.21bil in cash, bank balances and short-term investment, and a low net gearing of 0.26x.
"Backed by this strong liquidity position and balance sheet strength, the group is actively scouting for new landbank opportunities in key growth corridors to sustain its development pipeline," it said.
