PETALING JAYA: Tropicana Corp Bhd
stated demand for properties in prime locations in its established, mature and developing townships will persist in 2026 backed by attractive pricing and various promotional packages.
The Group expects improved sales, especially for its properties in Johor, as a result of the Johor-Singapore Special Economic Zone and Johor Bahru-Singapore RTS Link project.
Hence, the Group will continue to launch its properties at strategic locations across the Klang Valley, Genting Highlands, Northern and Southern Regions.
Tropicana’s unbilled sales remain robust at RM2bil, providing strong earnings visibility and supporting sustained financial performance.
Its ongoing and upcoming signature developments across Malaysia have a combined estimated gross development value (GDV) exceeding RM7.5bil.
Meanwhile, its revenue in the fourth quarter ended Dec 31, 2025 (4Q25) fell 9.7% year-on-year (y-o-y) to RM478.5mil on lower progress billings across key projects in the Klang Valley, Southern and Northern Regions.
The revenue for property investment, recreation and resort segment was also lower subsequent to the completion of the disposal of Tropicana Gardens Mall in December 2024, it stated in an exchange filing today.
Tropicana posted a net loss of RM56.2mil or loss per share (LOS) of 2.31 sen for 4Q25 as compared to a net profit of RM211.9mil or earnings per share of 9.4 sen in 4Q24.
The profit in 4Q24 was largely attributable to the recognition of savings on low-cost housing obligations that arose from the disposal of several parcels of development land which will be assumed by the purchaser over a period of time whereby there was no such savings being recognised in the current quarter.
For the financial year 2025 the company narrowed its net loss to RM118.8mil or LOS of 4.87 sen from a net loss of RM208.5mil or LOS of 9.11 sen. Revenue for the year stood at RM1.49bil versus RM1.4bil in FY24.
Tropicana’s current landbank stands at 1,336.1 acres, with a total potential GDV of RM168.4bil.
