PETALING JAYA: Eco World Development Group Bhd
(EcoWorld) has started off its financial year ending Oct 31, 2026 (FY26) on a high note, recording RM2.06bil in sales, making up 52% of its RM4bil full year target in the first four months.
The sales figure, recorded up to Feb 28, 2026, represents the group’s highest-ever sales performance, surpassing its RM1.93bil recorded in the same period of FY25.
Revenue for the first financial quarter of FY26 (1Q26) reached RM1.35bil, up from RM539.63mil in 1Q25.
Meanwhile, the group’s net profit for the quarter rose to RM156.4mil compared to RM80.34mil in 1Q25.
“Notably, the sales were achieved without any large-tract industrial lands sold in the current year, unlike the first four months of 2025 which had included RM960mil from sales of industrial lands to Microsoft Payments (Malaysia) Sdn Bhd and Pearl Computing Malaysia Sdn Bhd,” said Datuk Chang Khim Wah, president and chief executive officer of EcoWorld, in a statement.
According to the group, 55% of total sales or RM1.14bil was attributed to projects in the central region covering Klang Valley and Negeri Sembilan, while 39% came from the south (Johor), and 6% were contributed from projects in the north (Penang).
The group linked the strong sales performance to the increasing breadth and depth of market penetration achieved across its revenue pillars, which have enabled it to provide comprehensive service to every market segment.
“Our sizable end-user and repeat customer following also contributed to the results achieved,” Chang said.
“This key competitive advantage was gained through years of ongoing value creation, community building and intentional placemaking, which thoughtfully considered the specific lifestyle needs, aspirations and business requirements of our customer base at each individual project.”
In light of this outperformance, EcoWorld has declared a higher first interim dividend of 2 sen per share in 1Q26, representing double the amount declared in 1Q25 of 1 sen per share.
The group’s residential segment recorded RM1.02bil in revenue for the period up to Feb 28, 2026, a 51% increase from the same period in FY25.
Its Eco Townships were responsible for RM812mil in sales, 89% of which came from upgrader homes priced above RM650,000.
Moreover, the Hi.Jau West @ Eco Botanic 3 township in Iskandar Malaysia, Johor, launched in 4Q25, was the largest contributor with high take-ups for its precincts comprising two-storey garden terraces.
“These landed homes which are designed to serve young families and upgraders perfectly complement our upcoming launches of Chateau II luxury bungalows in Eco Botanic and Sa.Young 3 “duduk” apartments in Eco Botanic 2,” Chang said.
RM206mil of revenue was contributed by the Eco Rise pillar, with 64% of these sales coming from its duduk apartments series.
Higher priced serviced apartments such as SWNK Houze @ BBCC and se.ruma @ Eco Sanctuary saw a steady rise in take-ups within the four-month period.
EcoWorld’s commercial segment also recorded a rise of 12% in sales compared to the same four months in FY25. RM298mil was recorded by its Eco Hubs commercial pillar, comprising 15% of the group’s year-to-date sales.
This mainly involved shop offices located within our Eco Townships and Eco Business Parks, as well as commercial units integrated with our duduk and other high-rise developments.
Under its industrial division, the group’s Eco Business Park VII (EBP VII) project in Negeri Sembilan launched in November 2025 notably achieved sales of RM688mil in less than four months, contributing 92% to the RM745mil sales recorded under the Eco Business Park pillar.
The first phase launch of the project SME Core, which features cluster, semi-detached factories and small acre plots of industrial land, received an overwhelming response, Chang said.
“Many of the purchasers were EcoWorld’s existing customers, with strong support from property investors and other industrialists. We have also been receiving ongoing enquiries from our network of international customers who are keen to explore setting up operations at EBP VII.”
According to the group, this strong sales performance has increased future revenue to RM5.11bil as at Feb 28, 2026, strengthening its earnings prospects and cashflow visibility in the near and mid-term.
EcoWorld’s gross and net gearing ratios as at Jan 31, 2026 have also improved to 0.63 and 0.17 times, respectively.
Additionally, the group’s cash balances, which include deposits and short-term funds, are also at its highest at RM2.9bil.
