PETALING JAYA: Eastern & Oriental Bhd
(E&O) has recorded an improved net profit of RM221.21mil in financial year 2026 (FY26) on the back of record property sales of RM1.4bil.
The property developer said unbilled sales reached RM1.7bil, with strong sales performance providing healthy earnings visibility and reflecting sustained demand across key developments in Penang and the Klang Valley.
E&O said its annual bottomline climbed 31% from RM168.65mil in the previous year.
Revenue in FY26 rose 17% to RM867.64mil from RM741.08mil over the one-year period, driven mainly by revenue recognition from ongoing developments, as well as contributions from newly launched projects.
Its property segment remained the key contributor to its overall performance, delivering a 20% year-on-year increase in revenue to RM753.9mil.
It said the stronger performance was underpinned by healthy construction progress and robust sales contributions from developments across Andaman Island in Penang as well as its Klang Valley projects.
“We are pleased to close FY26 with good operational momentum, marked by record revenue, profitability, property sales and unbilled sales performance.
“Our focus remains on disciplined execution, product differentiation and delivering value to our stakeholders,” said managing director Kok Tuck Cheong.
