KUALA LUMPUR: Eco World Development Group Bhd
(EcoWorld) recorded RM3.28bil in sales during the first seven months of FY2026, achieving 82% of its full-year sales target of RM4bil.
President and CEO Datuk Chang Khim Wah said its projects in the Southern region (Iskandar Malaysia) were the largest contributors, accounting for RM1.66bil or 51% of the group’s total sales, followed by the Central region (Klang Valley and Negeri Sembilan) with RM1.45bil and RM168mil from the Northern region (Penang).
As at May 31, 2026, residential projects accounted for the largest share of EcoWorld’s year-to-date sales at RM1.74bil (53%), followed by industrial developments at RM1.15bil (35%) and commercial projects at RM391mil (12%).
Residential sales were driven by Eco Townships (RM1.18bil) and Eco Rise (RM556mil), while industrial sales came from Eco Business Parks (RM870mil) and QUANTUM (RM281mil).
For the second quarter ended April 30, 2026 (2Q26), EcoWorld posted a net profit of RM129.14mil, translating into earnings per share (EPS) of 4.01 sen. This brought its first-half net profit to RM285.5mil, or 8.89 sen per share.
Quarterly revenue stood at RM797.4mil, while revenue for the first six months of FY2026 rose 51.7% year-on-year to RM2.15bil.
EcoWorld's future revenue rose to a record high of RM5.38bil as at May 31, 2026, underpinned by strong sales, enhancing the group's earnings visibility and cash flow prospects over the near and medium term.
The board declared a second interim dividend of two sen per share for 2Q26, bringing year-to-date dividends to four sen per share, up 33% from the corresponding period in FY25.
Chang said that despite challenges arising from geopolitical tensions, global trade uncertainties and rising construction costs, it had been business as usual for EcoWorld.
He said the group's sustained sales growth amid the turbulence underscored the resilience, breadth and depth of demand in the property sector, which EcoWorld was well-positioned to serve through its five revenue pillars.
“We are therefore highly optimistic about our prospects going forward. Our future revenue stands at an all-time high as at May 31 at RM5.38bil, which significantly strengthens both our earnings prospects and cashflow visibility in the near and mid-term.
“The group’s financial position is very healthy, with gross and net gearing ratios at 0.61 and 0.22 times respectively as at April 30.
“Supported by high cash balances (including deposits and short-term funds) of RM2.5bil, this gives us ample headroom to continue to expand our business prudently while maintaining our commitment to reward our shareholders,” he said.
