KUALA LUMPUR: Eco World Development Group Bhd
’s (EcoWorld) sales have surpassed RM5bil for the first time, exceeding its RM4bil target for the financial year ending Oct 31, 2026 (FY26).
The property developer recorded RM4.05bil in sales for the 10 months ended Aug 31. Including the RM1.01bil sale of 221.665 acres of industrial land at Eco Business Park VII to Tera Data Centers on Sept 22, total sales to date have exceeded RM5bil.
For the 10-month period, the southern region was the largest contributor with RM1.97bil, or 49% of sales, followed by the central region at RM1.79bil, or 44%, and the northern region at RM296mil, or 7%.
In a statement, EcoWorld said residential properties contributed RM2.3bil, or 57% of total sales, comprising RM1.6bil from Eco Townships and RM700mil from Eco Rise.
Industrial sales accounted for 33%, with Eco Business Parks recording RM1.04bil and its QUANTUM pillar contributing RM281mil. Eco Hubs, its commercial segment, generated RM424mil, or 10% of sales.
EcoWorld president and chief executive officer Datuk Seri Chang Khim Wah said the group had surpassed its FY26 sales target after recording RM4.05bil in sales in the first 10 months.
Including the RM1.01bil Tera Data Centers deal signed on Sept 22, he said EcoWorld’s sales had exceeded RM5bil for the first time.
Chang said Eco Business Park VII had also secured RM942mil in sales of its SME Core products within 10 months of launch, mainly from local industrial players.
He said continued interest from both domestic and foreign industrial players should support the industrial segment, with Eco Business Park 8 in Kulai, Johor, slated for launch in 2027.
Meanwhile, EcoWorld’s profit after tax (PAT) rose 20% year-on-year to RM120.8mil for the third quarter ended July 31, 2026.
For the nine-month period, PAT increased 36% to RM424.3mil.
Third-quarter revenue and gross profit increased by 28% and 19%, respectively, from a year earlier, driven by higher locked-in sales recognised during the period. Gross profit margin stood at 27.2%.
EcoWorld said future revenue stood at RM5.01bil as at Aug 31, providing earnings and cash flow visibility over the near to medium term.
Its gross and net gearing ratios stood at 0.57 times and 0.21 times, respectively, as at July 31, while cash balances, including deposits and short-term funds, amounted to RM2.28bil.
The group declared a third interim dividend of two sen per share, bringing total dividends for FY26 to date to six sen per share, compared with five sen per share in the corresponding period last year.
EcoWorld is also expanding into Singapore after winning a tender on Sept 18 for a 4,283.4 sq m residential site at Lorong Puntong/Sin Ming Avenue.
The project, which marks EcoWorld’s maiden development venture in Singapore, is targeted for launch in 2028.
Chang said the group expects a strong close to FY26, supported by higher sales and profits and a more diversified earnings base.
“Premised on strong sales and 3Q YTD 2026 results achieved, the group is on track for a strong close to FY2026, with record-high sales and profits combined with an increasingly diversified earnings base to underpin our performance in the years ahead.”
