PROPERTY DEVELOPER Avaland today announced its financial results for the second quarter ended June 30, 2026 (Q2 FY2026), recording a net profit of RM17.1mil on revenue of RM174.3mil.
For comparison, Avaland posted a net profit of RM12.1mil on revenue of RM149.4mil in the preceding quarter.
The improved financial performance was attributable to higher construction progress across ongoing developments and contributions from recently launched developments during the quarter.
Avaland chief executive officer Apollo Bello Tanco (Pol) said, “We continue to build on our sales momentum in Q2 FY2026, with new sales increasing by 46% quarter-on-quarter to RM222.4mil from RM152.3mil in the preceding quarter.
“The stronger sales performance was supported by contributions from the recently launched landed developments, reflecting continued demand for our differentiated product offerings.
“We are also pleased that Aetas Seputeh and Amika Residences are fully sold, with both developments achieving full take-up approximately two years after their respective launches in 2024.
“This strong take-up reflects sustained demand for our developments. The group’s premium portfolio continued to record healthy sales contributions during the quarter, further supporting our overall sales performance.
“As of June 30, 2026, our unbilled sales increased 4% to RM941.1mil from March 31 2026, supported by continued sales across ongoing and recently launched developments.
“The healthy unbilled sales position provides visibility over the Group’s earnings in the medium term.”
Commenting on the group’s outlook, he added: “We remain focused on strengthening our development pipeline through strategic land acquisitions and upcoming project launches.
“In line with our strategy of acquiring land parcels with a short turnaround time to launch, we acquired a 0.7ha (1.9-acre) freehold parcel in Taman U-Thant, Kuala Lumpur, during the quarter.
“Earmarked for a luxury residential development with an estimated GDV of approximately RM700.0mil, the acquisition strengthens the group’s luxury residential portfolio and provides an opportunity to build on its established presence in the Klang Valley.
“Looking ahead, we remain on track with our 2026 launch plans across our three portfolio series, comprising projects with a combined estimated GDV of more than RM1.0bil.
Pol added that, following the earlier launch of landed residential and commercial developments under the AVA Ria series, Avaland intends to launch Accent Petaling Jaya under the AVA Prime series and Aetas Taman Desa under the AVA Luxe series in the second half of 2026.
“These launches are expected to contribute positively to our future revenue and earnings. The property market outlook remains cautiously positive, supported by a stable domestic financing environment.”
