KUALA LUMPUR: IOI Properties Group Bhd’s net profit jumped over seven-fold to RM708.84 million in the second quarter ended Dec 31, 2025 (2Q FY2026) from RM94.78 million in the same period a year.
Revenue surged to RM1.04 billion from RM729.0 million, it said in a filing with Bursa Malaysia on Friday.
The property developer said the strong earnings and revenue growth were mainly driven by income contribution from Scottsdale Properties Pte Ltd following the acquisition of the remaining 50.1 per cent equity interest, which made the entity a subsidiary, as well as higher contributions across all segments.
For the first six months ended Dec 31, 2025, net profit surged to RM1.37 billion from RM163.95 million, while revenue increased to RM2.01 billion from RM1.42 billion previously.
“The strong performance was primarily attributed to fair value gains on investment properties and a remeasurement gain on South Beach, amounting to RM567.1 million and RM502.8 million respectively.
“Excluding these exceptional items, the group’s underlying pre-tax profit rose 87 per cent to RM530.6 million, supported by stronger contributions across all segments,” it said in a separate statement.
Looking ahead, Group Chief Executive Officer, Datuk Lee Yeow Seng, said the group remains confident of its performance for FY2026, supported by its diversified developments in three countries (Malaysia, China and Singapore), ongoing industrial projects, data centre activities, sizeable recurring income from its property investment portfolio, a positive hospitality outlook, and a favourable interest rate environment in Singapore. – BERNAMA
