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MARKET • 27/08/2026 09:16 PM

IOI Properties Posts Higher FY2026 Net Profit Of RM2.15 Bln

KUALA LUMPUR, Aug 27 (Bernama) -- IOI Properties Bhd’s net profit for the financial year ended June 30, 2026 (FY2026) rose to RM2.15 billion from RM1.06 billion last year, while revenue grew 45 per cent to RM4.44 billion from FY2025’s RM3.06 billion.

In a filing with Bursa Malaysia, IOI Properties attributed the group’s strong performance to a RM502.8 million remeasurement gain on South Beach, Singapore, as well as strong contributions from the property development and property investment segments.

It said revenue growth was driven by robust performance across all three core business segments, with the property development, property investment, and hospitality and leisure segments registering growth of 35 per cent, 49 per cent and 79 per cent, respectively. 

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“Notably, the property development segment benefitted from the recognition of land sales in Jalan Ampang and Melaka, while the property investment segment was bolstered by higher physical occupancy at IOI Central Boulevard Towers and the addition of South Beach Tower,” it said.

For the fourth quarter of 2026, the property developer’s net profit eased to RM523.11 million from RM823.93 million, while revenue gained RM1.38 billion from RM890.20 million, primarily attributed to improved performance across all segments.

Its group chief executive officer, Datuk Lee Yeow Seng, said IOI Properties’ performance reflects its strategies to diversify income streams, capitalise on industrial demand, and roll out market-driven products while enhancing productivity and efficiency across all three core business segments.

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“As we move into FY 2027, we recognise that global economic headwinds and geopolitical risks may persist.

“Nevertheless, the group remains cautiously optimistic of its financial performance for the financial year, underpinned by the strong demand for our diversified product offerings in the property development segment and growing contribution from the property investment segment,” he said.

The company has declared an interim dividend of eight sen and a special dividend of eight sen, totalling 16 sen for FY2026.

-- BERNAMA


 

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