Radium Development records revenue of RM40 mil for 1QFYE2025

• Group diversifies into healthcare sector with proposed hospital in Melaka.

KUALA LUMPUR (May 22): Radium Development Bhd recorded revenue of RM40 million the first quarter of the financial year ending 2025 (1QFYE2025), an increase of 45.3% compared to RM27.5 million in the same period last year.

Profit before tax rose to RM4.1 million from RM3.9 million in (1QFYE2024). “These results were primarily supported by ongoing projects such as Suite Canselor @ Ampang, Vista Adesa, Radium Adesa @ Sungai Besi, and Radium Arena @ Old Klang Road,” stated Radium Development in a media release.

As at March 31, 2025, Radium reported a cash position of RM231.1 million and a gross gearing ratio of 0.15 times, based on shareholders’ funds of RM769.5 million.

“The group’s revenue pipeline remains underpinned by its active developments, including Vista Adesa and Radium Adesa at Sungai Besi (Residensi Wilayah and suite apartments components) with an estimated gross development value of RM1 billion,” stated Radium Development.

The recently launched Radium Arena at Old Klang Road, comprising 988 suite apartments and an estimated GDV of RM518 million, has continued to attract market interest.

Additionally, a joint venture development in Kepong, targeted for launch in the second half of 2025, is expected to contribute an estimated GDV of RM400 million.

Radium Development has also strengthened its land bank through acquisitions in Cheras, Kuala Lumpur, and Ampang, Selangor, with potential GDVs of RM2.54 billion and RM470 million, respectively.

Diversification into the healthcare sector

Radium has announced a proposed venture into the healthcare sector. Through a wholly-owned subsidiary, the group plans to develop a hospital in Melaka.

This initiative marks Radium’s entry into healthcare and is intended to establish a recurring income stream in addition to its core property development business.

“The group’s first quarter performance reflects sustained demand for our developments and the results of our ongoing strategic initiatives. The proposed hospital in Melaka is a significant step in our diversification strategy, supporting our aim to build a stable and sustainable business for the long term,” said group managing director of Radium Development Datuk Gary Gan Kah Siong.

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