Plenitude posts decade high full-year earnings amid stellar 4Q performance

• Quarterly revenue rose 26.74% year-on-year to RM170.27 million from RM134.35 million, driven by higher contributions from the property development and hotel divisions.

KUALA LUMPUR (Aug 26): Plenitude Bhd (KL:PLENITU) on Monday reported a sharp rise in fourth-quarter net profit, boosted by higher revenue and lower administrative expenses.

The net profit for the quarter ended June 30, 2025 (4QFY2025), was RM31.23 million, compared with RM1.38 million a year ago. Earnings per share jumped to 8.2 sen from 0.4 sen.

Quarterly revenue rose 26.74% year-on-year to RM170.27 million from RM134.35 million, driven by higher contributions from the property development and hotel divisions.

The stellar quarterly earnings propelled the group’s full-year earnings to RM116.37 million, a jump of 82.36% compared with RM63.82 million in FY2024. This is also the group's highest since FY2015 when it recorded a net profit of RM169.22 million.

The group also posted a record full-year revenue of RM629.39 million, up 23.03% from RM511.56 million in FY2024, with contributions from both the property and hotel divisions.

For the fourth quarter, the property development division’s revenue increased 36% to RM104.3 million from RM76.7 million in 4QFY2024, lifted by higher sales from ongoing projects.

The hotel operations’ revenue also increased by 14.81% to RM65.1 million, from RM56.7 million in 4QFY2024, driven by higher hotel business, particularly from Holiday Villa Resort & Beachclub Langkawi.

The administrative expenses, meanwhile, fell 23.2% year-on-year to RM44.6 million from RM58.07 million.

No dividend was declared for the quarter under review.

Looking ahead, Plenitude flagged that the extension of the sales and service tax on construction work services is expected to impact the property sector by exerting upward pressure on building costs.

Meanwhile, the hotel division is expected to remain resilient, supported by its positive performance and further uplifted by the Visit Malaysia 2026 campaign, it said.

Plenitude’s share price closed at RM1.52 on Tuesday, giving the group a market capitalisation of RM579.93 million.

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