IOI Properties Group reports 13.7% revenue growth in 4Q, announces 8 sen dividend

• The notable improvement was supported by stronger performance in the property development segment and the Group’s strategic expansion into the hospitality & leisure segment.

KUALA LUMPUR (Aug 27): IOI Properties Group Bhd’s net profit for the fourth quarter ended June 30 (4QFY2025) stood at RM823 million.

In a bourse filing on Wednesday, revenue rose 13.7% to RM890 million, up from RM782 million in the corresponding quarter of the previous year (June 2024), due to improved performance across all segments.

The group declared a single-tier dividend of 8 sen per share for the quarter under review, up from 5 sen a year ago, payable on Sept 25.

Net profit for the full financial year stood at RM1.06 billion. Revenue rose 4.1% to RM3.06 billion, up from RM2.94 billion.

The notable improvement was supported by stronger performance in the property development segment and the Group’s strategic expansion into the hospitality & leisure segment, highlighted by the acquisition of IOI Mall Damansara in Petaling Jaya, Selangor, and Courtyard by Marriott Penang (hotel), as well as the commencement of operations at Sheraton Grand Hotel, Xiamen in China.

During 4QFY2025, the Group recorded a fair value gain of RM915.6 million on investment properties, primarily driven by the sustained strong performance of IOI City Mall in Sepang, and IOI Mall Puchong—both in Selangor—supported by effective asset management and operational efficiency.

In a statement on Tuesday, the group said in FY2025, the property development segment achieved sales of RM1.81 billion. Local projects contributed RM1.62 billion, accounting for 89% of total sales, while projects in China and Singapore contributed RM187.6 million, or 11% of total sales. 

In Malaysia, the group added, sales were primarily driven by the Klang Valley region at RM946.8 million, led by the Group’s matured developments, namely IOI Resort City in Putrajaya and 16 Sierra in Selangor. Meanwhile, the Johor region registered RM663.8 million in sales, contributed by the Group’s townships, Bandar Putra Kulai and Taman Kempas Utama.

Prospects

Moving into FY2026, the Group recognises that the global business environment and trade uncertainties may continue to persist. Nevertheless, it expects to benefit from the declining trend in interest rates. 

“We remain confident that our diversified product offerings across three countries, sizeable recurring income stream from our established property investment portfolio, and the favourable outlook of the hospitality & leisure segment will provide the Group with a solid foundation for sustained earnings ahead,” said IOI Properties group CEO Lee Yeow Seng (pictured) in the statement.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.