Tropicana Corp posts RM1.25m net profit in 2Q on RM330.18m revenue

• The group said Bank Negara Malaysia’s recent 25-basis-point cut in the overnight policy rate is anticipated to create a more supportive environment for homebuyers and investors by reducing borrowing costs and improving housing affordability.

KUALA LUMPUR (Aug 28): Tropicana Corp Bhd reported a net profit of RM1.25 million for the three months ended June 30, 2025 (2QFY2025).

According to its bourse filing on Wednesday (Aug 27), quarterly revenue stood at RM330.18 million.

In a statement, the group attributed the results mainly to the completion of divestments involving several investment properties.

At the same time, the group noted that finance costs declined, in line with its ongoing strategy to lower debt levels through asset monetisation initiatives.

No dividend was declared for the quarter under review.

For the first half of FY2025 (1HFY2025), the group posted a net profit of RM2.56 million on revenue of RM590.54 million.

Looking ahead, Tropicana said the Malaysian property market is expected to remain stable with moderate growth in 2025, supported by projected price increases of between 2% and 5%, as forecast by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector (PEPS).

The group added that Bank Negara Malaysia’s recent 25-basis-point cut in the overnight policy rate is anticipated to create a more supportive environment for homebuyers and investors by reducing borrowing costs and improving housing affordability.

Tropicana highlighted that it continues to strengthen its market presence through ongoing and new developments with an estimated gross development value (GDV) of RM6.5 billion.

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.