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- For the first nine months of FY2025, EcoWorld’s net profit rose 41.4% year-on-year to RM311.35 million.
PETALING JAYA (Sept 18): Eco World Development Group Bhd reported a net profit of RM101.17 million for the third quarter ended July 31, 2025, up 25.8% from RM80.44 million a year earlier, mainly driven by higher contributions from ongoing projects and land sales.
According to its exchange filing today, the property developer said revenue for the quarter came in at RM761.93 million, compared with RM878.2 million in the preceding quarter, as contributions in the earlier period were boosted by the sale of industrial land at the QUANTUM Edge business park to Microsoft Payments.
Despite the sequential drop, revenue was still supported by steady sales in its residential and industrial segments.
For the first nine months of FY2025, EcoWorld’s net profit rose 41.4% year-on-year to RM311.35 million.
Revenue for the same period increased 34.6% to RM2.18 billion, while gross profit climbed 45.1%, helped by cost savings across projects and the full consolidation of Paragon Pinnacle’s results. Gross profit margin also improved to 29.3% from 27.2% a year ago.
The group achieved RM3.84 billion in sales in the first 10 months of FY2025, surpassing its full-year target of RM3.5 billion. Iskandar Malaysia remained the largest contributor with RM1.99 billion in sales (52%), followed by the Klang Valley with RM1.47 billion (38%) and Penang with RM378 million (10%).
Residential projects continued to anchor EcoWorld’s results, recording RM2.08 billion in sales as at end-August 2025.
This included RM1.39 billion from Eco townships and RM690 million from the Eco Rise segment, which was boosted by strong demand for duduk apartments and SWNK Houze @ BBCC. EcoWorld also saw healthy momentum in its industrial and commercial projects: Eco Hubs contributed RM525 million in sales, while Eco Business Parks and QUANTUM brought in RM1.24 billion, already exceeding last year’s full-year industrial sales.
Backed by RM5.14 billion in future revenue and cash balances of RM1.70 billion, EcoWorld declared a third interim dividend of 2 sen per share, payable Oct 28, bringing total year-to-date dividends to 5 sen per share. The group posted earnings per share of 3.40 sen for the period.
EcoWorld president and CEO Datuk Chang Khim Wah said their strategic plans to grow their recurring income base are also progressing well.
“Construction of the shell and core for the data centre to be leased to Pearl Computing Malaysia Sdn Bhd has commenced and is targeted for completion in 2H FY2027.
“Upon completion, we expect the substantial rental income arising from this lease to anchor our recurring income base and further enhance the stability of the group’s revenue, profits and cashflow generation going forward,” he said in a 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.
