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- On its diversification into healthcare, the group said its 140-bed tertiary hospital in Ayer Keroh, Melaka—formerly known as A Famosa Specialist Hospital—is set to open by mid-2028 to serve tier-two cities and support medical tourism.
KUALA LUMPUR (Nov 13): Radium Development Bhd (KL:RADIUM) has reported a net profit of RM94.24 million for the third quarter, a sharp increase from RM4.81 million a year earlier, mainly due to a one-off gain of RM123.7 million from a land settlement deal with the Kuala Lumpur City Hall (DBKL).
Revenue for the three months ended Sept 30, 2025 (3QFY2025) slipped 7% to RM45.06 million from RM48.45 million, reflecting progress across key developments, including Suite Canselor @ Ampang, Vista Adesa, Radium Adesa @ Sungai Besi, and Radium Arena @ Old Klang Road, according to the group in a bourse filing on Thursday.
The group declared an interim dividend of one sen per share, payable on Dec 12.
On the deal with DBKL, Radium said in a separate filing that it has signed a settlement agreement with the Kuala Lumpur mayor to formalise DBKL’s acquisition of a piece of land in Kuala Lumpur, referred to as Lot 810, for RM206.66 million. DBKL gave its consent to the settlement on Thursday.
The agreement, dated June 25, gives effect to the acquisition under Section 47(3) of the Federal Territory (Planning) Act 1982.
Radium noted that the settlement stems from an order by the Court of Appeal, reaffirmed by the Federal Court on June 21, 2023, to acquire Lot 810—a property under development by its 80%-owned subsidiary Pavilion Integrity Sdn Bhd.
Radium said that for FY2025, the group's performance is expected to be primarily driven by its key development projects, including ongoing projects at Residensi Desa Timur, comprising Residensi Wilayah and Suite Apartments components, with a combined estimated gross development value (GDV) of RM1 billion.
The group said Radium Arena, a newly launched 988-unit suite apartment in Old Klang Road in FY2024, with an estimated GDV of RM506 million, has garnered encouraging market responses since launch.
On its diversification into healthcare, the group said its 140-bed tertiary hospital in Ayer Keroh, Melaka—formerly known as A Famosa Specialist Hospital—is set to open by mid-2028 to serve tier-two cities and support medical tourism.
“While healthcare represents an important diversification, Radium remains fundamentally a Kuala Lumpur-centric property developer," said group managing director Datuk Gary Gan Kah Siong.
"Our ongoing projects and recent land acquisitions in the Klang Valley continue to underpin our core business and future growth. This hospital development complements our vision of creating integrated and sustainable communities that meet both immediate and future needs.”
Radium added that subject to feasibility studies and regulatory approvals, its healthcare arm may expand to other strategic locations in the coming years, reflecting a longer-term commitment to growing the healthcare portfolio in a measured and sustainable manner.
Radium shares closed unchanged at 50 sen on Thursday, valuing the group at RM1.73 billion. Year to date, the stock has remained largely flat.
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