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- Net profit stood at RM25.02 million or 4.02 sen per share for the financial ended Sept 30, 2025 (3QFY2025), from RM16.39 million or 2.63 sen a year before, Paramount said in a bourse filing on Tuesday (Nov 18).
KUALA LUMPUR (Nov 18): Paramount Corp Bhd (KL:PARAMON) posted a 52.65% year-on-year (y-o-y) jump in net profit for 3QFY2025, driven by the redemption of the remaining outstanding perpetual securities.
Net profit stood at RM25.02 million or 4.02 sen per share for the financial ended Sept 30, 2025 (3QFY2025), from RM16.39 million or 2.63 sen a year before, Paramount said in a bourse filing on Tuesday (Nov 18).
Quarterly revenue fell 11.26% y-o-y to RM242.73 million in 3QFY2025, from RM273.53 million.
Paramount did not recommend any dividend for the quarter under review.
It paid RM1.17 million for the holder of private debt securities in 3QFY2025, a 74.14% drop from RM4.53 million paid a year before.
Revenue for its property segment for 3QFY2025 reduced by 11.64% to RM229.8 million, with the Atera development in Selangor, Utropolis Batu Kawan development in Penang and Bukit Banyan development in Kedah as its top three revenue contributors.
In line with the lower revenue, the segment’s profit before tax (PBT) was 8% lower at RM36.5 million in 3QFY2025, from RM39.8 million a year before.
The group’s co-working segment recorded 8% lower revenue at RM5.2 million due to lower design-and-build revenue from Scalable Malaysia. However, the segment PBT improved to RM500,000 from RM200,000 previously, driven by design-and-build projects undertaken by Scalable Malaysia that yielded higher profit margins.
Its investment and others segment recorded revenue of RM9 million in 3QFY2025, a 9% y-o-y increase from RM8.3 million, driven by all three business units—Dewakan (fine dining restaurant), the Mercure Kuala Lumpur Glenmarie hotel, and the education investment properties.
The segment’s loss before tax (LBT) narrowed significantly to RM1.9 million compared with RM8 million in 3QFY2024, supported by higher revenue and the absence of impairment losses that were recognised in the previous year on tertiary education associates.
The strong quarterly results also boosted Paramount’s nine-month earnings to RM61.22 million, up 26.68% y-o-y from RM48.33 million recorded in the same January-September period previously. Revenue for the period grew marginally by 2.07% y-o-y to RM693.11 million from RM679.08 million.
Paramount group chief executive officer Jeffrey Chew said the group will adopt a cautious and demand-driven approach for its pipeline launches for the remainder of this year.
“We continue to actively seek strategic land acquisitions in high-growth locations to support long-term sustainable growth,” he added.
As of Sept 30, 2025, the group’s undeveloped land stood at 332.2 acres with an additional 314.52 acres upon completion of two sale and purchase agreements that were entered into in July and August this year.
The group’s broad portfolio of properties available for sale was valued at RM1.7 billion while unbilled sales stood at RM1.6 billion.
On its co-working segment, Chew expects the segment’s financial performance to strengthen in the final quarter of 2025 with contributions from both Co-labs Coworkings and Scalable Malaysia.
“Co-labs Coworking’s newly opened space in KL Sentral, located in Malaysia’s largest integrated transit hub of KL Sentral in Kuala Lumpur, has achieved a good take-up rate within the first few months of opening.
“Furthermore, we anticipate occupancy to pick up across all Co-labs Coworking locations, and we are broadening our market reach beyond the Klang Valley with the launch of a new space in Mid Valley Southkey in Johor Bahru in the final quarter of this year,” Chew said.
For investment and other segments, Chew said the group is actively exploring monetisation opportunities across its portfolio of investments to enhance capital efficiency and maximise shareholder returns.
Shares of Paramount settled unchanged at RM1.04, giving the group a market capitalisation of RM648 million.
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