UOA Development more than doubles 3Q earnings as progress billings surge

• For the first nine months, the company racked up net profit of RM281.29 million, a 77% increase when compared to the same period in 2024. Cumulative revenue was RM499.57 million, up 61% year-on-year.

KUALA LUMPUR (Nov 26): UOA Development Bhd (KL:UOADEV) more than doubled its earnings in the third quarter thanks to a surge in progress billings while expenses remained largely steady.

Net profit for the three months ended Sept 30, 2025 (3QFY2025) was RM115.63 million, according to an exchange filing. Revenue for the quarter rose 54% year-on-on-year to RM217.3 million thanks to income from ongoing developments of a medical centre, two residences and an office tower.

No dividend was declared for the quarter under review. The property developer usually declares dividends in the middle of the year.

New property sales totalled RM564.6 million at the end of September, with Bamboo Hills Residences, Duo Tower, Laurel Residence and Aster Hill accounting for the bulk of transactions. Unbilled sales amounted to RM794.9 million.

For the first nine months, the company racked up net profit of RM281.29 million, a 77% increase when compared to the same period in 2024. Cumulative revenue was RM499.57 million, up 61% year-on-year.

Shares of UOA Development were barely lower and paused for the midday trading break at RM1.84, valuing the company at RM4.9 billion ahead of the results announcement on Wednesday.

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