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- EcoWorld said FY2025 sales surpassed its original target by 30% and exceeded FY2024’s previous high by 12%.
PETALING JAYA (Dec 10): Eco World Development Group Bhd reported a net profit of RM445.3 million for FY2025, up 44.3% from RM303.54 million a year earlier, mainly driven by stronger sales across all market segments and improved margins.
The group also exceeded its full-year sales target, closing the financial year with a record RM4.55 billion in sales.
According to its exchange filing today, EcoWorld said FY2025 sales surpassed its original target by 30% and exceeded FY2024’s previous high by 12%.
Iskandar Malaysia contributed the largest share at RM2.27 billion, or 50% of total sales, followed by the Klang Valley at 39% and Penang at 11%.
The group’s revenue pillars continued to perform strongly in FY2025. Eco townships recorded RM1.89 billion in sales, with 81% coming from upgrader homes priced above RM650,000.
Eco Rise contributed RM771 million, driven largely by its duduk apartments, which have sold over 6,800 units since their 2020 introduction.
Meanwhile, Eco Hubs registered RM664 million in sales as demand for commercial offerings such as shop offices, strata offices and retail units remained healthy.
The industrial segment, comprising Eco Business Parks and QUANTUM, saw combined sales of RM1.22 billion its fifth consecutive year of growth supported by industrial land deals totalling RM1.08 billion to multinational players including Microsoft Payments, Pearl Computing and Deye New Energy Technology.
EcoWorld’s profitability also strengthened, supported by higher margins. Revenue grew 30% year-on-year while gross profit expanded 52%, lifting the group’s gross profit margin to 31.6% from 27% in FY2024.
Future revenue remains high at RM4.89 billion, providing earnings and cash-flow visibility moving into the new financial year.
The group ended FY2025 with RM1.29 billion in operating cash flow and maintained a net gearing of 0.28 times, backed by RM2.28 billion in cash, deposits and short-term funds.
In line with its stronger results, EcoWorld declared a final dividend of two sen per share, bringing total dividends for FY2025 to seven sen.
Looking ahead, EcoWorld has raised its FY2026 sales target to RM4 billion, supported by new launches including Eco Business Park VII in Negeri Sembilan, Eco Business Park 8 in Johor, and Eco Radiance a new 870-acre township in Semenyih located near Eco Majestic and Eco Forest.
The group said these projects position it to capture growing demand across both industrial and residential segments.
EcoWorld also highlighted progress on its recurring income strategy, including the ongoing construction of a data centre at Eco Business Park V that will be leased to Pearl Computing.
Set for completion in 2H FY2027, the data centre is expected to anchor the group’s long-term plan to grow recurring income to 20%–30% of net profits.
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