UOA Development’s 4Q profit surges on revaluation gains

KUALA LUMPUR (Feb 25): UOA Development Bhd (KL:UOADEV) posted a 50.3% jump in fourth-quarter net profit, lifted by a sizeable revaluation surplus on its investment properties, despite weaker revenue from slower progress billings.

For the fourth quarter ended Dec 31, 2025 (4QFY2025), net profit rose to RM192.76 million from RM128.21 million a year earlier. Quarterly revenue, however, fell 25.6% to RM174.72 million from RM234.86 million.

The group said results contribution were mainly progressive recognition from ongoing projects, including Bamboo Hills Residences, a medical centre in Bangsar South, Aster Hill, and Duo Tower.

A revaluation surplus of RM169.2 million was booked on investment properties, sharply higher than RM44.24 million a year ago. Operationally, margins held steady, with gross profit at 35.48% versus 37.38% previously.

The board declared a final dividend of 10 sen per share, unchanged from last year, subject to shareholder approval at the upcoming annual general meeting.

For the full year, net profit surged 65% to RM474.04 million from RM287.3 million, while revenue climbed 23.6% to RM674.29 million from RM545.7 million, a bourse filing showed.

New property sales totalled RM672.9 million, driven by Bamboo Hills Residences, Duo Tower, Aster Hill, and Laurel Residence.

As of Dec 31, 2025, the group’s unbilled sales stood at RM656.5 million.

Looking ahead, the group said it continues to explore strategic land parcels to support long-term growth.

At Wednesday’s midday break, UOA Development's shares were flat at RM1.92, giving the company a market capitalisation of RM5.1 billion. The stock has gained 8.5% over the past year.

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