KSL posts record 4Q profit and revenue, proposes 10 sen dividend

KUALA LUMPUR (March 2): KSL Holdings Bhd (KL:KSL) closed 2025 on a strong note, delivering record fourth-quarter results with net profit surging 66.4% to RM258.41 million from RM155.25 million a year earlier.

The earnings for the quarter ended Dec 31, 2025 (4QFY2025) were lifted by a near doubling of other income to RM131.14 million from RM68.37 million previously. This was mainly driven by fair value adjustments, which more than doubled to RM112.4 million.

Excluding one-off items, core net profit rose 46.5% to RM127.27 million, according to the group's bourse filing on Friday.

Quarterly revenue climbed 41.1% yer-on-year to RM548.66 million from RM388.91 million, driven by the higher revenue recognition from ongoing projects.

KSL proposed a final dividend of 10 sen per share, higher than the eight sen declared in FY2024.

For the full year, the Johor-focused property developer’s net profit increased 11.4% to RM526.02 million from RM472.08 million in FY2024, while revenue rose 10% to RM1.51 billion from RM1.38 billion.

On its prospects, KSL said ongoing support measures such as the Housing Credit Guarantee Scheme and targeted tax incentives continue to bolster demand, particularly among first-time buyers and within the affordable housing segment.

It added that construction and preparatory works for the Johor Bahru–Singapore Rapid Transit System (RTS) are progressing steadily, strengthening regional connectivity and supporting property market sentiment in growth corridors.

Overall, the group described the fourth quarter as closing the year on a stable and encouraging note, positioning the group for sustainable growth into 2026.

Shares in KSL closed down 12 sen or 3.7% at RM3.09 on Friday, valuing the group at RM3.38 billion. Over the past year, the stock has gained 90.7%.

Unlock Malaysia’s shifting industrial map. Track where new housing is emerging as talents converge around I4.0 industrial parks across Peninsular Malaysia. Download the Industrial Special Report now.