Radium records higher revenue and profit in 1QFY2026, driven by Klang Valley development progress

KUALA LUMPUR, (May 22): Radium Development Bhd yesterday announced its financial results for the first quarter of the financial year ending Dec 31, 2026 (1QFY2026), reflecting continued progress across its core property developments and the advancement of its longer-term diversification initiatives.

For the quarter ended March 31, 2026, the Group recorded revenue of RM70.8 million, compared to RM40.0 million in 1QFY2025. Profit after tax (PAT) increased to RM6.1 million, from RM2.6 million in the previous year’s corresponding quarter, stated its media release.

The improvement in revenue was attributable to progress across key property developments, including Suite Canselor @ Ampang, Vista Adesa and Radium Adesa @ Sungai Besi, and Radium Arena @ Old Klang Road.

The Group maintained a gearing ratio of 0.65 times as at 31 March 2026, supported by shareholders’ funds of RM836.3 million. This financial position provides continued flexibility as the Group progresses both its ongoing developments and future pipeline.

Radium’s development pipeline for this year comprises:

*Vista Adesa & Radium Adesa @ Sungai Besi — Estimated GDV: RM982 million
*Radium Arena @ Old Klang Road — 988 suite apartments; estimated GDV: RM505 million
*Joint venture project, Kepong — Targeted for launch in 3Q2026; estimated GDV: RM400 million
*Maiden Selangor project, Pandan Indah — Targeted for launch in 4Q2026; estimated GDV: RM500 million
*Cheras land acquisition — strategic landbank addition acquired in 2025 with an estimated GDV of RM2.54 billion, subject to development planning

Healthcare diversification

At an extraordinary general meeting (EGM) held on April 28, 2026, shareholders of the Group approved the proposed diversification of Radium’s principal activities to include hospital development and operations, general medical services, and other related healthcare activities, with the resolution carried by a substantial majority.

Radium Hospital @ Ayer Keroh is planned as a 140-bed tertiary care facility intended to serve Melaka residents and the wider southern corridor.

The hospital is located adjacent to the Melaka International Trade Centre and within 4 km of the PLUS Highway. The facility is targeted to commence operations by mid-2028.

“Our 1QFY2026 results reflect the progress of our ongoing developments in the Klang Valley, with revenue and profit both higher compared to the same period last year. We remain focused on the timely execution of our project pipeline and on maintaining the financial discipline that underpins our operations,” said group managing director Datuk Gary Gan Kah Siong.

“The approval by shareholders of our healthcare diversification proposal at the April EGM provides the basis for us to develop a complementary healthcare portfolio alongside our core property business. Radium Hospital @ Ayer Keroh represents the first phase of this planned portfolio. We will continue to evaluate further opportunities in a measured manner, subject to feasibility assessments and regulatory requirements,” he added.

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