IOI Properties Reports Massive Profit Growth, Boosted by Property Gains and Regional Contributions
PETALING JAYA, Feb 27 — Financial performance at IOI Properties Group Berhad improved significantly as its net profit surged more than sevenfold in the second quarter ended December 31, 2025, supported by strong investment property gains and regional business contributions.
Net profit for the quarter climbed to RM708.84 million compared with RM94.78 million recorded in the same period a year earlier.
Revenue also increased strongly by 42.8 percent to RM1.04 billion.
According to the company, the impressive performance was mainly driven by fair value gains of RM567.1 million from its investment properties.
Full ownership of Scottsdale Properties Pte. Ltd. also contributed to the improved results.
For the six-month period ended December 31, 2025, net profit rose sharply to RM1.37 billion compared with RM163.95 million previously.
Revenue during the period increased to RM2.01 billion, representing growth of 41.8 percent.
The property development segment remained a key driver of performance.
This included new income from the W Residence project, which began contributing in October 2025.
Improved property sales in Malaysia and China also supported overall growth.
To date, the group has recorded RM1 billion in property sales, representing half of its annual target of RM2 billion.
Malaysian projects contributed 80 percent of sales, followed by China at 14 percent and Singapore at six percent.
Meanwhile, the investment property, hospitality, and leisure segments also delivered positive performance.
Key contributors included the Sheraton Grand, which commenced operations in March 2025, and stronger earnings from JW Marriott Singapore South Beach.
Looking ahead, the company remains confident of sustaining strong performance throughout the remainder of the 2026 financial year.
This confidence is supported by stable occupancy rates and consistent income from major assets.
However, no dividend was declared for the quarter.
IOI Properties shares closed at RM3.45, down 12 sen, giving the group a market capitalisation of about RM19 billion.
-wilayah.com.my
