Tropicana Narrows Net Loss to RM118.83 Million, Debt Reduction Strategy Strengthens Outlook
PETALING JAYA, Feb 27 — Property developer Tropicana Corporation Berhad reported a net loss of RM118.83 million for the financial year ended December 31, 2025, marking a significant improvement of 43 percent compared with a net loss of RM208.52 million the previous year.
Despite remaining in the red, the improved performance reflects the company’s ongoing efforts to reduce debt and monetise assets.
The group’s annual revenue increased by six percent to RM1.5 billion.
The growth was supported by stronger construction progress across key developments in the Klang Valley as well as southern and northern regions.
At the same time, Tropicana reduced its financial costs by 19.7 percent to RM140 million from RM174.34 million previously.
The reduction was driven by the company’s debt management strategy.
However, the group recorded a net loss of RM56.23 million in the fourth quarter.
This contrasts with a net profit of RM211.93 million recorded in the same period a year earlier.
The company said the previous year’s stronger performance was supported by one-off gains, including land disposals and the sale of Tropicana Gardens Mall.
The absence of recurring income from the mall affected quarterly results.
Quarterly revenue declined by 9.7 percent to RM478.48 million from RM529.73 million.
Slower project billing also contributed to the lower revenue.
Despite this, Tropicana remains confident about its future prospects.
The group has ongoing and upcoming projects with a combined gross development value exceeding RM7.5 billion.
Unbilled sales of RM2 billion are expected to support future earnings visibility.
The company said its financial position has strengthened following successful debt reduction initiatives.
Tropicana is also focusing on an asset-light strategy to drive long-term growth.
The approach allows the group to prioritise core property development efficiently.
The company reaffirmed its commitment to sustainable growth and financial discipline.
-wilayah.com.my
