IOI Properties posts higher FY2026 net profit of RM2.15bil

IOI Properties reported a significant increase in its net profit for the financial year ended June 30, 2026, reaching RM2.15 billion, up from RM1.06 billion in the previous year. The company's revenue also grew by 45% to RM4.44 billion, from RM3.06 billion in FY2025. The strong performance was attributed to a RM502.8 million remeasurement gain from its South Beach, Singapore property, and robust growth across its property development, property investment, and hospitality and leisure segments.

The property development segment saw a 35% growth, the property investment segment experienced a 49% increase, and the hospitality and leisure segment grew by 79%.

The company's success was driven by the recognition of land sales in Jalan Ampang, Kuala Lumpur and Melaka for the property development segment, the higher physical occupancy at IOI Central Boulevard Towers, and the addition of South Beach Tower in the property investment segment. For the fourth quarter of 2026, the company's net profit decreased to RM523.11 million, while revenue increased to RM1.38 billion, primarily due to improved performance across all segments.

IOI Properties' CEO, Lee Yeow Seng, highlighted the company's strategy to diversify income streams, capitalize on industrial demand, roll out market-driven products, and enhance productivity and efficiency across its three core business segments. Despite global economic headwinds and geopolitical risks, the group remains cautiously optimistic about its financial performance for FY2027, driven by strong demand for the company's diversified product offerings in property development and the growing contribution from the property investment segment.

The company declared an interim dividend of eight sen and a special dividend of eight sen, totaling 16 sen for FY2026.