IOI Properties posts higher FY2026 net profit of RM2.15bil
Its revenue grew 45% to RM4.44 billion from FY2025’s RM3.06 billion.
IOI Properties reported a higher net profit of RM2.15 billion for the financial year ending June 30, 2026, compared to RM1.06 billion in the previous year, as disclosed in a filing with Bursa Malaysia. Revenue increased by 45% to RM4.44 billion from RM3.06 billion in FY2025. The company attributed its strong performance to a RM502.8 million remeasurement gain from South Beach, Singapore, alongside robust contributions from the property development, property investment, and hospitality and leisure segments.
For Q4 2026, the net profit decreased to RM523.11 million from RM823.93 million, while revenue surged to RM1.38 billion from RM890.20 million, driven by improved performance across all segments. The property development segment contributed to growth with land sales along Jalan Ampang in Kuala Lumpur and Melaka, while the property investment segment benefited from higher physical occupancy at IOI Central Boulevard Towers and the addition of South Beach Tower.
CEO Lee Yeow Seng highlighted the company's strategies to diversify income streams, capitalize on industrial demand, roll out market-driven products, and enhance productivity and efficiency across all segments. Despite global economic headwinds and geopolitical risks, IOI Properties remains cautiously optimistic about its financial performance in FY2027, driven by strong demand for diversified property development offerings and increasing contributions from the property investment segment. The company announced interim and special dividends of 8 sen each, totaling 16 sen for FY2026.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
