KUALA LUMPUR: IOI Properties Group Bhd registered RM1.06 billion net profit for the financial year ended June 30 2025, down from RM2.06 billion in FY2024.
The company posted a marginal growth in revenue at RM3.06 billion for the year, up from RM2.94 billion previously.
The was underpinned by the robust performance of the Property Investment and hospitality and leisure segments, which registered significant growth of 46 per cent and 70 pe rcent respectively.
This mitigated the lower performance of the property development segment.
IOI Properties’ pre-tax profit dropped 37 per cent to RM1.45 billion, compared to the RM2.30 billion reported in the last financial year.
The softer performance was primarily attributable to lower fair value gains from investment properties and higher interest expense following the commencement of operations of IOI Central Boulevard Towers.
“Nonetheless, this performance demonstrates the group’s resilience in navigating economic fluctuations and business cycles,” IOI Properties group chief executive officer Lee Yeow Seng said in a statement today.
“Looking ahead, we remain confident that our diversified product offerings across three countries, sizeable recurring income stream from our established property investment portfolio, and the favourable outlook of the hospitality and leisure segment provides the group with a solid foundation for sustained earnings ahead,” he added.
IOI Properties declared a dividend of 8.0 sen for FY2025.
The property development segment achieved sales of RM1.81 billion for the year.
Local projects contributed RM1.62 billion, accounting for 89 per cent of total sales, while projects in China and Singapore contributed RM187.6 million, or 11 per cent of the total sales.
In Malaysia, sales were primarily driven by the Klang Valley region at RM946.8 million. This his was led by its thriving and matured developments namely IOI Resort City in Putrajaya and 16 Sierra in Selangor.
Meanwhile, the Johor region registered RM663.8 million in sales, contributed by our vibrant townships, Bandar Putra Kulai and Taman Kempas Utama.
"In addition to the noteworthy sales performance, the group’s completed inventories continued to trend downwards, reducing from RM1.92 billion to RM1.27 billionn over the last 12 months.
“The reduction was primarily attributed to the group’s concerted efforts in rolling out targeted marketing campaigns and strategic product positioning,” Lee said.
IOI Properties said the property investment segment continues to deliver strong performance, underpinned by stable recurring income from its investment properties, particularly IOI City Mall and IOI Mall Puchong.
Both IOI City Mall and IOI Mall Puchong registered a fair value gain of RM651.4 million and RM61.1 million respectively.
Source: KLSE Sceener
2025-08-26T16:00:00Z