IOI Properties Group Bhd (IOIPG) shares rose 2.26% to RM2.26 as of 12.01 pm today, supported by heightened market interest following the Group’s strong start to its financial year ending 30 June 2026. Trading activity remained brisk with 37.9 million shares exchanged, with buyers clustering at RM2.24 and sellers at RM2.26.
The stock opened at RM2.24 and recorded an intraday high of RM2.29 and a low of RM2.23. Its last traded price of RM2.26 reflects continued positive sentiment from investors.
IOIPG delivered an impressive set of results for 1Q FY2026, posting a 41% increase in revenue to RM968.7 million from RM687.9 million a year earlier. Profit before tax surged more than fivefold to RM753.6 million compared with RM133.7 million previously, while profit after tax jumped to RM664 million from RM69 million.
The exceptional performance was primarily driven by a RM502.8 million remeasurement gain following the completion of the South Beach acquisition, coupled with stronger contributions from its Property Development and Property Investment divisions.
Growth was strong across all core business segments. Property Development revenue grew 47% year-on-year, Property Investment rose 31%, while the Hospitality & Leisure segment expanded by 44%. Property Development sales reached RM473.6 million during the quarter, with Malaysian projects contributing RM384.2 million (81%) and China projects adding RM89.4 million (19%).
In Malaysia, the Klang Valley was the top contributor at RM243.4 million, supported by demand in the matured 16 Sierra township in Puchong South and the newly launched Senna Puteri township in Salak Tinggi, Sepang. Johor contributed RM141.7 million, driven by strong performance in the Bandar Putra Kulai and Taman Kempas Utama townships.
Group CEO Lee Yeow Seng said the results underscore the resilience of the Group’s core businesses and its strategic focus on both domestic and international developments.
“While global economic challenges may persist, the favourable interest rate outlook in Singapore and the positive momentum in the hospitality sector ahead of Visit Malaysia 2026 augur well for the Group. Barring unforeseen events, financial performance for the year is expected to remain satisfactory,” he said.
IOIPG’s strong quarterly performance, coupled with strategic acquisitions, continues to position the Group for sustained growth across its diversified property and hospitality portfolio — boosting investor confidence and supporting near-term share price momentum.
2025-11-25T16:00:00Z