FINANCIAL HIGHLIGHTS & INSIGHTS KEY FINANCIAL HIGHLIGHTS FOR FINANCIAL YEAR ENDED 31 DECEMBER 2025 Total sales RM651.7 million and high unbilled sales of RM1,964.0 million GROUP FINANCIAL REVIEW FY2025 RM’000 FY2024 RM’000 Revenue 1,500,977 1,407,571 Loss before tax (12,858) (117,125) Loss attributable to owners of the parent (118,825) (208,515) The Group concluded FY2025 with total revenue of RM1,501.0 million, representing a 6.6% increase from RM1,407.6 million recorded in FY2024. The growth in revenue was primarily attributable to the completion of divestments of several landbanks during the financial year. Robust sales across both new and ongoing projects, alongside continued revenue recognition from unbilled sales, has also contributed to improved performance in the property development and property management segments for FY2025. The Group recorded a lower loss before tax (“LBT”) of RM12.9 million and a loss attributable to owners of the parent of RM118.8 million in FY2025 on the back of the increased progress billings across our key projects. Higher losses in the previous financial year mainly arose from the recognition of one-off losses on the disposal of Tropicana Gardens Mall amounting to RM254.5 million which partially offsetted by a one-off gain of RM161.8 million from the disposal of an associate company. The decline in finance costs incurred also contributed to better earnings during the year, in line with the Group’s strategy to reduce its overall debt level through asset monetisation. With unbilled sales of RM2.0 billion and strategic initiatives to unlock the value of 1,349.7 acres of prime land with a potential gross development value of approximately RM102.6 billion, the Group is expected to remain on track to register positive earnings in the coming years. During FY2025, the Group achieved property development sales of RM651.7 million, underpinned by improved market sentiment and a recalibrated sales strategy designed to address prevailing challenges and evolving consumer preferences. This performance sustained the Group’s unbilled sales at RM1,964.0 million as at 31 December 2025, thereby providing strong earnings visibility and supporting sustainable financial performance in the years ahead. The Group continues to prioritise the alignment of new project launches with current market demand and optimal timing, while concurrently executing initiatives to reduce inventory levels in completed developments. 73
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