KUALA LUMPUR: Eco World Development Group Bhd

(EcoWorld) booked RM3.84bil in sales over the first 10 months of its financial year ending Oct 31, 2025 (FY25), exceeding its full-year target of RM3.5bil.

“Our projects in Iskandar Malaysia remain the largest contributors to the group’s year-to-date sales with RM1.99bil achieved, followed by the Klang Valley at RM1.47bil and Penang at RM378mil,” president & CEO Datuk Chang Khim Wah said in a statement.

He noted that the residential segment continues to anchor the group’s performance, contributing RM2.08bil as at Aug 31.

Sales of landed residential homes under the Eco Townships pillar have already surpassed the group’s full-year sales in FY24, with RM1.39bil recorded in the first 10 months of FY25.

As at Aug 31, EcoWorld’s year-to-date sales of RM3.84bil were driven mainly by Eco Townships, which contributed RM1.39bil or 54% of total sales.

Eco Rise recorded RM690mil, while Eco Hubs contributed RM525mil, representing 14% of sales from the commercial segment.

Eco Business Parks added RM280mil, accounting for 32% from the industrial segment. In addition, QUANTUM contributed RM960mil to the overall sales performance.

In the third quarter ended July 31 (3Q25), EcoWorld’s net profit rose 25.8% to RM101.2mil, or 3.40 sen per share, lifting its nine-month net profit 41.4% higher to RM311.3mil, or 10.50 sen per share.

Quarterly revenue jumped 45% to RM761.9mil, lifting nine-month revenue by 34.6% to RM2.18bil.

EcoWorld’s future revenue stood at RM5.14bil as at Aug 31, 2025, underpinning the group’s earnings prospects and cash flow visibility.

As at July 31, its net gearing ratio was 0.53 times, supported by cash balances, including deposits and short-term funds, amounting to RM1.70bil.

“The group’s healthy financial position enables us to continue to reward our shareholders with a third interim dividend of 2 sen per share for 3Q25, bringing total YTD dividends declared to 5 sen per share,” Chang said.

He said the group’s strategic plans to grow its recurring income base are progressing well, with construction of the shell and core for the data centre to be leased to Pearl Computing Malaysia Sdn Bhd already underway and targeted for completion in the second half of FY2027.