Politics · Malaysia Bureau
IOI Properties swings to RM2.15bil net profit on strong revenue growth
The property developer reported a significant turnaround in full-year 2026 earnings, driven by a 45% surge in revenue to RM4.44 billion compared to the previous year's RM3.06 billion.
LSN Malaysia ·
IOI Properties Group has posted a net profit of RM2.15 billion for the financial year ended 2026, marking a substantial improvement in the developer's bottom line.
The Kuala Lumpur-listed company's revenue climbed to RM4.44 billion in FY2026, representing a 45% increase from RM3.06 billion in the preceding financial year. The strong topline performance reflects increased property sales and project delivery across the group's portfolio.
The improved earnings reflect IOI Properties' successful execution of its development projects and sustained demand within Malaysia's property sector. The group has been actively completing residential, commercial, and mixed-use developments across key locations in the country.
The financial results underscore the company's recovery momentum following market challenges in previous years. With stronger revenue generation and enhanced profitability, IOI Properties appears well-positioned to continue its growth trajectory in the property development sector.