KUALA LUMPUR: Radium Development Berhad (KLSE: RADIUM) has posted a strong start to the financial year ending 2025, recording RM40 million in revenue for the first quarter (1Q FYE2025), marking a 45.3% increase from RM27.5 million in the same period last year. Profit before tax (PBT) edged up to RM4.1 million compared to RM3.9 million previously.
The solid financial performance was supported by contributions from ongoing projects including:
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Suite Canselor @ Ampang
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Vista Adesa
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Radium Adesa @ Sungai Besi
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Radium Arena @ Old Klang Road
As of 31 March 2025, Radium reported a cash position of RM231.1 million and a gross gearing ratio of 0.15 times, reflecting strong financial discipline.
Expanding Pipeline and Strategic Landbank Growth
The Group continues to build on its robust project pipeline, with notable developments such as:
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Vista Adesa and Radium Adesa @ Sungai Besi (Residensi Wilayah and suite apartments) — GDV: RM1 billion
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Radium Arena @ Old Klang Road — 988 units, GDV: RM518 million
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Upcoming JV in Kepong — GDV: RM400 million, launch targeted for 2H 2025
Radium has also strengthened its landbank with acquisitions in Cheras, Kuala Lumpur (GDV: RM2.54 billion) and Ampang, Selangor (GDV: RM470 million), ensuring a healthy pipeline for future developments.
Strategic Diversification into Healthcare
In a significant strategic shift, Radium announced plans to diversify into the healthcare sector. Through a wholly-owned subsidiary, the Group will develop a hospital in Melaka, aimed at establishing a recurring income stream to complement its core property development business.
Datuk Gary Gan Kah Siong, Group Managing Director of Radium, commented:
“Our first quarter results demonstrate sustained demand and the effectiveness of our strategic initiatives. The proposed hospital in Melaka marks a meaningful expansion into a new sector, aligned with our goal of building a resilient and sustainable business.”
Radium remains committed to expanding its footprint within the Klang Valley, exploring synergistic business opportunities, and maintaining prudent financial management as it pursues long-term growth.
