Eco World Development Group Berhad (EcoWorld Malaysia) has achieved RM2.99 billion in sales over the first seven months of its financial year ending 31 October 2025 (FY25), reaching 85% of its full-year sales target. The robust performance underscores continued market confidence in the developer’s residential and industrial offerings.
In a statement, EcoWorld Malaysia highlighted that developments in Iskandar Malaysia contributed RM1.67 billion or 56% of total group sales. Projects in the Klang Valley and Penang accounted for 34% and 10% respectively.
For the second quarter ended 30 April 2025 (2Q25), EcoWorld Malaysia reported a significant surge in net profit to RM129.83 million, compared to RM70.05 million in the corresponding period last year. Quarterly revenue also rose sharply to RM878.20 million from RM555.76 million previously.
The group’s performance over the six-month period ended 30 April 2025 continued this strong trajectory, with net profit rising to RM210.18 million from RM139.68 million a year ago. Revenue increased to RM1.42 billion, up from RM1.09 billion in the same period last year.
As at 30 April 2025, EcoWorld Malaysia’s net gearing stood at 0.55 times, supported by a strong cash position. The group reported cash balances, including deposits and short-term funds, totalling RM1.76 billion—a record high.
EcoWorld Malaysia also declared a second interim dividend of two sen per share during 2Q25, bringing total dividends declared to date for FY25 to three sen per share.
The group’s industrial segment continues to show exceptional momentum. Sales under the Eco Business Parks and Quantum pillars reached RM1.20 billion as at 31 May 2025, already surpassing the full-year industrial sales of RM1.11 billion recorded in FY24. The strong performance has driven future revenue to RM5.22 billion, with additional cash inflows of over RM1 billion anticipated from the balance of five large-tract industrial land sales secured in FY24 and FY25.
Meanwhile, Eco World International Berhad (EWI), which focuses on property development in the United Kingdom and Australia, returned to profitability in 2Q25. EWI posted a net profit of RM2.28 million, reversing a net loss of RM14.13 million in the same quarter last year.
According to its Bursa Malaysia filing, the profit was largely attributed to a higher share of profits from its joint venture with EcoWorld-Ballymore, following a favourable product mix with stronger profit margins.
EWI recorded no revenue during the quarter as all residential units in its Australian projects—West Village and Yarra One—were fully sold in FY24, leaving only one commercial unit unsold.
For the six months ended 30 April 2025, EWI reported a narrowed net loss of RM1.46 million, compared to RM13.95 million a year earlier. The group is currently evaluating market conditions and development feasibility for its remaining sites in the UK and Australia before proceeding with any new launches.
-The Star
