KUALA LUMPUR, IOI Properties Group Bhd posted a net profit of RM1.06 billion for the financial year ended June 30, 2025 (FY25), a decline from RM2.06 billion in FY2024.
Revenue grew marginally to RM3.06 billion from RM2.94 billion a year earlier, supported by strong performances in the property investment and hospitality & leisure divisions, which recorded growth of 46% and 70% respectively. These gains helped offset weaker results from the property development segment.
Pre-tax profit fell 37% to RM1.45 billion, compared with RM2.30 billion previously, mainly due to lower fair value gains from investment properties and higher interest costs following the start of operations at IOI Central Boulevard Towers.
Group CEO Lee Yeow Seng said the results reflected the group’s resilience despite market challenges.
“Looking ahead, our diversified presence across three countries, solid recurring income from property investments, and the positive outlook for hospitality and leisure provide us with a strong foundation for sustainable earnings,” he said in a statement. The board declared a dividend of 8.0 sen for FY25.
The property development segment recorded sales of RM1.81 billion, with RM1.62 billion (89%) contributed by Malaysian projects and RM187.6 million (11%) from China and Singapore.
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In Malaysia, sales were led by the Klang Valley at RM946.8 million, driven by established developments such as IOI Resort City, Putrajaya and 16 Sierra, Selangor.
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The Johor region contributed RM663.8 million, supported by townships Bandar Putra Kulai and Taman Kempas Utama.
Completed inventories declined from RM1.92 billion to RM1.27 billion over the past year, thanks to targeted marketing and strategic positioning.
Meanwhile, the property investment segment continued to deliver stable recurring income, supported by IOI City Mall and IOI Mall Puchong, which recorded fair value gains of RM651.4 million and RM61.1 million respectively.
