Kuala lumpur: Eco World Development Group Bhd (EcoWorld) reported a significant increase in net profit, reaching RM438.07 million for the financial year ending October 31, 2025 (FY2025), compared to RM303.54 million in the previous year.
According to BERNAMA News Agency, the company’s revenue also saw a substantial rise to RM2.93 billion in FY2025 from RM2.26 billion the year prior. This growth was attributed to increased sales and the full consolidation of Paragon Pinnacle’s financial results in the fourth quarter. Additionally, the completion of the sale of 49.8 hectares of industrial land at the QUANTUM Edge business park in the second quarter of 2025 contributed to the revenue surge.
EcoWorld identified several key projects that played a role in the revenue increase. These included Eco Botanic, Eco Botanic 2, Eco Spring, Eco Tropics, Eco Business Park I, Eco Business Park II, and Eco Business Park III in Iskandar Malaysia, as well as Eco Majestic, Eco Forest, Eco Sanctuary, and Se.Duduk D’ Kajang in the Klang Valley.
In the fourth quarter of FY2025, the company’s net profit climbed to RM126.73 million from RM83.42 million, while revenue rose to RM750.78 million from RM638.45 million. Projects in Iskandar Malaysia made up RM2.27 billion or 50 percent of the group’s total sales, followed by the Klang Valley at 39 percent and Penang at 11 percent.
EcoWorld President and CEO Datuk Chang Khim Wah highlighted FY2025 as a record-breaking year, with sales of RM4.55 billion and a profit after tax of RM445 million. The company also declared total dividends of 7.0 sen per share, marking the highest ever achieved in a single financial year. The group’s balance sheet showed robust growth with future revenue forecasted at RM4.89 billion, ensuring clear earnings and cashflow visibility.
Looking forward, EcoWorld has set an increased annual sales target of RM4.0 billion for FY2026. This will be driven by new projects including Eco Business Park VII in Negeri Sembilan, Eco Business Park 8 in Kulai, Johor, and Eco Radiance, a new township in the Klang Valley located in Semenyih, Selangor.
On recurring income, Chang mentioned that the construction of a data centre shell and core in Eco Business Park V, to be leased to Pearl Computing Malaysia Sdn Bhd, is progressing well. The completion of this project in the second half of FY2027 is expected to provide substantial fixed rental income, contributing to the group’s goal of growing its recurring income base to about 20 to 30 percent of net profits over time.