EcoWorld’s 4Q YTD Profit Surges 44% To RM438 Million, Declares 2 sen Dividend
EcoWorld Development released its fourth quarter and 4Q YTD revenue, where for the current quarter revenue increased by 17.6% as compared to 4Q 2024, due to higher sales achieved and
full consolidation of Paragon Pinnacle’s financial results in the current quarter.
Paragon Pinnacle, the developer of Eco Grandeur and Eco Business Park V in the Klang Valley, was formerly a 60%- owned joint venture and became a wholly-owned subsidiary following the Group’s acquisition of the remaining 40% equity interest in the company on 18 February 2025.
Gross profit margin in 4Q 2025 was higher at 38.1%, compared to 4Q 2024 at 26.6%, mainly
attributable to higher realisation of cost savings of certain completed and near completion phases.
Overall, the Group recorded a total PAT of RM134.1 million in 4Q 2025, which is 60.8% higher
than the PAT of RM83.4 million achieved in 4Q 2024. The higher PAT recorded is due to the
reasons explained above.
Gross profit in 4Q YTD 2025 were higher than 4Q YTD 2024 by 29.8% and 51.6%, respectively, as a result of higher overall sales achieved by the Group, the full consolidation of Paragon Pinnacle’s results and the completion of the sale of 123 acres of industrial land at the QUANTUM Edge business park to Microsoft Payments (Malaysia) Sdn. Bhd. (“Microsoft Payments”) in 2Q 2025.
Gross profit margin improved to 31.6% in 4Q YTD 2025 from 27.0% in 4Q YTD 2024, due to the
higher gross profit margin from the abovementioned land sale as well as general cost savings
achieved and realised on several ongoing projects and certain completed phases.
The group’s 4Q YTD 2025 results also took into account various non-cash accounting gains/losses,
the net impact of which was RM15.1 million as disclosed in the second quarter Interim Financial
Report as at 30 April 2025.
The group’s share of results from its joint ventures in 4Q YTD 2025 was lower compared to 4Q
YTD 2024, mainly due to the reclassification of Paragon Pinnacle from a 60% joint venture to a
wholly-owned subsidiary with effect from 18 February 2025.
The group recorded a PAT of RM438 million in 4Q YTD 2025, which represents an
increase of 44% from the PAT of RM303.5 million recorded for 4Q YTD 2024.
The Board declared a final dividend of 2 sen per share, bringing total dividends declared for FY2025 to 7 sen per share, the highest to date for a financial year.
