PETALING JAYA: SkyWorld Development Bhd recorded a 27% year-on-year increase in revenue to RM137.1 million for the third quarter ended Dec 31, 2025, supported by stronger contributions from its ongoing residential projects.
The main contributors during the quarter were Curvo Residences and Vesta Residences, which collectively accounted for 75% of total revenue. New launches including SkyAman 1 Residences, SkyAwani PR1MA Residences, SkyAwani 6 Residences and SkyAwani Pearlmont Phase 1 further lifted sales momentum.
Gross profit rose 4.2% to RM44.5 million, translating into a profit after tax and minority interest (PATAMI) of RM13.4 million for the quarter.
For the cumulative nine-month period, the group posted revenue of RM298.3 million, with gross profit and PATAMI of RM102.4 million and RM24.2 million respectively.
Unbilled sales stood at RM1.1 billion as at Dec 31, 2025, representing an 83.8% increase from RM589.0 million recorded three months earlier, strengthening earnings visibility.
As at end-December 2025, the group’s net gearing ratio remained low at 0.3 times.
Chief executive officer Lee Chee Seng said the increase in unbilled sales supports the group’s target of achieving cumulative gross development value (GDV) of RM4.6 billion by end-2026, of which RM2.8 billion has been launched since listing.
The group is also expanding into Penang, with development plans submitted and construction targeted to commence next quarter.
Lee said SkyWorld remains cautiously optimistic despite global economic volatility, supported by its project mix and operational flexibility.
 The Sun Malaysia
