PETALING JAYA: Eco World Development Group Bhd (EcoWorld) achieved RM2.06 billion sales in the first four months of Financial Year 2026 (FY2026), making up 52% of the sales target for the financial year.
Projects in the Central region (Klang Valley and Negeri Sembilan) contributed RM1.14 billion or 55% of the group’s total sales, followed by 39% from the Southern region (Johor) and 6% from the Northern region (Penang).
Revenue and gross profit for first quarter 2026 (Q1’26) – Nov 1 2025 to Jan 31 2026 – increased by 151% and 126%, respectively, compared to Q1’25, boosted by the completion of industrial land sales.
Profit after tax (PAT) was RM165.6 million, 106% higher than that posted in Q1’25.
EcoWorld’s future revenue increased to RM5.11 billion as at Feb 28, 2026, strengthening the group’s earnings prospects and cashflow visibility in the near and mid-term.
Gross and net gearing ratios as at Jan 31, 2026 were 0.63 and 0.17 times respectively, supported by cash balances (including deposits and short-term funds) of RM2.9 billion, an all-time high for EcoWorld.
In view of the group’s strong performance, the board of directors declared a first interim dividend of 2 sen per share in Q1’26, double the amount declared in Q1’25 of 1 sen per share.
President and CEO Datuk Chang Khim Wah said EcoWorld kicked off FY2026 strongly with RM2.06 billion sales recorded up to Feb 28, 2026, representing 52% of the group’s full year sales target of RM4 billion.
“This marks our highest-ever sales performance in just four months, exceeding the RM1.93 billion recorded in the same period of FY2025. Notably, the sales were achieved without any large-tract industrial lands sold in the current year, unlike the first four months of 2025 which had included RM960 million from sales of industrial lands to Microsoft Payments (Malaysia) Sdn Bhd and Pearl Computing Malaysia Sdn Bhd.
“RM1.14 billion or 55% of total sales were contributed by our projects in the Central region, which covers Klang Valley and Negeri Sembilan, 39% came from the Southern region (Iskandar Malaysia) and 6% from the Northern region (Penang),” he added.
Chang said the sales outperformance is a testament to the increasing breadth and depth of market penetration achieved by all their revenue pillars, which have enabled them to comprehensively serve buyers across every market segment.
“Our sizeable end-user and repeat customer following also contributed to the results achieved. This key competitive advantage was gained through years of ongoing value creation, community building and intentional placemaking, which thoughtfully considered the specific lifestyle needs, aspirations and business requirements of our customer base at each individual project.”
“The group’s residential homes contributed RM1.02 billion up to 28 February 2026, 51% higher than that recorded in the same period of FY2025. Eco Townships led the way with RM812 million sales, of which 89% was contributed by upgrader homes priced above RM650,000.
“Hi.Jau West @ Eco Botanic 3, our new township launched in 4Q 2025 in Iskandar Malaysia, was the largest contributor, with strong take-ups for its 1st and 2nd precincts comprising 2-storey garden terraces. These landed homes which are designed to serve young families and upgraders perfectly complement our upcoming launches of Chateau II luxury bungalows in Eco Botanic and Sa.Young 3 duduk apartments in Eco Botanic 2.”
Chang said the Eco Rise pillar contributed RM206 million sales, 64% of which came from their duduk apartments – this includes the recently launched 10th duduk parcel, Terra @ Eco Ardence in the Klang Valley.
Meanwhile, EcoWorld’s higher priced serviced apartments, namely SWNK Houze @ BBCC and se.ruma @ Eco Sanctuary, also recorded steady increases in take-up rates in the first four months of FY2026.
The company’s commercial segment saw a 12% sales increase vs the same period of FY2025, with RM298 million recorded by the Eco Hubs pillar, representing 15% of the group’s year-to-date sales.
The Sun Malaysia
