I-Berhad announced its second-quarter financial results, recording a revenue of RM62.30 million and a profit before tax of RM14.26 million. Profit after tax was also better with more than doubling to RM11 million compared to RM5 million in the preceding year’s quarter.
The performance was driven by solid performance across its core business segments—Leisure & Hospitality, Property Development, and Property Investment. Cumulatively, for the first half of FY2025, revenue stood at RM124.35 million and PBT at RM26.62 million.
Recurring income segments, comprising Property Investment and Leisure & Hospitality, contributed 67% of total PBT for 1H FY2025, underscoring the Group’s strategic pivot toward stable, asset-backed earnings.
The Leisure & Hospitality segment remained the largest revenue generator for the second consecutive quarter, contributing RM28.60 million in revenue and RM4.77 million in PBT—a 61% increase from the preceding quarter. Key drivers included WynSnow at Wyndham Suites KLCC and strong performances from the DoubleTree by Hilton i-City and Wyndham Garden i-City hotels, supported by increased foot traffic during the Hari Raya and school holiday periods.
The Property Development segment delivered RM26.64 million in revenue and RM5.66 million in PBT, driven by steady sales and construction progress at BeCentral Residences Towers 1 & 2. As of 30 June 2025, unbilled sales stood at RM90.36 million, providing strong earnings visibility.
The Property Investment segment continued to provide stable returns, contributing RM6.45 million in revenue and RM4.79 million in PBT. Performance was supported by high occupancy and yield optimisation at Mercu Maybank and Central i-City Mall, alongside higher car park revenue and evolving tenant strategies.
