For the third quarter ended 30 September 2025 (3Q2025), property developer Paramount Corporation recorded revenue of RM242.7 million, 11% lower compared to RM273.5 million in the same quarter last year. Despite the lower revenue, the Group achieved a 10% year-on-year increase in Profit Before Tax (PBT) to RM35.1 million from RM32.0 million previously.
The improved profitability was primarily driven by the investment & others segment, which reported higher contributions from its investment portfolio and hotel operations, alongside the absence of impairment losses that had impacted the prior year’s results.
The Group’s profit attributable to ordinary equity holders of the Company for 3Q2025 was RM25 million, 53% higher than RM16.4 million recorded a year ago mainly due to the redemption of the remaining outstanding perpetual securities in the third quarter of 2025.
The coworking segment recorded revenue of RM5.2 million in the third quarter of 2025 (3Q2024:
RM5.6 million), 8% lower year-on-year primarily due to the lower design-and-build revenue from
Scalable Malaysia. Despite the lower revenue, the segment recorded a 164% increase in PBT at
RM0.5 million (3Q2024: RM0.2 million) mainly driven by several design-and-build projects
undertaken by Scalable Malaysia that yielded higher profit margins.
The investment and others segment recorded revenue of RM9.0 million in 3Q2025, representing a
9% increase from RM8.3 million in 3Q2024 driven by all three business units—Dewakan (fine dining restaurant), the Mercure Kuala Lumpur Glenmarie hotel, and the education investment properties.
Supported by the higher revenue and the absence of impairment losses that were recognised in the previous year on tertiary education associates, the segment’s Loss Before Tax (LBT) narrowed
significantly to RM1.9 million, compared to RM8.0 million in 3Q2024.
In the third quarter of 2025, the property segment recorded revenue of RM229.8 million (3Q2024: RM260.1 million), with The Atera development in Selangor, Utropolis Batu Kawan development in
Penang and Bukit Banyan development in Kedah as the top three contributors. The property segment’s 3Q2025 PBT was 8% lower at RM36.5 million (3Q2024: RM39.8 million) as the impact of the lower revenue was partially mitigated by cost savings arising from the finalisation of certain
project costings
