I-Berhad released its full-year and fourth quarter earnings today ( 20 Feb), where the group delivered profit before tax of RM77.1 million and PAT of RM55 million for FY2025. This marks a significant 90% jump in PAT from RM29 million registered in FY2024.
Notably, the group said the performance was achieved despite a measured operational strategy during the year, demonstrating its ability to generate substantial revenue and profitability from its existing developments and recurring income base.
For Q4FY2025, the Group recorded revenue of RM117.0 million, a 44% increase quarter-on-quarter, reflecting improved execution momentum across its core segments. The Property Development segment emerged as the primary growth engine, generating RM75.2 million in revenue compared to RM42.1 million in the preceding quarter. The increase was driven by accelerated construction progress and higher progressive billings from ongoing developments within i-City. Segmental PBT stood at RM13.1 million for the quarter, compared to RM16.1 million in Q3 FY2025, where the comparative quarter was boosted by the write-back of earlier project-related provisions no longer required following the completion of contractual deliverables.
The Property Investment segment delivered stable revenue of RM6.9 million, underpinned by consistent rental contributions from Mercu Maybank, the Group’s data centre and car park assets in i-City, as well as associate income from Central i-City Mall. Segmental PBT stood at RM3.7 million, maintaining a solid recurring income base that continues to provide earnings stability.
The Leisure and Hospitality segment continued its steady upward trajectory, recording revenue of RM33.8 million, up 6% quarter-on-quarter. Segmental PBT improved to RM7.0 million, supported by sustained visitor footfall and stable operating performance across i-City’s attractions, reinforcing the segment’s role in supporting the Group’s overall earnings resilience.
For FY2025, I-Berhad achieved total revenue of RM322.6 million and PBT of RM77.1 million, reflecting the effectiveness of its diversified earnings model. Property Development contributed RM172.3 million in revenue and RM39.5 million in PBT, demonstrating the Group’s ability to monetise its existing pipeline efficiently. Property Investment delivered RM26.8 million in revenue and RM19.1 million in PBT, underscoring the Group’s growing recurring income contribution. The Leisure and Hospitality segment recorded RM120.6 million in revenue and RM20.9 million in PBT, providing stable cash flow support and enhancing earnings sustainability.
Looking ahead, the Group remains cautiously optimistic on its prospects, supported by Malaysia’s stable economic outlook, ongoing urbanisation trends, and continued demand for integrated, technology-enabled townships. .
