Eco World Development Group Berhad has achieved a record sales performance for the first seven months of financial year 2026 (FY2026), securing RM3.28 billion in sales as at 31 May 2026.
The figure represents 82% of the group’s full-year sales target of RM4 billion, marking a new record for EcoWorld in terms of sales achieved within seven months of a financial year.
EcoWorld said the strong performance was driven mainly by contributions from its projects in Iskandar Malaysia, Johor, which accounted for RM1.66 billion or 51% of total sales.
The Central region, covering the Klang Valley and Negeri Sembilan, contributed RM1.45 billion or 44%, while projects in Penang’s Northern region contributed RM168 million or 5%.
The group said revenue and gross profit for the second quarter year-to-date (2Q YTD) FY2026 increased by 52% and 43% respectively compared with the same period last year.
The improvement was supported by the completion of three industrial land sales involving Eco Business Park I, QUANTUM Edge and Eco Business Park V, with a combined land area of 253.8 acres.
EcoWorld recorded a gross profit margin of 31.3% for 2Q FY2026, supported by strong contributions from ongoing developments, cost savings from completed phases and industrial land transactions.
Profit after tax (PAT) for the second quarter stood at RM138.0 million, representing a 6% increase compared with the same period last year.
For the first seven months of FY2026, PAT reached RM303.5 million, a 45% increase from 2Q YTD FY2025.
EcoWorld said its future revenue climbed to an all-time high of RM5.38 billion as at 31 May 2026, strengthening earnings visibility and cash flow prospects over the near and medium term.
The group’s financial position remained strong, with gross and net gearing ratios at 0.61 times and 0.22 times respectively as at 30 April 2026.
Cash balances, including deposits and short-term funds, stood at RM2.50 billion, providing the group with sufficient capacity to expand its business while maintaining prudent financial management.
EcoWorld President and Chief Executive Officer Dato’ Chang Khim Wah said the group remained resilient despite challenges including geopolitical tensions, global trade uncertainties and rising construction costs.
“Despite these challenges, it has been business as usual for EcoWorld. Our sustained sales growth demonstrates the resilience, breadth and depth of demand in the property sector,” he said.
He added that the group’s diversified revenue pillars have enabled EcoWorld to capture opportunities across residential, commercial and industrial segments.
Following the strong performance, EcoWorld’s Board of Directors declared a second interim dividend of 2 sen per share for the second quarter of FY2026.
This brings total year-to-date dividends declared to 4 sen per share, representing a 33% increase compared with the corresponding period in FY2025.
Chang said the group remained optimistic about its outlook, supported by strong sales momentum, record future revenue and a healthy balance sheet.
The company expects its current pipeline of projects and strong demand to continue supporting earnings growth and shareholder returns.
