Johor Corporation (JCorp) and its group of companies delivered a stronger financial performance for the financial year ended 31 December 2025 (FY2025), recording higher revenue, profitability and asset growth as the group continues its transformation journey.
JCorp reported revenue of RM7.63 billion in FY2025, a 10% increase from RM6.96 billion recorded in FY2024.
Profit before tax (PBT) rose 45% to RM1.04 billion from RM718 million previously, while profit after tax (PAT) more than doubled to RM703 million.
The improved performance was driven mainly by growth across key business segments, particularly Wellness & Healthcare and Agribusiness, supported by stronger operational efficiency, cost discipline and improved contributions across its portfolio.
As at 31 December 2025, JCorp’s net assets increased to RM12.21 billion from RM11.76 billion a year earlier, while cash and cash equivalents strengthened to RM2.77 billion.
The group’s gross gearing ratio improved to 0.75 times, reflecting continued balance sheet resilience and prudent financial management.
JCorp’s total assets under management (AUM) also expanded to nearly RM30 billion, highlighting its growing scale as Johor’s principal development institution.
Johor Menteri Besar and JCorp Chairman Dato’ Onn Hafiz Ghazi said the results reflected the group’s strong fundamentals and the broader economic momentum in Johor.
He said JCorp would continue supporting Johor’s development agenda by attracting investments, creating quality employment opportunities and strengthening economic resilience.
Healthcare and Agribusiness Lead Growth
JCorp’s healthcare arm, KPJ Healthcare Bhd, remained the group’s largest revenue contributor, recording RM4.26 billion in FY2025, up 9% from the previous year.
KPJ’s PBT increased to RM563 million, supported by higher patient activities, operational improvements, lower financing costs and productivity gains.
The group also continued developing the KPJ Health System, integrating healthcare delivery, education, research and innovation.
Meanwhile, the agribusiness segment led by Kulim (Malaysia) Bhd and Johor Plantations Group Bhd (JPG) recorded revenue of RM1.76 billion, supported by favourable commodity prices and improved plantation efficiency.
The segment’s PBT surged to RM472 million, driven by stronger upstream earnings and ongoing operational improvements.
Property and Consumer Businesses Expand
JCorp’s Real Estate & Infrastructure division recorded revenue of RM1.33 billion, a 28% increase from FY2024, driven by stronger property development contributions through JLand Group.
The division continues to support Johor’s industrial expansion, economic corridors and integrated community developments.
Meanwhile, QSR Brands recorded revenue of RM3.85 billion, up 19% year-on-year, supported by the resilience of its food and restaurant businesses.
The group returned to profitability following a transformation programme focused on operational efficiency, digitalisation, customer experience enhancement and cost management.
JCorp said the FY2025 performance demonstrates progress in its transformation into a strategic institution focused on sustainable value creation and supporting Johor’s long-term economic growth.
