KLCCP Stapled Group delivered a steady performance for the second quarter ended 30 June 2026, recording a revenue of RM415.7 million compared to RM410.3 million last year. Profit after tax rose to RM203 million from RM200 million in the corresponding quarter.
The results were primarily driven by stable performance in the office segment and higher contributions from the retail and management services segments.
The Group declared a dividend of 9.30 sen per stapled security for the quarter, bringing the cumulative dividend for the first half of 2026 to 18.60 sen.
The retail segment, represented by Suria KLCC and the retail podium of Menara 3 PETRONAS, delivered stronger performance during the quarter, contributing RM143.7 million in revenue, an increase of 4.2% compared with the corresponding period last year. Profit Before Tax (PBT) also grew by 4.4% to RM114.3 million. This was further supported by Menara 3 PETRONAS retail podium achieving full occupancy, up from 97% in the corresponding quarter.
The second quarter also saw the mall welcome eight new tenants, including three flagship stores – Gentle Monster (South Korean designer eyewear brand), the largest flagship store in Malaysia, Marithe Francois Girbaud (French premium designer streetwear), and Boss (Green) first store in Malaysia (golf and activewear sportswear).
On the other hand, the hotel segment, represented by Mandarin Oriental, Kuala Lumpur (MOKUL Hotel), faced near-term challenges during the quarter. Performance remains subdued, weighed by the typically softer demand during this period and the ongoing room renovations, resulting in lower revenue at RM46.7 million and a loss before tax of RM2.2 million.
KLCCP said MOKUL Hotel is progressing well with the renovation of its serviced apartment, and the new product that will come on stream is expected to support performance in the second half of 2026, supported by a healthy pipeline of events and the year-end holiday season.
The office segment’s performance remained stable for the quarter, backed by the Triple Net Lease arrangement and long-term leases in the PETRONAS Twin Towers, Menara 3 PETRONAS, Menara ExxonMobil, and Menara Dayabumi. During the quarter, the Group successfully renewed the Menara ExxonMobil lease for another three years, with an improved rental rate that is expected to contribute positively to the Group’s performance over the long term. The segment recorded a revenue and PBT of RM146.7 million and RM122.9 million, respectively.
The management services segment, comprising facilities management and the car parking management services, saw revenue increase by 3.9% to RM99.5 million and a higher PBT of RM21.6 million compared to the previous quarter.
