Mah Sing Group Bhd recorded profit after tax (PAT) of RM140 million for the first half of 2026 (1H26), largely steady against RM140.7 million a year earlier, while property sales grew 15% to RM1.32 billion, keeping the group on track to achieve its RM2.76 billion full-year sales target.
Revenue for the six-month period edged up 0.3% to RM1.22 billion, supported by continued property sales and progressive billings from ongoing developments.
For the second quarter ended June 30, 2026, PAT increased to RM72.5 million from RM71.4 million, while revenue climbed 16% to RM656.3 million from the corresponding quarter.
Property development remained Mah Sing’s core earnings driver, generating RM990.8 million in 1H26 revenue, up 2.8%, supported by projects including M Nova, M Zenya, M Azura, M Astra, M Legasi and Meridin East.
The group’s manufacturing segment also returned to profitability for the first time since FY20, driven by improved glove plant utilisation, higher average selling prices and cost optimisation initiatives.
Mah Sing maintained a healthy balance sheet with RM1.01 billion in cash and bank balances and net gearing of 0.39 times as at June 30, providing capacity to replenish its landbank and pursue new growth opportunities.
The group is also expanding its growth pipeline through the proposed RM617.9 million disposal of 78.8 acres at Mah Sing DC Hub @ Southville City and the acquisition of 14.38 acres in Ampang for M Araya, which carries an estimated gross development value of RM1.92 billion.
Founder and group managing director Tan Sri Leong Hoy Kum said Mah Sing remains confident of meeting its full-year sales target, while digital infrastructure is being developed as a second growth engine alongside its core property business.
