Glomac Bhd returned to the black in the first quarter ended July 31, 2026 (1Q27), posting a profit after tax (PAT) of RM7.2 million as stronger contributions from its property development business lifted revenue sharply.
The property developer reversed a RM1.5 million loss recorded in the corresponding quarter a year earlier, representing an RM8.7 million turnaround in its bottom line.
Quarterly revenue surged to RM68.5 million from RM26.1 million previously, driven mainly by higher contributions from the property development segment.
The improved performance marks a stronger start to Glomac’s financial year as the group continues to execute ongoing developments and prepares for planned launches.
Glomac said its outlook remains supported by a healthy development pipeline and encouraging progress across key projects, alongside its presence in the construction and retail sectors.
The group said it remains optimistic about its growth trajectory, with management focusing on prudent cost management, close monitoring of market conditions and disciplined project execution.
It added that these measures would underpin efforts to sustain growth and deliver long-term value to shareholders.
