Eco World Development Group Bhd (EcoWorld) has surpassed RM5 billion in sales for the first time after securing a RM1.01 billion agreement with Tera Data Centers (Malaysia) Sdn Bhd, extending its sales momentum beyond the group’s original FY2026 target of RM4 billion.
In its latest financial results announcement, the property developer said it had already exceeded its full-year sales target within the first 10 months of FY2026, recording RM4.05 billion in sales as at Aug 31.
Including the agreement signed with Tera Data Centers on Sept 22, the group’s total sales have reached approximately RM5.06 billion.
EcoWorld said residential properties remained a major contributor to its sales performance, generating RM2.3 billion and accounting for 57% of total sales recorded up to Aug 31.
Its Eco Townships division achieved RM1.60 billion in sales, an increase of 15% compared with the corresponding period last year.
Eco Botanic 3, the group’s newest township in Iskandar Malaysia, emerged as the largest contributor within the division, generating RM565 million in sales.
The performance highlights continued demand for EcoWorld’s residential developments alongside its expanding industrial and commercial property activities.
EcoWorld recorded profit after tax (PAT) of RM120.8 million for the third quarter of FY2026, representing a 20% increase from the corresponding quarter last year.
Quarterly revenue and gross profit increased by 28% and 19%, respectively, supported by the recognition of higher cumulative sales secured by the group.
Gross profit margin remained healthy at 27.2%.
For the first nine months of FY2026, EcoWorld’s PAT rose 36% year-on-year to RM424.3 million, reflecting stronger contributions from its development projects.
EcoWorld said its future revenue stood at RM5.01 billion as at Aug 31, supported by sustained property sales.
The substantial revenue pipeline is expected to provide earnings and cash flow visibility over the near to medium term as development projects progress.
The group also reported an improved balance sheet, with gross gearing and net gearing declining to 0.57 times and 0.21 times, respectively, as at July 31.
Cash balances, including deposits and short-term funds, stood at RM2.28 billion.
Meanwhile, EcoWorld’s board declared a third interim dividend of two sen per share, bringing total dividends declared for FY2026 to date to six sen per share.
This compares with five sen per share declared during the corresponding period of FY2025.
