Radium’s 2Q net profit rises 60.5% on contributions from ongoing projects

• The group also recorded a 39% year-on-year growth in revenue for the quarter under review, rising from RM30.63 million in the corresponding quarter to RM42.6 million for the quarter ended June 2025.

KUALA LUMPUR (Aug 20): Property developer Radium Development Bhd recorded higher earnings for the second quarter ended June 30, 2025 (2QFY2025), supported by contributions from its three ongoing projects—Suite Canselor, Residensi Desa Timur and Radium Arena.

In a bourse filing on Wednesday, the group reported a 60.5% year-on-year increase in net profit to RM785,000 in June 2025, compared with RM489,000 in the corresponding years quarter (June 2024).

The group also recorded a 39% year-on-year growth in revenue for the quarter under review, rising from RM30.63 million in the corresponding quarter to RM42.6 million for the quarter ended June 2025.

For the six months ended June 30, 2025 (6MFY2025), revenue rose 42% to RM82.6 million, compared with RM58.2 million a year earlier.

Looking ahead the Real Estate and Housing Developers’ Association reported improved sentiment in the second half of 2025, supported by government initiatives and anticipated post-festive consumer spending.  

For FY2025, the group’s performance will be primarily underpinned by its key development projects:

Residensi Desa Timur, comprising Residensi Wilayah and Suite Apartments, with a combined GDV of RM1 billion.

Radium Arena, a 988-unit suite apartment project launched in FY2024 along Old Klang Road, with a GDV of RM524 million, which has received encouraging market response.

Upcoming joint venture project in Kepong, scheduled for launch in 4QFY2025, with a potential GDV of RM400 million.

These projects form the core of the group’s near-term revenue pipeline and reflect its focus on high-density residential developments in prime locations.

In addition, the group is pursuing diversification to establish recurring income streams, notably through its entry into the healthcare sector with a planned hospital development in Melaka via a wholly-owned subsidiary. This marks a strategic expansion into healthcare-related property development, supporting long-term resilience.

Barring unforeseen circumstances, the group said it remains cautiously optimistic of prospects in FY2025, with performance expected to be driven by progress in ongoing projects and contributions from new launches, alongside disciplined execution and prudent cost management.

Does Malaysia have what it takes to become a Blue Zone, marked by health and longevity? Download a copy of EdgeProp’s Blueprint for Wellness to check out townships that are paving the path towards that.