Land & General's 2Q earnings jump on better showing by property, education segments

• Net profit for the group's second quarter ended Sept 30, 2025 (2QFY2026) stood at RM14.07 million, compared with RM2.17 million a year earlier, the property developer's bourse filing showed.

KUALA LUMPUR (Nov 21): Land & General Bhd (KL:L&G) reported a more than six-fold rise in quarterly net profit on Friday, on higher contributions from its property and education segments, as well as a higher share of results of joint ventures.

Net profit for the group's second quarter ended Sept 30, 2025 (2QFY2026) stood at RM14.07 million, compared with RM2.17 million a year earlier, the property developer's bourse filing showed.

Quarterly revenue jumped to RM132.83 million, from RM48.24 million previously.

No dividend was declared for the quarter.

Land & General said its property division’s operating profit increased by over four times to RM17.24 million, from RM4.04 million in 2QFY2025, as revenue more than tripled to RM119.34 million from RM36.82 million.

The education division posted an operating profit of RM4.6 million for the quarter, up 12% from RM4.1 million a year earlier, while revenue rose 18% to RM11.49 million from RM9.73 million. The improved performance was attributed to an increase in school fees and student enrolment.

The share of earnings of joint ventures improved to RM1.7 million, from RM655,000 previously.

For the six months ended Sept 30, Land & General's net profit jumped by four times to RM25.48 million from RM6.27 million in the previous corresponding period, as revenue surged to RM231.29 million from RM85.43 million.

Looking ahead, the group noted that its property division recorded an increase in unbilled sales to RM622.23 million as of end-September, providing strong earnings visibility for the near to mid-term.

In the second half of the financial year, the group plans to launch Laverra in Bandar Sri Damansara and Begonia in Sena Parc Senawang.

Land & General’s share price closed down half a sen or 3.33% at 14.5 sen, giving the group a market capitalisation of RM431 million.

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