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- Company proposes first interim dividend for the financial year ending March 31, 2026.
KUALA LUMPUR (Nov 21): SkyWorld Development posted revenue of RM86.7 million, marking a 16.2% quarter-on-quarter rise from the preceding quarter’s RM74.6 million.
According to a media release by the company, for the quarter under review, SkyWorld posted revenue of RM86.7 million, marking a 16.2% quarter-on-quarter rise from the preceding quarter’s RM74.6 million. In line with the higher revenue, profit before tax (PBT) grew 71.1% to RM9.6 million while profit after tax (PAT) rose twofold, reaching RM7.9 million.
The company’s strong financial performance was predominantly attributed to higher progressive revenue recognised from Vesta Residences and revenue from newly launched project SkyAman 1 Residences located at Cheras, Kuala Lumpur.
The new launch during the period bolstered SkyWorld Development’s unbilled sales to RM589 million as of Sept 30, 2025, up 21.9% from the RM483.1 million recorded as at end June 2025, underscoring the developments’ appeal and rapid conversion of buyer interest into sales, stated the company.
For the cumulative 6-month period, revenue was RM161.3 million, while PBT and PAT were RM15.2 million and RM10.8 million, respectively.
The Board of Directors has proposed a first interim dividend of 0.22 sen per share on 1.0 billion ordinary shares for the financial year ending March 31 ,2026, amounting to RM2.2 million. The dividend is scheduled to be paid on Jan 15, 2026.
SkyWorld CEO Lee Chee Seng said: “Current market conditions tend to favour developers that remain attentive to affordability, execution discipline and prudent financial management. Although the broader property sector is still navigating inflationary pressures and cautious sentiment, demand for well-planned urban homes has remained steady, particularly among buyers who value accessibility, practical layouts and quality liveability. These are areas we place strong emphasis on, and our recent engagements with homebuyers at the launch of SkyAman 1 Residences suggest that this focus is aligned with what the market is looking for.”
“Looking ahead, our entry into Penang via SkyAwani Pearlmont Residences is a strategic step forward. Penang’s urban corridor continues to exhibit resilient demand fundamentals, and our ability to introduce a thoughtfully priced product positions us to participate meaningfully in one of the country’s most dynamic property markets. This expansion fits well within our disciplined growth framework, and sets the stage for broader regional diversification," added Lee.
“As at Sept 30, 2025, SkyWorld Development maintains a solid financial footing, supported by cash and bank balances of RM320.9 million and a low net gearing ratio of 0.2 times,” stated the company.
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