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- For the six months ended Sept 30, 2025 (6MFY2026), E&O posted a net profit of RM95.66 million, up 40.9% from RM67.91 million previously.
KUALA LUMPUR (Nov 28): Eastern & Oriental Bhd (E&O) reported a stronger set of results for the second quarter ended Sept 30, 2025 (2Q2025), with net profit rising 65.3% to RM50.24 million from RM30.39 million a year earlier.
In a bourse filing on Thursday, the property developer’s revenue also saw a 19.5% rise to RM204.36 million from RM171.03 million, supported by higher progress billings from ongoing projects, namely Fera and Senna Phases 1 and 2.
The group did not declare a dividend for the quarter under review.
For the six months ended Sept 30, 2025 (6MFY2026), E&O posted a net profit of RM95.66 million, up 40.9% from RM67.91 million previously.
The improvement was attributed to higher revenue recognition from its development projects during the period. Revenue for the first half rose 15.2% to RM387.87 million from RM336.68 million, driven primarily by the property segment, which recorded an additional RM50.1 million in contributions.
The group said it continues to register strong revenue growth, supported by developments in Andaman and Kuala Lumpur. Conlay Signature Suites, launched in May 2025 in the KLCC enclave, has achieved a sales take-up rate of over 60%.
Meanwhile, landed homes on Andaman Island, introduced in August 2025, are seeing encouraging demand.
E&O noted that the Gurney Bridge is scheduled to open in December, enhancing connectivity to the island and shortening travel time from George Town.
The improved accessibility is expected to boost interest from both tourists and prospective buyers. The group is preparing to launch its second waterfront project on Andaman Island, Avea, which will offer panoramic views of the Gurney skyline. In the Klang Valley, retail shops and landed homes in Elmina are set to be launched consecutively, providing buyers with a premium range of spacious properties.
The hospitality division continues to perform well, supported by elevated room rates and strong occupancy. Penang remains a key destination for multinational travellers, with visitor interest from China strengthening amid improved air connectivity and visa-free travel arrangements. Flight accessibility is expected to expand further with additional direct routes, beginning with the Haikou–Penang service.
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