Share
KUALA LUMPUR (Jan 27): EcoFirst Consolidated Bhd (KL:ECOFIRS) has reported a 28.5% year-on-year decline in second-quarter net profit, due to lower contributions from its businesses.
Net profit for the three months ended Nov 30, 2025 (2QFY2026) dropped to RM2.43 million from RM3.39 million previously. Earnings per share stood fell to 0.21 sen from 0.29 sen.
Quarterly revenue fell 28.55% to RM78.28 million from RM109.55 million in 2QFY2025, a bourse filing showed.
No dividend was declared for the latest quarter.
EcoFirst said its property development segment posted a profit before tax of RM6.95 million in 2QFY2026, down by 51% from 14.1 million a year ago.
The property investment segment saw its loss before tax widen to RM1.22 million from RM712,000, while the investment and others segment's loss before tax grew to RM2.21 million from RM1.24 million.
For the first half of FY2026, EcoFirst's net profit nearly tripled to RM12.91 million from RM4.34 million year in the previous corresponding period, as revenue increased 14.97% to RM201.73 million from RM175.47 million.
The company said the stronger half-year profitability was helped by lower finance cost as a result of lower geared loan commitment, while the surge in revenue was broadly consistent with accelerated progress works for its KL48 serviced apartment project.
On prospects, EcoFirst said it aims to launch a mixed development project in the second quarter of 2026. The project has a gross development value of over RM400 million and is located in Jade Hills, Kajang.
“Given its proximity to landmarks like Jade Hills, Easton International School and Universiti Putra Malaysia, we are confident this new development will provide more convenience and leisure options,” it said.
The company said it continues to expand its land bank on strategic locations with strong fundamentals, connectivity and development readiness to strengthen its business and portfolio resilience for long-term growth amid an increasingly challenging macro environment.
According to AskEdge, EcoFirst has a trailing 12-month earnings before interest tax depreciation and amortisation margin of 13.6% and a 6.6% return on equity.
Shares of EcoFirst closed half a sen or 1.52% higher at 33.5 sen on Tuesday, valuing the company at RM405 million.
Unlock Malaysia’s shifting industrial map. Track where new housing is emerging as talents converge around I4.0 industrial parks across Peninsular Malaysia. Download the Industrial Special Report now.
