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PETALING JAYA (March 13): Eco World Development Group Bhd (EcoWorld) recorded RM2.06 billion in property sales in the first four months of FY2026, equivalent to 52% of its RM4 billion full-year sales target, according to its financial results announcement.
For the first quarter ended Jan 31, 2026, the developer reported profit after tax (PAT) of RM165.6 million, representing a 106% increase year-on-year, supported by stronger revenue recognition and previously completed industrial land transactions.
The board also declared a first interim dividend of two sen per share, double the one sen declared in 1QFY2025.
Industrial land deals lifted revenue and profits
EcoWorld said revenue and gross profit rose 151% and 126% respectively compared with the corresponding quarter last year.
This was largely driven by the completion of two industrial land transactions at its Eco Business Park developments involving global technology players.
The transactions involved:
*138.53 acres at Eco Business Park I sold to Microsoft Payments (Malaysia) Sdn Bhd
*58.19 acres at Eco Business Park V sold to Pearl Computing Malaysia Sdn Bhd, which is linked to Google
According to EcoWorld, these deals contributed significantly to earnings recognition during the quarter.
Klang Valley projects lead sales
Of the RM2.06 billion sales achieved as at Feb 28, 2026, projects in the Central region — comprising the Klang Valley and Negeri Sembilan — contributed RM1.14 billion or 55% of the total.
The Southern region (Johor) accounted for 39%, while the Northern region (Penang) contributed 6%, according to the company.
By revenue pillar, the group's year-to-date sales were driven mainly by residential and industrial developments:
*Eco Townships: RM812 million (Residential)
*Eco Rise: RM206 million (Residential)
*Eco Hubs: RM298 million (Commercial)
*Eco Business Parks: RM745 million (Industrial)
Industrial developments accounted for 36% of total sales, highlighting continued demand for logistics and manufacturing space.
Negeri Sembilan industrial park records strong take-up
EcoWorld said its newly launched Eco Business Park VII in Negeri Sembilan recorded RM688 million in sales within four months of launch, contributing 92% of the RM745 million industrial sales achieved under the Eco Business Park pillar.
The first phase launch featured cluster factories, semi-detached factories and industrial land plots ranging from one to five acres, targeting small and medium-sized enterprises.
According to EcoWorld, the project received strong interest from existing customers, investors and industrial operators.
Residential segment driven by upgrader homes
The group’s residential segment generated RM1.02 billion in sales, representing a 51% increase compared with the same period last year.
EcoWorld said Eco Townships accounted for RM812 million, with 89% coming from upgrader homes priced above RM650,000.
Among the key contributors was Hi.Jau West @ Eco Botanic 3 in Iskandar Malaysia, which recorded strong take-up for its initial precinct launches comprising landed terrace homes.
High-rise developments under the Eco Rise pillar contributed RM206 million, with 64% derived from duduk apartments, including the recently launched Terra @ Eco Ardence in the Klang Valley.
Other projects such as SWNK Houze @ BBCC and se.ruma @ Eco Sanctuary also recorded improving take-up rates, the company said.
Cash position strengthens balance sheet
EcoWorld said its future revenue increased to RM5.11 billion as at Feb 28, 2026, providing improved visibility for earnings and cash flow in the near to medium term.
The group’s gross gearing ratio stood at 0.63 times, while net gearing was 0.17 times as at Jan 31, 2026.
Cash balances — including deposits and short-term funds — rose to RM2.90 billion, the highest level recorded by the group to date.
According to the company, the stronger balance sheet provides capacity to fund future expansion while supporting dividend payouts.
New township and industrial park launches planned
EcoWorld said preparations are underway for two new projects aimed at expanding its development footprint.
The first is Eco Radiance, an 847-acre township in Semenyih, Selangor, which will extend the group’s presence along the development corridor anchored by Eco Majestic and Eco Forest.
The company is also planning to launch Eco Business Park 8 in Kulai, Johor, a 935-acre industrial park to be jointly developed with SD Guthrie Bhd and Permodalan Darul Ta’zim Sdn Bhd, the Johor state investment arm.
EcoWorld said the project is intended to capture demand for industrial properties in southern Johor, including potential occupiers from technology and advanced manufacturing sectors.
Outlook
President and chief executive officer Chang Khim Wah said the company remains optimistic about demand for its residential and industrial developments despite global uncertainties.
“We remain optimistic about our prospects and the strength of fundamental demand for our projects and products,” he said.
However, Chang noted that the group will continue to exercise financial discipline amid external uncertainties such as geopolitical tensions and global trade disputes.
Editor’s Note
Source and verification: Based on EcoWorld 1QFY2026 Bursa Malaysia filings (March 12, 2026).
Disclaimer: For informational purposes only; not investment, legal, or financial advice. Perform independent due diligence before making decisions.
Timeline: Reflects data for the period ending Jan 31, 2026, and market conditions as of March 13, 2026.
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