Share
PETALING JAYA (April 24): Paramount Corp Bhd has recorded property sales exceeding RM1 billion for the fourth consecutive year in its financial year ended Dec 31, 2025 (FY2025), as the developer pressed ahead with an aggressive landbank replenishment strategy, securing 363.1 acres across Penang, Kedah and the Klang Valley with a combined gross development value (GDV) of RM2.3 billion.
The group's overall revenue, however, moderated to RM946.9 million from RM1.04 billion in FY2024, reflecting a deliberately scaled-back launch pipeline, according to its Bursa Malaysia announcement.
Paramount said the lower revenue reflected a deliberately moderated launch pipeline adopted during the year in response to prevailing market conditions, though underlying profitability remained resilient supported by the group's disciplined approach to execution.
Profit before tax (PBT) held steady at RM157 million — virtually unchanged from RM156.9 million a year earlier — partly supported by gains from the disposal of two non-core investment properties in Penang totalling RM49.8 million.
Profit attributable to equity holders rose 16% to RM118.8 million, with earnings per share improving to 19.08 sen from 16.45 sen in FY2024.
Unbilled sales as at Dec 31, 2025 stood at RM1.5 billion, providing near-term earnings and cashflow visibility.
New landbank across key corridors
Main Market-listed Paramount entered into six sale and purchase agreements from end-2024 to March 2026, acquiring landbanks in strategic locations:
1) Batu Kawan, Penang — 19 acres (projected GDV: RM129 million), for residential and commercial development
2) Lunas, Kulim, Kedah — 295.6 acres (projected GDV: RM946 million), a large-scale industrial, commercial and residential township
3) U-Thant enclave, Kuala Lumpur — two separate parcels totalling 4.5 acres (combined projected GDV: RM1.1 billion), for high-end residential redevelopment
4) Section U9, Shah Alam, Selangor — 48.5 acres (projected GDV: RM579 million), for residential development
5) Precinct 7, Putrajaya — 2.6 acres (projected GDV: RM323 million), a transit-oriented development
The group said the acquisitions were undertaken primarily in locations where Paramount already has an established presence, enabling it to leverage operational experience and brand reputation to support efficient project execution and future launches.
RM1.1 billion launch pipeline for FY2026
Paramount plans to launch properties with a combined GDV of RM1.1 billion across seven projects in 2026. Highlights include:
a) Bandar Lunas, Kedah — the first phase of a 295.6-acre mixed township near Kulim, targeted for the second half of 2026
b) Section U9, Shah Alam — 252 units of double-storey link homes on 19.3 acres, positioned as a low-density, premium landed precinct adjacent to the Bukit Cherakah Forest Reserve
c) The Atera Phase 3, Petaling Jaya — 459 affordable homes for young urbanites, approximately 400 metres from the Asia Jaya LRT station
d) Greenwoods Rimbara, Sepang — 300 semi-detached townhouses
e) Kemuning Ceria, Shah Alam — 518 affordable homes under Phase 2 of Kemuning Idaman
f) Continued launches at Paramount Embun Hills (Bukit Mertajam, Penang) and Bukit Banyan (Sungai Petani, Kedah)
New five-year strategy targets 10% ROE by 2030
FY2025 marked the completion of Paramount's five-year strategic plan (originally 2020–2024, extended one year due to Covid-19).
Over the period, revenue grew at a compound annual growth rate (CAGR) of 9.8%, while PBT expanded at a CAGR of 25% from RM51.5 million in FY2020 to RM157 million in FY2025.
The group's return on equity (ROE) strengthened from 2% in FY2020 to 8.3% in FY2025.
Under its new five-year roadmap to 2030, Paramount has set a minimum ROE target of 10%.
Looking ahead, the group said it would continue to focus on delivering well-located residential developments that meet evolving market needs, while capitalising on long-term demographic trends such as population growth and urbanisation, as it embarks on its next five-year strategic roadmap through to 2030.
Total dividends for FY2025 remained at 7.5 sen per share — unchanged from FY2024 — representing a dividend yield of 7.4% based on the Dec 31, 2025 closing price of RM1.02.
Beyond property
Paramount also made its first foray into food and beverage (F&B) investment in FY2025, acquiring a 28% equity stake in Singapore-listed Envictus International Holdings — an F&B operator in Malaysia — for RM126.3 million in August 2025. Its Bangkok joint-venture condominium project, Na Reva Charoennakhon, neared completion with 44.5% of units transferred as at Dec 31, 2025.
Co-labs Coworking expanded to eight locations across the Klang Valley with 186,000 sq ft under management and an average occupancy of 72%.
In early 2026, the brand opened its first Johor Bahru space at Mid Valley Southkey and plans to launch a premium flagship in Sunway Square, Subang Jaya by mid-2026.
..........
EdgeProp's monthly print edition is out! Free delivery is available for selected regions. Subscribe now.
