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PETALING JAYA (May 1): Lagenda Properties Bhd, one of Malaysia's leading affordable housing and integrated township developers, delivered a historic operating performance for the financial year ended Dec 31, 2025 (FY2025), surpassing the RM1 billion revenue mark for the first time while recording its highest-ever annual confirmed sales — reinforcing the structural resilience of the group's affordable housing-led business model.
Record sales and revenue
According to its Bursa Malaysia announcement yesterday, group revenue rose 7% year-on-year to RM1.053 billion (FY2024: RM988.8 million), driven by stronger sales recognition across projects in Perak, Johor and Selangor.
Confirmed sales surged 50% to a historic RM1.7 billion (FY2024: approximately RM1.1 billion), exceeding the Group's own full-year sales target of RM1.5 billion.
Lagenda Properties’ key FY2025 financial highlights, as extracted from its audited annual report, were as follows:
1) Revenue — RM1.053 billion (FY2024: RM988.8 million), up 7% year-on-year
2) Profit before tax — RM246.8 million (FY2024: RM248.4 million), broadly stable year-on-year
3) Net profit attributable to owners — RM179.4 million (FY2024: RM184.0 million), a marginal 3% decline
4) Basic earnings per share — 21 sen (FY2024: 22 sen)
5) Total assets — RM2.866 billion (FY2024: RM2.448 billion), reflecting active landbank and project expansion
6) Equity attributable to owners — RM1.331 billion (FY2024: RM1.222 billion)
7) Gross gearing — 0.73 times (FY2024: 0.68 times)
8) Net gearing — 0.56 times (FY2024: 0.42 times)
9) Dividend per share — 6.5 sen (FY2024: 6.5 sen), maintained at a 30% payout ratio, above the Group's stated 25% minimum policy
The modest year-on-year decline in profitability was attributable to higher administrative costs from business expansion into new states and a non-recurring impairment write-off of RM14.9 million on aged trade and other receivables.
Stripping out the one-off charge, underlying earnings performance was robust.
Pipeline, landbank and growth outlook
Main Market-listed Lagenda Properties enters FY2026 with record unbilled sales of RM1.6 billion and healthy outstanding bookings of RM477.0 million as at Dec 31, 2025, providing solid near-term earnings visibility.
The group's landbank stands at approximately 4,300 acres with an estimated remaining gross development value (GDV) of RM11.0 billion across six states — Perak, Johor, Selangor, Kedah, Pahang, and Negeri Sembilan, the latter entered through a 138-acre acquisition in Senawang in FY2025 with estimated GDV of RM556.8 million.
For FY2026, Lagenda Properties has set a sales target of RM1.9 billion, supported by planned launches of over 8,900 units with an estimated GDV of RM2.6 billion, with key contributions expected from Johor, Kedah, Pahang and Negeri Sembilan.
Sustainability and governance
The group's eight-member board comprises 50% women directors — four of eight — exceeding the Malaysian Code on Corporate Governance's recommended threshold of 30%.
The board established a dedicated Board Sustainability Committee in April 2025 to strengthen ESG oversight at board level.
Lagenda Properties' FTSE4Good Bursa Malaysia Index rating was upgraded from 3-Star to 4-Star, its third consecutive year of inclusion in the index.
The group's 25th annual general meeting is scheduled for June 10, at Tropicana Golf & Country Resort, Petaling Jaya.
Editor's note: This article is for informational purposes only and does not constitute financial or investment advice.
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