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KUALA LUMPUR (June 18): Eco World Development Group recorded RM3.28 billion in sales for the seven months ended May 31, 2026, reaching 82% of its full-year target of RM4.0 billion and setting a new internal record for sales achieved within a single financial year's first seven months.
The group also reported a profit after tax (PAT) of RM138 million for its second quarter ending April 30, 2026, and declared a second interim dividend of 2 sen per share.
Eco World stated in a media release today that revenue and gross profit for the first half of FY2026 rose 52% and 43% respectively, against the same period a year earlier, lifted in part by the completion of three industrial land sales totalling 253.8 acres at Eco Business Park I, QUANTUM Edge, and Eco Business Park V.
Gross profit margin held at 31.3% for the second quarter, supported by cost savings realised on completed phases and the industrial land transactions.
PAT for the second quarter alone was 6% above the same quarter in FY2025. On a cumulative basis, PAT for the first half reached RM303.5 million, 45% higher year on year.
Future revenue — the group's measure of contracted sales yet to be recognised — reached an all-time high of RM5.38 billion as at May 31, 2026, providing earnings and cash flow visibility over the near and medium term.
Gross gearing stood at 0.61 times and net gearing at 0.22 times as at 30 April 2026, with cash, deposits, and short-term funds totalling RM2.50 billion.
Regional and segment breakdown
EcoWorld's southern projects in Iskandar Malaysia dominated, contributing RM1.66 billion or 51% of total year-to-date sales. The Central region, covering the Klang Valley and Negeri Sembilan, added RM1.45 billion (44%), while the Northern region in Penang accounted for RM168 million (5%).
Across the group's five revenue pillars, residential sales under Eco Townships generated RM1.18 billion, with 84% of those purchases coming from upgrader homes priced above RM650,000. The Eco Rise high-rise and affordable apartment segment contributed RM556 million, up 29% from the same period in the previous financial year.
Commercial properties under Eco Hubs delivered RM391 million, while the combined industrial segments — Eco Business Parks and the QUANTUM data centre and high-tech pillar — contributed RM870 million and RM281 million respectively, totalling RM1.15 billion or 35% of group sales.
Industrial segment leads growth
The industrial business has been EcoWorld's fastest-expanding division, posting a five-year compound annual growth rate of 41% between FY2020 and FY2025. The seven months of industrial sales to 31 May 2026 already represent 94% of FY2025's full-year industrial revenue, pointing to another record year in that segment.
Two separate projects are driving much of this momentum. Eco Business Park VII in Negeri Sembilan — EcoWorld's first development in the state, launched in November 2025 — has recorded RM796 million in sales since opening, with strong take-up from SME-oriented phases comprising cluster factories, semi-detached industrial units, and plots of between one and five acres.
On the data centre front, EcoWorld completed the sale of the final two land parcels at QUANTUM Edge in Iskandar Malaysia in April 2026. The parcels, totalling 49.588 acres, were sold to KNBDC Malaysia Five Sdn Bhd for RM281 million. That transaction brought EcoWorld's cumulative sales to regional and global hyperscalers across its business parks to more than RM1.87 billion — all secured within less than two years of the QUANTUM pillar's launch.
The group's next industrial release, Eco Business Park 8, spans 935.241 acres in Kulai, Johor, and will be jointly developed with SD Guthrie Bhd and Permodalan Darul Ta'zim Sdn Bhd. The project is intended to absorb continued demand from both local manufacturers and multinational corporations, drawing on EcoWorld's existing network of more than 1,800 businesses operating across its industrial parks in the Klang Valley and Iskandar Malaysia.
Datuk Chang Khim Wah, president and chief executive officer, framed the result in the context of the broad-based nature of current demand. "Such broad-based multi-industry demand, garnered from local champions to established MNCs, bodes well for Eco Business Park 8," he said, citing the pipeline of enquiries from both traditional manufacturers and non-digital high-tech operators.
Chang also pointed to alignment with official investment data, noting that Malaysia's approved domestic direct investment grew 13% year on year in the first quarter of 2026 according to MIDA, while foreign direct investment accounted for 60.5% of the RM92.8 billion in total approved investments during the same period.
On residential demand, Chang highlighted the newest township launch: "Eco Botanic 3, our newest township in Iskandar Malaysia, has seen exceptional momentum with RM489 million sold this financial year, demonstrating sustained buyer interest since its launch in September 2025."
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