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PETALING JAYA (Aug 20): Teladan Group Bhd’s net profit attributable to shareholders rose 42.4% to RM9.31 million for the second quarter ended June 30, 2026 (2QFY2026), from RM6.54 million a year earlier, as higher progressive billings from ongoing property developments lifted revenue.
Revenue increased 31% to RM88 million from RM67.18 million, while basic earnings per share rose to 1.12 sen from 0.79 sen, according to the Melaka-based property developer’s unaudited quarterly report filed with Bursa Malaysia on Thursday (Aug 20).
Teladan said the higher revenue was mainly driven by progressive billings from Taman Bertam Heights Phase 2A2, Taman Gapam Perdana Phase 1B, Pusat Kormersial Bukit Intan and German Technology Park, which recorded steady construction progress during the quarter.
This was partly offset by lower revenue recognition from the completed Taman Bertam Heights Phase 2A1 and Taman Impiana Kesang Phase 3A, as well as Taman Bertam Heights Phase 1A3, which is nearing full completion.
Profit before tax rose 59.9% to RM12.92 million from RM8.08 million. Teladan said the improvement was mainly due to a better gross profit margin arising from improved cost efficiencies and a more favourable project mix.
On a quarter-on-quarter basis, revenue fell 8.9% from RM96.59 million in 1QFY2026, while profit before tax declined 6.1% from RM13.76 million. The group attributed the lower revenue mainly to the completion of Taman Bertam Heights Phase 2A1 and lower contributions from Taman Gapam Perdana Phase 1B and Taman Desa Bertam Phase 4B.
First-half net profit up 50%
For the first half ended June 30, net profit attributable to shareholders rose 49.6% to RM19.48 million from RM13.02 million, while revenue grew 39.1% to RM184.59 million from RM132.73 million. Profit before tax increased 56% to RM26.68 million from RM17.10 million.
The group recorded property sales of RM189.86 million in the first half, while unbilled sales stood at RM323.37 million as at June 30, providing what Teladan described as a solid revenue base for the second half of FY2026.
Teladan said it is exploring opportunities in Selangor and Negeri Sembilan to reduce its concentration in the Melaka property market. It also said it is continuing to deepen ties with industrial and infrastructure partners, citing Golden Valley Industrial Hub as an example of its focus on higher-value segments.
In a separate press release dated Aug 20, managing director Richard Teo Lay Ban said the first-half performance reflected the continued execution of Teladan’s development pipeline, with construction progress translating into stronger revenue and profitability.
No dividend was proposed for the quarter.
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