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PETALING JAYA (Sept 23): Johor property developer Gold Li Holdings Bhd posted a net loss of RM3.89 million for the second quarter ended July 31, 2026, after incurring RM3.61 million in one-off IPO-related expenses.
In a Bursa Malaysia filing on Wednesday (Sept 23), Gold Li said revenue fell 25.4% to RM7 million from RM9.38 million in the first quarter, mainly due to lower sales of completed properties. Gross profit declined to RM1.67 million from RM3.02 million.
The group swung to a pre-tax loss of RM3.84 million from a pre-tax profit of RM941,000 in the first quarter. It attributed the deterioration mainly to lower gross profit and higher administrative expenses, including the IPO-related costs.
For illustrative purposes, Gold Li said its pre-tax loss would have narrowed to RM228,000 after adjusting for the one-off expenses. Its reported loss per share was 0.67 sen.
For the six months ended July 31, the group recorded revenue of RM16.39 million and a net loss of RM3.27 million. Revenue came from properties under construction at Taman Lantapuri and Taman Wiramas 2, and completed properties at Taman Muhibah Jaya, Taman Kesang Mawar and Taman Sri Jorak.
Gold Li expects its financial performance for the year ending Jan 31, 2027, to remain challenging. No dividend was declared or paid for the quarter or financial year to date.
The company did not provide year-earlier comparative figures. This was its second interim report following its listing, and no interim reports had been prepared for the corresponding 2025 periods.
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