KUALA LUMPUR: Land & General Bhd (L&G) is targeting over RM700 million in gross development value (GDV) from new property launches in its financial year 2026 (FY2026).
According to the group, FY2025 reinforced its earnings base and established a foundation for sustainable growth, and it remains confident of maintaining strong performance in FY2026.
In a statement today, L&G managing director Low Gay Teck said the group aims to deliver long-term value creation.
“With a robust balance sheet, a strong landbank, and an established education brand by the name of Sri Bestari, we are well-positioned to capture opportunities in the property market while ensuring stable recurring income streams from the schools,” he said.
For FY2025, which ended on March 31, L&G recorded a revenue of RM287.6 million, up 33 per cent from RM216.6 million in the previous year.
Net profit increased 56.9 per cent to RM36.4 million from RM23.3 million, driven by property sales, land disposals, and stronger contributions from the education segment.
The group also said it is entering a new growth phase, supported by a 2,815-acre landbank.
It added that the property segment remained its main earnings contributor in FY2025, with revenue increasing to RM240.5 million from RM176.8 million previously, while operating profit rose 46.4 per cent to RM62.2 million on the back of property sales and land disposal.
“During the year, the group launched Sena Parc Phase 1E in Senawang, comprising 80 units of single-storey affordable homes, followed by Residensi Kamelia, a 602-unit affordable serviced apartment in Bandar Sri Damansara.
“The group also disposed of 55.85 hectares of land in Senawang for RM60.2 million, which boosted its earnings for FY2025 and was part of a strategy to recycle its assets for upcoming opportunities,” it said.
L&G added that its education division posted revenue of RM40.5 million in FY2025, up 17.1 per cent from RM34.6 million in FY2024, while operating profit rose 28 per cent to RM16.0 million from RM12.5 million.
The group declared dividends totalling RM23.8 million, or 0.8 sen per share, representing a 65.4 per cent payout ratio for FY2025.
© New Straits Times Press (M) Bhd
