KUALA LUMPUR: Mah Sing Group Bhd’s pre-tax profit (PBT) rose 16.4 per cent year-on-year to RM95.5 million for the second quarter ended June 30, 2025 (2Q25), supported by higher contributions from its M Series projects.
Quarterly revenue came in at RM565.9 million.
For the first half of 2025 (1H25), Mah Sing reported a 7 per cent increase in revenue to RM1.22 billion, while PBT improved 13.9 per cent to RM187 million.
Property sales for the period climbed 12.4 per cent to RM1.15 billion from RM1.02 billion a year earlier, mainly driven by new launches under the M Series.
Mah Sing said it expects stronger sales in the second half, in line with its historical trend, and remains confident of achieving its minimum full-year sales target of RM2.65 billion. Upcoming launches worth RM1.85 billion and continued momentum from ongoing projects are expected to support this target.
Recent launches have seen firm demand, including M Legasi in Semenyih, where the Impira double-storey terrace houses recorded over 80 per cent take-up, and M Grand Minori in Taman Pelangi, Johor Bahru, where Tower A serviced apartments achieved a 90 per cent take-up rate.
As of June 30, 2025, Mah Sing had unbilled sales of RM2.91 billion.
Mah Sing also reported revenue of RM963.8 million and operating profit of RM211.5 million from property development, with contributions from projects including Meridin East, M Tiara, M Minori, M Nova, M Arisa, M Astra and Ferringhi Residence.
The manufacturing division posted RM222.2 million in revenue, up 10.8 per cent year-on-year, supported by pallet and glove sales.
The group ended the period with RM1.12 billion in cash, bank balances and short-term investments, while net gearing stood at 0.23 times.
Year-to-date, it has secured two land acquisitions, namely M Aria in Sentul and the Corus Hotel site near KLCC, with a combined GDV of RM1.6 billion.
Looking ahead, Mah Sing said it is sustaining its growth across all three regions with a mix of ongoing projects and upcoming launches.
In the central region, Mah Sing recently launched M Legasi in Semenyih, its largest township in the area with a gross development value (GDV) of RM3.3 billion.
Upcoming projects in Kuala Lumpur include serviced apartments M Aurora in Old Klang Road, M Aria in Sentul and M Zenya Parcel B in Kepong.
In the south, M Grand Minori in Johor Bahru, a RM1.5 billion mixed-use project, reported a 90 per cent take-up for its first tower.
In the north, the group is preparing to launch M Zenni, a RM309 million freehold development in Batu Maung, Penang, in Sept 2025.
Mah Sing is also ramping up its push into Malaysia’s fast-growing data centre sector, with a planned 150-acre, 500 MW-capacity site at Southville City in Bangi and a potential 300 MW facility at Meridin East in Johor Bahru.
Meanwhile, the property developer welcomed Bank Negara’s recent overnight policy rate (OPR) cut to 2.75 per cent, saying it will improve housing affordability and lift market sentiment. It praised measures under the 13th Malaysia Plan (13MP) to ease cost-of-living pressures, including phased mortgage interest rates and extended financing tenures, while calling for more targeted support for first-time buyers.
It said that proposals for Budget 2026 – including the upcoming Home Ownership Campaign (HOC) 3.0, reintroduction of the 5/95 financing scheme, mortgage interest tax relief, the Madani Deposit scheme, lower compliance costs and streamlined approvals — would help keep homeownership within reach for Malaysi
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