KUALA LUMPUR: Eco World Development Group Berhad (EcoWorld) announced its sales for the 10 months of FY2026 and results for 3Q 2026 (from 1 May 2026 to 31 July 2026) today.
Key highlights include the following:
|
Region |
RM’mil |
% |
|
Central (Klang Valley and Negeri Sembilan) |
1,790 |
44% |
|
Southern (Iskandar Malaysia) |
1,966 |
49% |
|
Northern (Penang) |
296 |
7% |
|
Total |
4,052 |
100% |
Comments on EcoWorld’s performance by Dato’ Seri Chang Khim Wah, President & CEO
EcoWorld has surpassed our FY2026 sales target of RM4.0 billion with a total of RM4.05 billion recorded in 10 months of the financial year. Including the agreement inked on 22 September 2026 with Tera Data Centers (Malaysia) Sdn Bhd (“TERA”) for RM1.01 billion, our sales have exceeded the RM5.0 billion mark for the first time. This landmark deal involves the sale of two parcels of industrial land measuring 221.665 acres in Eco Business Park VII (“EBP VII”), Negeri Sembilan, which are situated within QUANTUM Pulse, the project’s dedicated space for data centre operations.
Whilst we are delighted to welcome TERA, we are equally pleased that sales of the SME Core products at EBP VII have continued to grow, with RM942 million sales secured in just 10 months of its launch, mainly from local industrialists. This demonstrates the resilience, depth and strength of domestic manufacturing demand from a broad spectrum of industries, which will add to the creation of meaningful skilled employment in the state for Malaysian employees. Combined with sustained interest from foreign industrialists from both the digital as well as non-digital sectors, it augurs well for sustained strong contributions from the industrial segment which will be amplified when Eco Business Park 8 in Kulai, Johor is launched in 2027.
Another bright note comes from the residential component of our business which is growing steadily with a total of RM2.3 billion recorded, accounting for 57% of the Group’s sales up to 31 August 2026.
Our Eco Townships pillar recorded RM1.60 billion sales, 15% higher compared to 31 August 2025. The Group’s newest township, Eco Botanic 3 in Iskandar Malaysia, was the highest contributor with RM565 million achieved. We also received overwhelming response to Eco Botanic’s recent launch of the Chateau II luxury bungalows, whilst strong take-ups for our landed homes at the Group’s other townships in the Central and Southern region added to the encouraging growth.
Eco Rise performed well with RM700 million achieved as at 31 August 2026, mainly contributed by our popular duduk apartments which made up 83% of sales under this pillar. To date, we have launched 13 duduk parcels across the Klang Valley, Iskandar Malaysia and Penang, with customers continuing to be drawn to the comprehensive amenities and good accessibility offered at an affordable price-point.
The commercial segment under Eco Hubs contributed RM424 million or 10% to the Group’s YTD sales. These mainly comprise shop offices located within our various thriving townships and business parks, as well as commercial units integrated with duduk and other high-rise developments. Apart from contributing to sales, our Eco Hubs products anchor the Group’s placemaking efforts, enhancing liveability and commercial vibrancy which help drive sales through value creation of all our other pillars.
The Group’s sustained sales outperformance has kept future revenue high at RM5.01 billion as at 31 August 2026, providing good earnings prospects and cashflow visibility in the near and mid-term. It has also steadily reduced our gross and net gearing ratios which stand at 0.57 and 0.21 times respectively as at 31 July 2026, and generated high cash balances (including deposits and short-term funds) of RM2.28 billion.
In keeping with our commitment to share the fruits of our success with our shareholders, the Board of Directors have declared a 3rd interim dividend of 2 sen per share for 3Q 2026. This brings total YTD dividends to 6 sen per share, higher than the 5 sen per share as at 3Q YTD 2025.
As regards reinvestment for growth, we are delighted that our efforts to expand to Singapore, a market we are very familiar with and have had a marketing presence in since 2015, have been successful.
On 18 September 2026 we were announced as the winner of a tender called by the Urban Redevelopment Authority of Singapore for a 4,283.4 square metre parcel of land at Lorong Puntong / Sin Ming Avenue, which will mark EcoWorld’s maiden development venture in Singapore.
The site is in a prime residential location with excellent road and rail connectivity, surrounded by parks and green reserves with ample retail, lifestyle and recreational amenities within a 2 km radius. In addition, it is situated right opposite the highly sought-after Ai Tong Primary School, with other well-known institutions such as CHIJ St. Nicholas Girls’ School, Catholic High School, Raffles Institution, Eunoia Junior College and Ang Mo Kio Primary School all located close by. These key advantages will significantly enhance its appeal to the affluent Singapore upgrader and multi-generational family market enabling the EcoWorld brand to make a strong debut when the project is launched in 2028.
Premised on strong sales and 3Q YTD 2026 results achieved, the Group is on track for a strong close to FY2026, with record high sales and profits combined with an increasingly diversified earnings base to underpin our performance in the years ahead.