“Crescendo’s 3QFY2026 net profit slid 31% amid the absence of data centre land sale gains, though Johor property prospects remain positive.”
Kuala Lumpur, 30th December 2025, 03.00pm – Johor-based property developer Crescendo Corporation Bhd posted a 31% year-on-year decline in net profit for the third quarter ended Oct 31, 2025 (3QFY2026), largely due to the absence of one-off gains recorded in the previous year from data centre–related land disposals at Nusa Cemerlang Industrial Park.
In a filing with Bursa Malaysia, the group reported a net profit of RM70.3 million, or 8.35 sen per share, compared with RM101.3 million, or 12.08 sen per share, a year earlier. Quarterly revenue eased 6% to RM217.4 million from RM231.2 million previously.
Despite the softer earnings, Crescendo declared a special single-tier dividend of six sen per share, payable on Feb 10, 2026. This brings the group’s total dividend distribution year to date to seven sen per share, unchanged from the corresponding period last year.
Crescendo’s core property development and construction segment continued to anchor group performance, contributing RM201.7 million in revenue and RM85.5 million in operating profit. The segment accounted for more than 78% of total group revenue and about 81% of operating profit during the quarter.
For the cumulative nine-month period ended Oct 31, 2025, earnings declined more sharply, with net profit falling to RM93.7 million from RM523.72 million a year earlier. Revenue over the period dropped 66% to RM362.76 million from RM1.08 billion, reflecting the high base effect from prior-year land transactions.
Looking ahead, Crescendo remains positive on the outlook for the Johor property market, supported by the upcoming Johor Bahru–Singapore Rapid Transit System (RTS) Link and the planned Johor–Singapore Special Economic Zone (JS-SEZ). The group also expects Bank Negara Malaysia’s recent 25-basis-point cut in the Overnight Policy Rate to improve affordability and investment sentiment among homebuyers.
The company said it will continue to adopt a cautious development strategy by optimising its land bank and aligning new launches with prevailing market demand, while managing cost pressures stemming from minimum wage adjustments, fuel subsidy rationalisation and the expansion of the service tax.
As at end-October 2025, Crescendo’s total land bank, including parcels under development, stood at 2,486 acres. Over the next 12 months, the group plans to launch 167 mid- to high-end landed residential units at Bandar Cemerlang and 24 semi-detached factory units at Bandar Cemerlang Industrial Park, with a combined gross development value of RM289 million.
