“KSL Holdings posts a 66% jump in 4QFY2025 net profit driven by fair value gains and stronger project revenue, ending 2025 with improved earnings momentum.”
Kuala Lumpur, 02nd March 2026, 11.45am – KSL Holdings Berhad ended 2025 on a strong financial footing after reporting record fourth-quarter earnings, supported by higher other income and stronger revenue recognition from ongoing property developments.
For the fourth quarter ended Dec 31, 2025 (4QFY2025), net profit surged 66.4% year-on-year to RM258.41 million, compared with RM155.25 million recorded in the same period last year, according to the group’s filing with Bursa Malaysia.
The improved performance was largely driven by a significant increase in other income, which nearly doubled to RM131.14 million from RM68.37 million previously. The growth was mainly attributed to fair value adjustments totalling RM112.4 million during the quarter.
Excluding one-off items, core net profit rose 46.5% to RM127.27 million, reflecting stronger underlying operational performance.
Quarterly revenue also increased 41.1% to RM548.66 million from RM388.91 million a year earlier, supported by higher progressive billings from ongoing development projects.
Higher Dividend and Strong Full-Year Performance
KSL proposed a final dividend of 10 sen per share for FY2025, higher than the eight sen declared in the previous financial year, subject to shareholders’ approval.
For the full financial year, net profit grew 11.4% to RM526.02 million from RM472.08 million in FY2024, while annual revenue rose 10% to RM1.51 billion from RM1.38 billion.
Positive Outlook Supported by Policy Measures and RTS Progress
Looking ahead, the Johor-focused developer said government initiatives such as the Housing Credit Guarantee Scheme and targeted tax incentives continue to support housing demand, particularly among first-time homebuyers and within the affordable housing segment.
The group also noted that ongoing construction works for the Johor Bahru–Singapore Rapid Transit System (RTS) are progressing steadily, which is expected to enhance cross-border connectivity and strengthen property market sentiment across key growth corridors.
KSL described its fourth-quarter performance as closing the year on a stable and encouraging note, positioning the company for sustainable growth moving into 2026.
Shares of KSL Holdings closed 12 sen lower, or 3.7%, at RM3.09 on Friday, giving the group a market capitalisation of approximately RM3.38 billion. The stock has gained about 90.7% over the past year.
