JOHOR BAHRU: Paragon Globe Bhd’s 9M ended Dec 31, 2025 (FY26) saw a net profit attributable to shareholders of RM39.5 million on revenue of RM142.2 million.
The moderation in revenue compared to RM154.7 million in the corresponding period last year reflects normalisation from an exceptionally strong base, which included the recognition of major land disposals in Desa Cemerlang.
Despite the lower top line, the group demonstrated strong operational efficiency, with gross profit margin improving to 53.4% compared to 52.5% previously.
For Q3 FY26, Paragon Globe posted revenue of RM34.1 million and a net profit of RM9.5 million.
Executive chairman Datuk Sri Edwin Tan Pei Seng said this financial year has been focused on capital deployment and strengthening the group’s development pipeline.
“Proceeds from the land sales transaction enabled us to expand our presence across Johor’s key growth areas, building development inventories to approximately RM697 million.
“With this foundation in place, our priority now is disciplined execution. Calia Residences by Paragon Globe has been launched.
“The Iconic by Paragon Globe and Kensington Parkview by Paragon Globe are on their way, and we have ready sites in Pulai, Tanjung Kupang, and Plentong positioned for future launches.
“As Johor continues to benefit from structural drivers such as the RTS Link and cross-border investment flows, we are focused on translating this pipeline into completed developments and sustainable long-term value creation,” he said.
The group’s balance sheet reflects its aggressive expansion strategy.
As of Dec 31, 2025, total assets stood at RM1.0 billion, while shareholders’ equity rose to RM443.2 million, lifting net assets per share to RM0.59.
Development inventories increased to approximately RM697.0 million, positioning the group for substantial future launches across prime locations, including Pulai, Tanjung Kupang, Johor Bahru City Center, Plentong, and Pekan Nanas.
Near-term revenue will be driven by new project launches following completion of the land sales transaction.
Calia Residences by PGB in Danga Bay, a premium residential development targeting GreenRE Gold certification, was launched during the quarter and is expected to contribute progressively from FY27 as construction milestones are achieved.
The Iconic by PGB, a residential project in Johor Bahru city centre, is expected to follow.
During the quarter, the group formalised a five-year sustainability collaboration with United Overseas Bank (Malaysia) Bhd, securing access to green financing solutions for eligible projects across its development pipeline.
The Sun Malaysia