KUALA LUMPUR: Berjaya Assets Bhd posted revenue of RM99.25 million for Q4 ended June 2026 (FY26), an increase of 49.37% from RM66.45 million recorded in the same quarter last year.
Pre-tax profit stood at RM13.9 million in the current quarter, a whopping 938.23% increase from RM1.3 million posted in Q4 FY25.
Net profit for the quarter stood at RM376,000, compared with a net loss of RM1.76 million posted in Q4 FY25.
In a filing with Bursa Malaysia, Berjaya Assets said the positive revenue was due to higher property sales in the property investment and development business segment from the Times Square 2 project and to vehicle assembly income in the assembly business segment.
These have offset the impact of the lower revenue from the gaming business segment due to lower average revenue per draw and number of draws, and the lower rental income from the property investment and development business segment due to the early termination of a long-term tenancy in the current quarter.
The strong pre-tax profit in Q4 FY26 is primarily due to higher contributions from the property investment and development and vehicle assembly business segments, in line with higher revenue.
The group also saw a higher net fair value gain on investment properties of RM6.35 million in the current quarter, compared with RM4.3 million reported in Q4 FY25.
The reversal of the impairment of land held for development, amounting to RM4.3 million in the current quarter, also contributed to the higher pre-tax profit.
For FY26, the group registered revenue of RM323.2 million and a pre-tax profit of RM63.9 million, compared with revenue of RM259 million and a pre-tax loss of RM10 million in FY25.
The higher revenue in FY26 was mainly driven by stronger property sales from the Times Square 2 project, higher vehicle assembly income, and increased revenue from the hotel and recreation business, supported by improved occupancy rates and higher theme park ticket sales.
These gains were partly offset by lower gaming revenue, due to lower average revenue per draw and fewer draws, and by lower rental income from the property investment and development business segment following the early termination of a long-term tenancy during FY26.
For FY26, the group’s pre-tax profit turned around to RM63.9 million from a pre-tax loss of RM10 million a year earlier, while revenue rose to RM323.2 million from RM259 million.
In the Bursa Malaysia filing, Berjaya Assets said the turnaround was mainly driven by higher contributions from the property investment and development, vehicle assembly, and hotel and recreation businesses, in line with higher revenue.
The group also benefited from the reversal of an RM10.4 million provision for liquidated ascer-tained damages arising from the rescission of a share sale agreement following the resolution of litigation.
In addition, the group recorded a higher reversal of impairment on land held for development at RM4.3 million compared with RM1.74 million in the previous financial year.
The stronger performance was also partly due to an RM16.28 million loss from the disposal of investment properties recognised in the previous financial year.
On future prospects, Berjaya Assets said the global economic growth is expected to be impacted by the prevailing geopolitical tensions and conflicts, inflationary pressures, interest costs and rising energy costs.
Despite these challenges, the domestic economy is anticipated to grow at a moderate pace supported by resilient domestic demand.
“Whilst the board is cautiously optimistic about the recovery of the domestic economy, the operating results of the group for FY27 are expected to be satisfactory,“ Berjaya Assets said in the filing.
