KUALA LUMPUR: Chin Hin Group Property Bhd’s full-year results for the period ending Dec 31, 2025 (FY25) affirm the group’s strategic transformation into a focused, sustainably profitable property developer.
Revenue for FY25 grew 36.8% to RM976.7 million.
In November 2024, Chin Hin Group Property disposed of the construction division, which contributed RM535.6 million to FY24 revenue, leaving it entirely absent from FY25.
The group grew revenue by over a third despite losing its largest revenue contributor, which reflects the scale of the property development ramp-up.
Gross profit margin nearly doubled from 11.4% to 20.4% — the clearest single measure of the property portfolio’s maturation.
Early-stage property projects typically have lower or negative margins due to the recognition of upfront costs before revenue. As projects progressed past their initial construction phases in FY25, margins normalised and revenue recognition accelerated.
PBT rose 200.6% to RM98.2 million, though note that FY2024 PBT included approximately RM34 million in one-off disposal gains from the sale of the Construction division and other investments. PATAMI grew 125.9% to RM58.9 million.
The property development segment is now the group’s engine, accounting for 91.6% of total revenue. Segment revenue surged 285.6% to RM895.0 million as projects, including Quaver Residence, Ayanna Resort Residences, Avantro Residences, Crown Penang, Residensi Andalan, Dawn KLCC, and Aricia Residences, progressed past their early construction phases and into active revenue recognition.
Additionally, the segment received a further boost from maiden revenue contributions from the newly launched Botanica Hills.
Segment PBT reached RM109.9 million — a RM124.6 million swing from the RM14.7 million loss posted in FY24.
Group CEO Chang Tze Yoong said FY25 validates the group’s strategic decision to focus exclusively on property development following the divestment of our construction division.
“We achieved 37% revenue growth despite the absence of construction revenue, demonstrating the strength and scalability of our core property development platform.
“More importantly, we converted our project pipeline into actual profit and hard cash. We built our RM2.2 billion unbilled sales through land securing, timely authority approvals, successful project launches, and strong sales conversion.
“Now that multiple projects have advanced past their early construction phases, earnings contributions have become more meaningful, while margins have stabilised, supported by a healthy take-up rate and disciplined cost management.” We enter 2026 with a much stronger balance sheet and exceptional multi-year earnings visibility,” he said.
The group’s financial position strengthened considerably during the year. Operating cash flow swung to a positive RM134.5 million.
Chin Hin Group Property utilises this liquidity to actively deleverage.
Total borrowings were reduced to RM357.2 million, and cash reserves grew to RM73.8 million.
Consequently, net gearing improved dramatically from 0.90x to 0.50x
Looking ahead, Chin Hin Group Property possesses immense earnings visibility.
As of Dec 31, 2025, the group’s unbilled sales stood at RM2.2 billion across nine active projects.
The group will focus on disciplined project execution while advancing its pipeline of pending land acquisitions in Seri Kembangan, Segambut, and Kuala Lumpur to sustain long-term growth.
