KUALA LUMPUR: Pesona Metro Holdings Bhd, specialising in construction, concessionaire and property development, recorded its highest quarterly revenue in the group’s history at RM255.6 million for Q2 ended June 30, 2026 (FY26), a 46% increase from RM174.8 million recorded in Q2 FY25.
Growth was primarily driven by strong contributions from the property development subsidiary, Gaya Kuasa Sdn Bhd, supported by higher project completions and sales.
In line with the increase in revenue, profit before tax (PBT) surged 114% to RM31.0 million compared with RM14.5 million in Q2 FY25.
Net profit rose 47% to RM13.7 million from RM9.3 million in Q2 FY25.
The significant improvement was supported by improved project margins from ongoing construction projects, solid earnings contributions from Gaya Kuasa, and consistent performance from the concessionaire asset and maintenance segment.
Earnings per share improved 47% to 1.97 sen in Q2 FY26 from 1.34 sen in Q2 FY25.
The group’s property development segment was the standout performer for the quarter, posting revenue of RM106.6 million, a remarkable 34% increase from RM79.8 million in Q2 FY25, accounting for 42% of total revenue.
The construction segment remained the largest contributor, generating RM142.9 million or 56% of total revenue, while the concessionaire asset and maintenance segment contributed RM6.0 million, or 2% of total revenue.
For the cumulative 6 months (1H) of FY26, the group recorded revenue of RM447.9 million, a 39% increase from RM321.7 million in the same period last year.
PBT rose 123% to RM53.9 million from RM24.2 million, while net profit increased 57% to RM26.4 million from RM16.8 million in 1H FY25.
Managing director Wie Hock Beng said the group delivered another quarter of consistent growth, with revenue reaching a new record high.
“This growth was driven primarily by our property development segment, where higher project completions and sales at Gaya Kuasa translated into a stronger earnings contribution, demonstrating the growing scale of this business.
“This builds on a strong 1H FY26 and gives us real confidence heading into the second half of FY26.
“Affordable housing remains an important part of our growth strategy, supported by resilient demand for affordable and mid-range homes.
“The segment is highly competitive, making industry recognition particularly meaningful.
“As we enter the second half of FY26, we are confident in our ability to sustain this growth momentum,” he said.
Following the addition of the RM247.5 million private hospital project in Setia Alam secured from Setia Alam Medical Centre Sdn Bhd, a subsidiary of Mega First Corporation Bhd, in July, Wie said the construction order book now stands at RM2.2 billion across eight ongoing projects spanning a mix of retail, hospital and residential developments.
“Combined with a strong property development pipeline anchored by REN Residensi and stable concession income from our UniMAP student hostel concession secured through 2036, we believe the group is well positioned to sustain its growth momentum and create long-term value,” he said.