EcoWorld Malaysia sales surpass RM5bil

By the Editorial Team · Friday, September 25, 2026

Eco World Development Group Bhd surpassed its RM4 billion sales target for the financial year ending October 2026, achieving over RM5 billion in total sales fueled by strong residential and industrial property demand. This milestone, coupled with a 36% rise in profit and expansion into Singapore, positions the company for continued growth with a new industrial park launch planned in 2027.

Eco World Development Group Bhd (EcoWorld Malaysia) has exceeded its sales target for the financial year ending Oct. 31, 2026, with total sales surpassing RM5 billion for the first time. The property developer had initially set a target of RM4 billion but recorded RM4.05 billion in sales over the first 10 months through Aug. 31. Following the RM1.01 billion sale of 221,665 acres of industrial land at Eco Business Park VII to Tera Data Centers on Sept. 22, total sales to date have exceeded RM5 billion.

The southern region led sales contributions with RM1.97 billion, representing 49% of total sales, followed by the central region at RM1.79 billion (44%) and the northern region at RM296 million (7%). Residential properties made up the majority of sales at RM2.3 billion, or 57%, which included RM1.6 billion from Eco Townships and RM700 million from Eco Rise. Industrial sales accounted for 33%, with Eco Business Parks generating RM1.04 billion and the QUANTUM pillar contributing RM281 million. The commercial segment, Eco Hubs, contributed RM424 million, or 10% of total sales.

EcoWorld Malaysia’s president and CEO Datuk Seri Chang Khim Wah highlighted the achievement, stating that the company had already surpassed its FY26 sales target during the first 10 months and that demand remained robust. He noted that Eco Business Park VII recorded RM942 million in sales from SME Core products within 10 months of its launch, largely from local industrial players. Chang expressed optimism for continued demand from both domestic and foreign industrial players, with plans to launch Eco Business Park 8 in Kulai, Johor, in 2027.

Financial results for the third quarter ended July 31, 2026, showed a 20% year-on-year increase in profit after tax (PAT) to RM120.8 million. For the nine-month period, PAT rose 36% to RM424.3 million. Third-quarter revenue and gross profit increased by 28% and 19%, respectively, compared with the previous year, supported by higher sales recognized during the period. The group reported a gross profit margin of 27.2%.

As of Aug. 31, EcoWorld Malaysia indicated future revenue of RM5.01 billion, providing visibility on earnings and cash flow in the near to medium term. The company reported gross and net gearing ratios of 0.57 times and 0.21 times, respectively, as of July 31, with cash balances—including deposits and short-term funds—standing at RM2.28 billion. The group declared a third interim dividend of two sen per share, bringing total dividends for FY26 to six sen per share, up from five sen per share in the prior year’s corresponding period.

EcoWorld Malaysia is also expanding into the Singapore market following its successful bid on Sept. 18 for a 4,283.4 square meter residential site at Lorong Puntong/Sin Ming Avenue. This will mark the company’s first development project in Singapore, with a launch targeted for 2028.

Looking ahead, Chang said the group anticipates a strong finish to FY26, supported by sustained sales growth, increased profitability, and a more diversified earnings base to support future performance.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.