KUALA LUMPUR: Pesona Metro Holdings Bhd’s net profit rose 46.7% to RM13.67mil in the second quarter ended June 30, 2026 (2Q26), from RM9.32mil a year earlier.
The stronger performance was driven by its property development business and improved margins from ongoing construction projects.
Quarterly revenue jumped 46.2% to a record RM255.56mil from RM174.78mil previously, while earnings per share increased to 1.97 sen from 1.34 sen.
The group said revenue from its property development segment rose 34% to RM106.6mil from RM79.8mil, driven by higher project completion and sales at subsidiary Gaya Kuasa Sdn Bhd.
The construction segment remained the largest revenue contributor, generating RM142.9mil, or 56% of total revenue, while the concessionaire asset and maintenance segment contributed RM6mil.
For the first six months of FY26, Pesona Metro’s net profit jumped 56.7% to RM26.36mil from RM16.82mil in the corresponding period last year.
Revenue for the six-month period rose 39.2% to RM447.9mil from RM321.68mil.
Managing director Wie Hock Beng said the strong first-half performance gave the group confidence heading into the second half of FY26.
“As we enter the second half of FY2026, we are confident in our ability to sustain this growth momentum,” he said.
Wie said the group’s construction order book now stands at RM2.2bil across eight ongoing projects spanning retail, hospital and residential developments.
The order book includes a RM247.5mil private hospital project in Setia Alam secured in July from Setia Alam Medical Centre Sdn Bhd, a subsidiary of Mega First Corporation Bhd.
Pesona Metro said its growth prospects are also supported by its property development pipeline, anchored by REN Residensi, and stable concession income from its UniMAP student hostel concession, which runs through 2036.