Avaland posts 41% quarterly net profit rise after strong sales
Avaland Bhd’s net profit surged 41% quarter-on-quarter to RM17.1 million in the three months to June 30, 2026.
Source: EdgeProp Malaysia · August 28, 2026 at 9:39 AM · AI-assisted report
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PETALING JAYA, KUALA LUMPUR, TAMAN U-THANT, TAMAN DESA, PETALING JAYA, 28 AUGUST 2026 —
Avaland Bhd’s net profit surged 41% quarter-on-quarter to RM17.1 million in the three months to June 30, 2026.
Market Impact
The homebuilder attributed the gain to stronger construction progress and new project launches during the quarter, according to a filing released on August 27. Quarterly revenue rose 17% to RM174.3 million from RM149.4 million in the first quarter, while new sales climbed 46% to RM222.4 million.
“This strong take-up reflects sustained demand for our developments,” Apollo Bello Tanco, Avaland’s chief executive, said in the statement. The group’s premium portfolio continued to drive sales, he added.
Unbilled sales stood at RM941.1 million as at June 30, up 4% from RM904.9 million three months earlier. Avaland said ongoing and recently launched projects underpinned medium-term earnings visibility.
During the quarter the company acquired a 1.9-acre freehold site in Taman U-Thant, Kuala Lumpur, earmarked for a luxury residential scheme with an estimated gross development value of RM700 million. It also confirmed plans to launch two projects in the second half of 2026: Accent Petaling Jaya under its AVA Prime series and Aetas Taman Desa under its AVA Luxe series.
For the six months to June 30, 2026, Avaland’s net profit fell 4% to RM29.2 million from RM30.5 million a year earlier, even as revenue rose 7% to RM323.8 million. The group said it remained cautiously optimistic, citing continued demand for strategically located developments and its upcoming launch pipeline.
Avaland’s landbank totals about 76.5 hectares with an estimated gross development value of RM12.3 billion.
Related: Avaland Bhd · Apollo Bello Tanco