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Economy

Lagenda delivers record revenue and profit after tax in Q2 and 1H FY2026

Lagenda Properties Bhd reported record revenue and profit after tax in the second quarter and first half of its 2026 financial year, driven by construction progress and demand in Johor and Selangor.

Source: Lagenda Properties Berhad · August 18, 2026 at 3:30 PM · AI-assisted report

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Lagenda delivers record revenue and profit after tax in Q2 and 1H FY2026
Image: lagendaproperties.com

JOHOR, 18 AUGUST 2026 —

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PETALING JAYA, 18 August 2026 – Lagenda Properties Berhad (“Lagenda” or the “Group”) announced that its second‑quarter results for the year ended 30 June 2026 (Q2 FY2026) set new company records. Revenue rose to RM336.2 million, the highest quarterly figure in the Group’s history, while profit after tax (PAT) climbed to RM56.6 million.

Market Impact

For the first six months of FY2026 (1H FY2026), Lagenda posted record revenue of RM598.4 million and PAT of RM100.8 million, the strongest first‑half performance to date.

The surge in earnings was attributed to sustained construction progress and demand across Lagenda’s flagship developments. Revenue recognition accelerated mainly in the Selangor and Johor townships, where construction milestones were met ahead of schedule. Property sales in Q2 FY2026 totaled approximately RM503.8 million, and the Group’s 1H FY2026 sales reached roughly RM876.3 million. Johor contributed about 50 % of the 1H sales, driven by strong uptake in Kulai and Kota Tinggi phases.

The continued take‑up of newly launched phases underscored the market’s appetite for affordable homes and reinforced the Group’s earnings visibility as construction moves forward.

“We are pleased that our performance aligns with expectations,” said Lagenda’s Chief Executive Officer. “The progress of our developments and sustained demand for affordable homes across key markets underpin our optimism for continued momentum throughout FY2026. We remain committed to disciplined execution, timely delivery, and maintaining affordability.” The CEO added that the Group expects earnings to build progressively over the course of the fiscal year as projects advance through their construction stages.

Lagenda’s development pipeline remains. Unbilled sales reached a record high of approximately RM1.75 billion, providing a solid foundation for future revenue recognition. The Group’s landbank totals roughly 3,998 acres, with an estimated gross development value (GDV) of RM10.28 billion. Upcoming launches are slated for new townships in Sungai Petani, Kedah, and Senawang, Negeri Sembilan, alongside continued expansion within existing developments.

These initiatives are expected to sustain the Group’s growth trajectory and support future earnings visibility.

In line with its commitment to shareholder value, Lagenda declared a single‑tier first interim dividend of 3.5 sen per ordinary share, amounting to approximately RM29.13 million. The dividend reflects the Group’s confidence in its cash‑flow generation and its disciplined capital allocation strategy.

At the close of trade on 18 August 2026, Lagenda Properties Berhad shares settled at RM1.46, giving the Group a market capitalisation of RM1.22 billion. The share price movement followed the announcement of the record results and the dividend declaration, signalling investor confidence in the Group’s performance and future prospects.

The Malaysian property market has seen a steady demand for affordable housing, particularly in the Klang Valley and Johor regions. Lagenda’s performance mirrors this trend, with its townships capturing a significant share of the market. The Group’s focus on affordability, coupled with disciplined project execution, positions it well to capitalize on the continued demand for residential properties in the region.

Stakeholders have responded positively to Lagenda’s results. “The record revenue and PAT figures demonstrate the effectiveness of our development strategy and the resilience of the market,” said a senior analyst at a leading Malaysian brokerage firm. “Lagenda’s strong unbilled sales and expansive landbank provide a solid platform for sustained growth.”

Looking ahead, Lagenda remains cautiously optimistic about the trajectory of FY2026. The Group anticipates that the momentum generated in Q2 will carry through the remainder of the year, supported by ongoing construction progress and the launch of new phases. The company’s focus on disciplined execution, timely delivery, and maintaining affordability is expected to sustain its competitive edge in the Malaysian residential property market.

In summary, Lagenda Properties Berhad’s Q2 FY2026 results marked a historic high for revenue and PAT, while the first‑half figures set new records for the Group. With a development pipeline, strong unbilled sales, and a sizeable landbank, Lagenda is positioned to continue delivering value to shareholders and meeting the growing demand for affordable homes across Malaysia.

Related: CEO · Johor

Reporting based on Lagenda Properties Berhad. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.