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Economy

Lagenda Properties second-quarter profit rises 25% on Johor township sales

Lagenda Properties Bhd posted a 25% increase in net profit to RM56.57 million for the second quarter ended June 30, up from RM45.24 million a year earlier, driven by construction progress at its affordable township developments. The board declared an interi…

Source: Lagenda Properties Berhad · August 19, 2026 at 7:01 PM · AI-assisted report

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Lagenda Properties second-quarter profit rises 25% on Johor township sales
Image: theedgemalaysia.com

JOHOR, 20 AUGUST 2026 —

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Lagenda Properties reports 25 % jump in Q2 profit, driven by Johor sales

Market Impact

KUALA LUMPUR, Aug 18 – Lagenda Properties Berhad (KL: LAGENDA) announced a 25 % rise in net profit to RM56.57 million for the three months ended 30 June 2026, up from RM45.24 million a year earlier. Revenue grew 41 % to a record RM336.24 million from RM238.89 million in the same period last year.

Background and historical performance Lagenda has built its reputation on affordable township developments across Malaysia, with a focus on the southern market. The company’s core property development segment has consistently outperformed its trading arm, a trend that has continued into the current fiscal year. In 2025, the group posted a net profit of RM45.24 million for Q2, while revenue reached RM238.89 million.

The jump in 2026 reflects both higher revenue recognition as construction progressed and stronger demand for its trading properties in the southern region.

Current development details The company highlighted that construction progress across its Johor township projects was the main driver of the stronger performance. Johor remains the largest sales market for Lagenda, accounting for roughly half of total property sales in the first half of FY2026. Strong take‑up at developments in Kulai and Kota Tinggi, including newly launched phases, contributed to the revenue increase.

As of 30 June, Lagenda’s unbilled sales reached a record RM1.75 billion, up from RM1.67 billion three months earlier.

Lagenda continues to launch new units within existing townships in Johor, Kedah, Negeri Sembilan, Pahang and Perak. The company maintains a disciplined land‑banking strategy, acquiring strategically located and affordably priced land within high‑growth corridors to support long‑term expansion. It currently holds about 3,998 acres of unlaunched land, with an estimated remaining gross development value of RM10.28 billion.

Malaysia market impact The company’s performance underscores the resilience of Malaysia’s affordable housing segment, particularly in the southern states. Lagenda’s strong sales in Johor, a key growth corridor, suggest continued investor confidence in the region’s property market.

The company’s dividend policy also reflects its cash flow: it declared an interim dividend of 3.5 sen per share, up from 3 sen in the same quarter of FY2025, with payment scheduled for 17 November and an ex‑date of 16 October.

For the first six months of FY2026, Lagenda’s net profit rose 12.2 % to RM100.74 million, while revenue increased 19 % to RM598.34 million. These figures indicate steady growth across both core development and trading segments, reinforcing the company’s position as a leading player in Malaysia’s affordable housing market.

Sector and company specifics Lagenda’s core property development segment recorded higher revenue recognition as construction progressed across ongoing projects, while its trading business benefited from stronger demand linked to construction activities in the southern region. The company’s unbilled sales and land holdings provide a solid foundation for future growth. Lagenda’s disciplined land‑banking strategy and focus on high‑growth corridors align with broader industry trends toward sustainable, affordable township development.

Outlook Lagenda Properties remains optimistic about its growth trajectory, citing continued demand for affordable housing in Johor and other southern states. The company plans to maintain its disciplined land‑banking approach and to pursue new launches within existing townships. While specific future performance metrics are not yet available, the company’s recent results suggest a positive outlook for its core development and trading segments in the coming fiscal periods.

Related: Lagenda Properties Berhad · 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.