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Economy

Teladan Group swings to RM9.31 million profit in 2QFY2026 on higher progressive billings

Teladan Group Bhd’s net profit attributable to shareholders jumped 42.4% to RM9.31 million in the second quarter ended June 30, 2026, from RM6.54 million a year earlier, the Melaka-based property developer said in a Bursa Malaysia filing on Thursday.

Source: EdgeProp Malaysia · August 21, 2026 at 9:01 AM · AI-assisted report

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Teladan Group swings to RM9.31 million profit in 2QFY2026 on higher progressive billings
Image: edgeprop.my

KUALA LUMPUR, 21 AUGUST 2026 —

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Teladan Group Bhd’s net profit attributable to shareholders jumped 42.4% to RM9.31 million in the second quarter ended June 30, 2026, from RM6.54 million a year earlier, the Melaka-based property developer said in a Bursa Malaysia filing on Thursday.

Market Impact

Revenue climbed 31% to RM88 million from RM67.18 million, while basic earnings per share rose to 1.12 sen from 0.79 sen. The group attributed the higher revenue to progressive billings from Taman Bertam Heights Phase 2A2, Taman Gapam Perdana Phase 1B, Pusat Komersial Bukit Intan and German Technology Park, where construction advanced steadily during the quarter.

Profit before tax surged 59.9% to RM12.92 million from RM8.08 million, driven by improved gross margins from stronger cost efficiencies and a shift toward higher-margin projects.

On a quarter-on-quarter basis, revenue slipped 8.9% from RM96.59 million in the first quarter, while profit before tax fell 6.1% from RM13.76 million. Teladan said the sequential drop reflected the completion of Taman Bertam Heights Phase 2A1 and smaller contributions from Taman Gapam Perdana Phase 1B and Taman Desa Bertam Phase 4B.

For the first half of the financial year, net profit attributable to shareholders rose 49.6% to RM19.48 million from RM13.02 million, while revenue grew 39.1% to RM184.59 million from RM132.73 million. Profit before tax climbed 56% to RM26.68 million from RM17.10 million.

Property sales totalled RM189.86 million in the first half, with unbilled sales standing at RM323.37 million as at June 30, providing what Teladan called a solid revenue base for the second half of FY2026.

Managing director Richard Teo Lay Ban said the first-half performance showed the ongoing execution of Teladan’s development pipeline, with construction progress translating into stronger revenue and profitability.

The group is exploring new opportunities in Selangor and Negeri Sembilan to reduce its concentration in the Melaka property market. It is also deepening ties with industrial and infrastructure partners, citing the Golden Valley Industrial Hub as an example of its push into higher-value segments.

Related: Bursa Malaysia

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