Land & General Berhad (“L&G” or the “Group”) carried the strong growth achieved in FY2026 into the new financial year, recording strong growth in both revenue and profitability for the first quarter ended 30 June 2026 (“1QFY2027”), supported by continued execution across the Group’s ongoing property developments.
For 1QFY2027, Group revenue rose 61.5% year-on-year (“YoY”) to RM159.0 million from RM98.5 million in the corresponding quarter last year. The stronger performance was predominantly driven by the property division, as steady construction progress across the Group’s ongoing developments translated into higher revenue recognition. Operating profit increased 24.0% YoY to RM26.7 million from RM21.5 million, while profit before tax (“PBT”) rose 42.6% YoY to RM24.9 million from RM17.5 million.
Profit attributable to owners of the Company grew 88.7% YoY to RM21.5 million from RM11.4 million. Correspondingly, basic earnings per share nearly doubled to 0.72 sen from 0.38 sen, reflecting the Group’s stronger earnings delivery as it enters FY2027.
The property division remained as L&G’s key growth engine, generating revenue of RM146.0 million in 1QFY2027, representing a 70.7% increase YoY from RM85.5 million. Operating profit from the division rose 28.5% YoY to RM24.0 million from RM18.7 million, primarily attributable to higher revenue recognition from the Group’s ongoing developments. The education division continued to provide a stable recurring earnings contribution to the Group, complementing the stronger performance from the property division and supporting the Group’s diversified earnings base.
The strength of the quarter was also evident sequentially. Compared with 4QFY2026, Group revenue increased 11.8% quarter-on-quarter (“QoQ”), operating profit expanded 18.6%, while PBT jumped 40.3% QoQ to RM24.9 million. The higher PBT was supported by stronger core operating performance of the Group and improved contributions from the Group’s investments.
Managing Director of Land & General Berhad, Low Gay Teck said: “The strong start to FY2027 builds on the momentum achieved in FY2026 and reflects the continued execution of our ongoing developments. As construction activities progressed during the quarter, secured sales were progressively converted into revenue, with the Group recording approximately RM513 million in unbilled sales as at 30 June 2026. Looking ahead, the Group has approximately RM1.5 billion in planned launches for FY2027, which would provide opportunities to replenish our sales pipeline and sustain the Group’s growth momentum as we move through the financial year.”
Beyond its residential development pipeline, L&G continues to advance its strategy to unlock the development potential of its strategic landbank. The land-use rezoning exercise for the Group’s Kerling land continues to progress, with ongoing engagement with the relevant authorities.
Building on the progress of its industrial initiatives, the Group is also progressing plans for its land in Tampoi, Johor, with a view to developing the site into an industrial and commercial hub. These initiatives are expected to broaden the Group’s development portfolio and progressively unlock the value of its strategic landholdings.
Low added: “While our ongoing residential developments remain an important earnings driver, we are progressively broadening L&G’s growth platform for the longer term. The continued progress of our Kerling initiative, together with our plans for Tampoi, represents another step in unlocking the development potential of the Group’s strategic landbank.
Our focus remains on disciplined execution while building a more diversified earnings platform. We believe the combination of our ongoing developments, upcoming residential and industrial pipeline, stable recurring contribution from education and strategic landholdings provides L&G with multiple avenues for sustainable long-term growth and shareholder value creation.”
