Kuala Lumpur, 27 February 2026 – SkyWorld Development Berhad delivered a robust third-quarter performance for FYE2026, posting a 27.0% year-on-year increase in revenue to RM137.1 million, underpinned by strong take-up across its residential launches.
The urban property developer recorded gross profit of RM44.5 million for the quarter, up 4.2%, translating into profit after tax and minority interest (PATAMI) of RM13.4 million.
Nine-Month Performance
For the cumulative nine-month period ended 31 December 2025 (9MFYE2026), the Group reported:
- Revenue: RM298.3 million
- Gross Profit: RM102.4 million
- PATAMI: RM24.2 million
The topline growth was primarily driven by contributions from Curvo Residences and Vesta Residences, which together accounted for approximately 75% of quarterly turnover. Additional support came from new launches including SkyAman 1 Residences, SkyAwani PR1MA Residences, SkyAwani 6 Residences and SkyAwani Pearlmont Phase 1.
Unbilled Sales Skyrocket 83.8%
A key highlight was the surge in unbilled sales, which jumped 83.8% quarter-on-quarter to RM1.1 billion as at 31 December 2025, from RM589.0 million three months earlier.
The sharp increase reflects strong buyer demand and provides enhanced earnings visibility over the coming quarters as construction progresses and revenue recognition accelerates.
Healthy Balance Sheet
SkyWorld maintained a conservative net gearing ratio of 0.3 times, preserving financial flexibility to accelerate its project pipeline while maintaining balance sheet discipline.
Regional Expansion and Industrialised Construction
Chief Executive Officer Lee Chee Seng said the results signal a pivotal shift as the Group transitions from a Klang Valley-focused developer into a more diversified regional player, including expansion into Penang.
The Company is targeting cumulative gross development value (GDV) of RM4.6 billion by the end of calendar year 2026, of which RM2.8 billion has already been launched since listing.
In Penang, development plans have been submitted to authorities, with construction targeted to commence next quarter as part of SkyWorld’s move toward industrialised construction methods aimed at improving efficiency and scalability.
Strategic Outlook
Despite ongoing global economic volatility, management remains cautiously optimistic, citing operational agility and diversified project mix as strengths that allow the Group to adapt to market cycles.
With strong unbilled sales, disciplined gearing and a growing regional footprint, SkyWorld is positioning itself as a scalable urban developer capable of sustaining momentum across Malaysia.
