Kuala Lumpur, 27 August 2025 – KLCCP Stapled Group (the Group) reported a resilient performance for the second quarter ended 30 June 2025, recording revenue of RM410.3 million and a higher profit before tax (PBT) of RM233.6 million, underpinned by stronger retail and hotel contributions as well as lower financing costs.
Profit attributable to equity holders rose 4.9% year-on-year to RM200.5 million, reflecting steady earnings momentum. For the first half of 2025, the Group posted RM817.2 million in revenue and RM467.1 million in PBT, supported by improved hotel operations and refinancing savings.
The Group declared a dividend of 9.20 sen per stapled security for Q2, bringing the total dividend for 1H 2025 to 18.40 sen, underscoring its commitment to delivering consistent shareholder returns.
Segmental Performance
- Retail
Suria KLCC and the retail podium of Menara 3 PETRONAS delivered RM137.9 million in revenue and RM109.5 million in PBT, up from RM108.0 million last year. The growth was supported by higher base rents and better occupancy at Menara 3 PETRONAS. Suria KLCC welcomed new tenants during the quarter, including Benihana, The Shirt Bar flagship boutique, Aesop, and the Korean restaurant Pal Gae Ook, further strengthening its premium retail mix. - Hotel
Mandarin Oriental, Kuala Lumpur posted higher revenue of RM58.1 million, a 21.9% increase from last year, with PBT rising to RM5.2 million from RM0.2 million. Performance was boosted by strong banquet demand, the reopening of its upgraded ballroom, and steady international guest arrivals. - Office
The office segment contributed RM214.3 million revenue and RM115.5 million PBT, maintaining stability with full occupancy across its portfolio including PETRONAS Twin Towers, Menara 3 PETRONAS, and Menara Dayabumi.
Management Commentary
Group CEO Yong Su-Lin said the results underscore the strength of KLCCP Stapled Group’s diversified portfolio:
“Our retail and hotel assets continue to perform strongly, supported by strategic tenant mix and refurbishment works. With Suria KLCC enhancing its offerings and Mandarin Oriental delivering improved results, we remain on a solid footing to drive sustainable returns.”
Outlook
Looking ahead, KLCCP Stapled Group remains focused on enhancing asset value, curating premium experiences, and embedding sustainability across operations. Major catalysts include the continued recovery in tourism, resilient retail demand, and the stability of office rentals.
With Suria KLCC’s tenant refresh, Mandarin Oriental’s upgrades, and the Group’s proactive capital management, KLCCP is well-positioned to sustain growth and shareholder value in the coming quarters.
