KUALA LUMPUR, 20 February 2026 – I-Berhad reported a strong financial close to FY2025, with profit before tax (PBT) rising 80% year-on-year to RM77.1 million, up from RM42.8 million in FY2024, underscoring the resilience of its diversified earnings model anchored on property development, investment assets and leisure operations.
The Group, master developer of i-City, branded as Malaysia’s No.1 Digital City, delivered total revenue of RM322.6 million for the full year ended 31 December 2025, reflecting improved execution momentum and disciplined capital deployment.
Q4 Momentum Driven by Property Development
For Q4FY2025, I-Berhad recorded revenue of RM117.0 million, marking a 44% quarter-on-quarter increase, supported primarily by accelerated construction progress and higher progressive billings within i-City.
The Property Development segment emerged as the main growth driver, contributing:
- RM75.2 million in revenue (Q3FY2025: RM42.1 million)
- RM13.1 million in segmental PBT
While PBT was slightly lower than the RM16.1 million recorded in Q3, due to a prior quarter write-back of provisions, operationally, the segment demonstrated stronger execution velocity and billing recognition.
Recurring Income Provides Earnings Stability
The Group’s Property Investment segment maintained stable contributions, delivering:
- RM6.9 million in revenue
- RM3.7 million in PBT
Recurring income was supported by rental flows from Mercu Maybank, the Group’s data centre and car park assets within i-City, alongside associate income from Central i-City Mall. This segment continues to anchor earnings visibility.
Meanwhile, the Leisure and Hospitality segment sustained its upward trend, generating:
- RM33.8 million in revenue (up 6% QoQ)
- RM7.0 million in PBT
Steady visitor footfall across i-City’s attractions reinforced the township’s integrated live-work-play ecosystem and cash-flow resilience.
FY2025 Segmental Breakdown
For the full year:
- Property Development: RM172.3 million revenue | RM39.5 million PBT
- Property Investment: RM26.8 million revenue | RM19.1 million PBT
- Leisure & Hospitality: RM120.6 million revenue | RM20.9 million PBT
The balanced contributions highlight the strength of I-Berhad’s multi-engine model, blending development monetisation with recurring income and tourism-driven cash flows.
Chairman Tan Sri Lim Kim Hong said the performance reflects disciplined strategy execution and the Group’s ability to unlock value from its existing pipeline.
“The pickup in property development billings in the fourth quarter, coupled with stable recurring income from our investment assets and leisure operations, has enabled the Group to deliver another solid quarter of profitability.”
RM5 Billion GDV Pipeline Anchors Growth
I-Berhad retains approximately RM5 billion in remaining gross development value (GDV) within i-City, providing a substantial runway for future launches and earnings momentum.
The Group is positioning itself at the intersection of property and advanced technology through AI World, Malaysia’s first AI-enabled urban precinct, integrating smart infrastructure, data-driven management and robotics across the township.
A flagship component of this vision is AI Living at i-City, billed as the world’s first AI and robotics residential tower, a 500-unit development slated for completion in 2030, designed as a real-world testbed for humanoid robotics integration in residential environments.
Outlook: Recurring Income and Technology-Led Differentiation
Management remains cautiously optimistic, supported by:
- Stable Malaysian macroeconomic conditions
- Ongoing urbanisation trends
- Demand for integrated, technology-enabled townships
Strategically, the Group aims to:
- Strengthen recurring income streams
- Enhance asset productivity
- Future-proof developments through AI and robotics
By combining development monetisation with long-term recurring asset growth, I-Berhad is positioning i-City as a benchmark for AI-enabled urban living while maintaining earnings sustainability.
