Johor Bahru, 27 August 2025 – Paragon Globe Berhad (PGB), a Main Market-listed property developer, has kicked off its financial year 2026 with a robust performance, reporting a 178.2% year-on-year surge in net profit to RM15.9 million for the first quarter ended 30 June 2025 (1QFY26).
Revenue more than doubled to RM55.6 million, up 142.4% from RM23.0 million in the same quarter last year, driven by higher property sales and land disposals. Gross profit margin also improved significantly to 50.1%, compared with 44.0% previously.
Key Earnings Drivers
The growth was underpinned by revenue recognition from land sales in Desa Cemerlang, Johor, alongside strong sales of detached factories and shop offices in Pekan Nanas. PGB’s property development division alone contributed RM55.6 million in revenue and RM23.6 million in profit before tax, more than doubling from RM22.9 million and RM9.6 million respectively in 1QFY25.
PGB Executive Chairman Dato’ Sri Edwin Tan Pei Seng said the results highlight the resilience of the Group’s property portfolio:
“The revenue growth and improved profitability reflect steady demand for our industrial and commercial offerings, while also demonstrating the value of our strategic landbank in Johor. Moving forward, we will continue to build on this momentum by advancing our residential, commercial and industrial pipeline, while embedding sustainability across all developments.”
Johor’s Growth Catalysts
The Group remains optimistic about prospects in Johor, buoyed by transformative developments such as the Johor Bahru–Singapore Rapid Transit System Link (RTS Link) and the Johor-Singapore Special Economic Zone (JS-SEZ). Both are expected to accelerate cross-border investment and spur demand for industrial and residential projects.
Upcoming projects in the Group’s pipeline include:
- Calia Residences in Danga Bay
- The Iconic in Johor Bahru city centre
- Kensington Parkview, PGB’s first landed mixed-use township in Iskandar Puteri
In line with its sustainability agenda, PGB is working with GreenRE Sdn. Bhd. and partnering financial institutions to deliver certified green developments that align with evolving market expectations.
Outlook
With Johor cementing its position as a key growth hub for Malaysia, PGB is poised to capitalise on rising demand across residential, commercial, and industrial segments. The Group expects its strong landbank, disciplined project execution, and sustainability-driven developments to sustain growth throughout FY2026.
