Last updated on December 25, 2025
KUALA LUMPUR, 21 November 2025 — SkyWorld Development Berhad, an urban-focused property developer, recorded a strong financial performance for its second quarter ended 30 September 2025 (Q2 FY2026), posting revenue of RM86.7 million, a 16.2% increase from RM74.6 million in the preceding quarter.
Profit before tax (PBT) rose 71.1% quarter-on-quarter to RM9.6 million, while profit after tax (PAT) doubled to RM7.9 million. The earnings uplift was largely driven by higher progressive billings from Vesta Residences and contributions from the newly launched SkyAman 1 Residences in Cheras, Kuala Lumpur.
The launch of SkyAman 1 Residences significantly strengthened SkyWorld’s unbilled sales position, rising 21.9% to RM589.0 million as of 30 September 2025 from RM483.1 million at end-June. The company noted that the new project saw rapid buyer interest and strong take-up momentum.
For the cumulative six-month period (1H FY2026), SkyWorld posted revenue of RM161.3 million, with PBT and PAT amounting to RM15.2 million and RM10.8 million respectively.
CEO: Market Rewards Affordability, Execution and Quality
Chief Executive Officer Lee Chee Seng said the Group’s focus on delivering accessible, practical and well-designed urban homes continues to resonate with buyers despite broader sector uncertainties.
He said: “Current market conditions tend to favour developers that remain attentive to affordability, execution discipline and prudent financial management. Although the broader property sector is still navigating inflationary pressures and cautious sentiment, demand for well-planned urban homes has remained steady.”
Lee added that homebuyers’ response to SkyAman 1 Residences reinforces SkyWorld’s emphasis on accessibility, practical layouts and quality liveability.
Expanding into Penang
Lee also highlighted that the Group’s entry into Penang through SkyAwani Pearlmont Residences marks a strategic expansion into a market with resilient demand fundamentals.
“Penang’s urban corridor continues to exhibit resilient demand fundamentals. Our ability to introduce a thoughtfully priced product positions us to participate meaningfully in one of the country’s most dynamic property markets,” he said.
He noted that the Penang expansion aligns with SkyWorld’s disciplined growth framework and supports broader regional diversification.
Solid Financial Position to Support RM4.6 Billion GDV Commitments
As of 30 September 2025, SkyWorld held cash and bank balances of RM320.9 million, with a low net gearing ratio of 0.2 times.
This financial strength, coupled with ongoing project pipelines, enables the Group to confidently deliver its cumulative gross development value (GDV) commitments of RM4.6 billion by end-2026.
Proposed First Interim Dividend
The Board proposed a first interim dividend of 0.22 sen per share, amounting to RM2.2 million based on 1.0 billion ordinary shares. The dividend is scheduled for payment on 15 January 2026, marking the Group’s continued commitment to rewarding shareholders.
