Last updated on August 23, 2025
KUALA LUMPUR, Aug 22 – SkyWorld Development Berhad recorded RM74.6 million in revenue for the first quarter ended June 30, 2025 (Q1FY2026), supported by steady progress from its ongoing projects Curvo Residences and Vesta Residences. The property developer reported a pre-tax profit of RM5.6 million and net profit of RM2.8 million for the quarter.
Chief Executive Officer Lee Chee Seng said the group is moving ahead with its strategic growth agenda through several key launches. These include SkyWorld Pearlmont in Seberang Jaya, Penang, and SkyAwani PRIMA in Brickfields, Kuala Lumpur — both targeted at the affordable housing segment.
In August, the company also unveiled SkyAman 1 in Cheras, Kuala Lumpur, a low-density condominium comprising 510 units designed around balance, harmony and well-being. Lee added that more projects are in the pipeline, with combined gross development value (GDV) exceeding RM2 billion scheduled for rollout within the current financial year.
“We are optimistic these new launches will underpin a strong sales performance this year and keep us on track to achieve our RM4.6 billion project launch target by the end of 2026,” Lee said.
Solid Financial Position
SkyWorld Development highlighted its strong financial footing, supported by RM387.2 million in cash and bank balances and a low net gearing ratio of 0.12 times. The group said this capital strength allows it to fund upcoming projects, sustain operations and manage potential contingencies without financial constraints.
