DESPITE a challenging global environment, IOI Properties Group Bhd (IOIPG) delivered a resilient performance for the nine months ended March 31, 2025 (9M25), supported by robust growth in its property investment and hospitality & leisure segments.
The group reported an increase in revenue to RM2.17 billion, buoyed by a 56% surge in the property investment segment and an impressive 84% rise in the hospitality & leisure segment.
These gains helped offset a softer showing in the property development segment.
While profit before tax fell 35% year-on-year to RM430.9 million, mainly due to higher interest expenses following the opening of IOI Central Boulevard Towers in Singapore, IOIPG remains upbeat about its long-term prospects.
“While challenges in the global business environment and trade uncertainties persist, we remain confident that our diversified product offerings across three countries, sizeable recurring income stream from our established property investment portfolio, and the favourable outlook of the hospitality & leisure segment provides the Group with a solid foundation for sustained earnings ahead,” said Group CEO Lee Yeow Seng (picture).
Property development sales for the period reached RM1.14 billion, with Malaysian projects contributing RM1.02 billion – 90% of total sales.
Key growth came from Klang Valley’s matured developments such as IOI Resort City and Bandar Puteri Puchong, as well as Johor’s vibrant townships like Bandar Putra Kulai and Taman Kempas Utama.
Commemorating three decades of presence in Johor, the Group launched its “30 Years Together” campaign, offering attractive promotions and travel giveaways.
“The campaign celebrates sustained growth in the Southern Region,” said Lee. “We will continue to align our diverse product offerings to both owner-occupiers and investors alike for the years to come.”
Recurring income remains a bedrock for IOIPG, particularly from its investment properties.
IOI City Mall continues to enjoy high occupancy and strong footfall, while IOI City Tower One is nearing full leasing, highlighting demand for Grade A office spaces in Putrajaya.
Meanwhile, the group’s iconic IOI Central Boulevard Towers in Singapore has secured 80% lease commitments, reflecting healthy demand for premium office space in the city-state’s Central Business District.
In a major branding push, IOIPG launched the “Visit IOI Resort City” campaign, integrating its hotels, retail and leisure attractions to position the area as a top-tier tourism destination.
This aligns well with the national Visit Malaysia 2026 efforts and is expected to provide continued uplift for the segment.
Internationally, the newly opened 370-room Sheraton Grand Xiamen Jimei in China marks the completion of all three core business verticals – residential, retail, and hospitality – at IOI Palm City, further enhancing the appeal of the integrated 44-acre development in Xiamen.
Despite some headwinds in China and global uncertainties, IOIPG’s strategic focus on high-performing segments and a diversified portfolio is positioning the Group for continued resilience and long-term value creation.
With strong fundamentals and targeted campaigns, IOIPG is well-poised to capture future growth across Malaysia, Singapore, and China. — TMR
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