Stock Today: IOI Properties Rises On Strong Q1 FY26 Start
IOI Properties Group Bhd (IOIPG) shares climbed 2.26% to RM2.26 as of 12.01 pm today, supported by strong market interest following the Group’s robust start to its financial year ending 30 June 2026. The property developer saw 37.9 million shares change hands, with buying interest concentrated at RM2.24 and selling at RM2.26.
The stock opened at RM2.24, touching an intraday high of RM2.29 and a low of RM2.23, with the last transacted price at RM2.26, indicating positive sentiment among investors.
IOIPG reported a 41% increase in revenue to RM968.7 million for 1Q FY2026, up from RM687.9 million in the same period last year. Profit before tax surged more than fivefold to RM753.6 million, from RM133.7 million a year earlier, while profit after tax jumped to RM664 million from RM69 million.
The exceptional performance was bolstered by a remeasurement gain of RM502.8 million following the completion of the South Beach acquisition, alongside improved contributions from its Property Development and Property Investment segments.
Revenue growth was broad-based across the Group’s core businesses, with Property Development rising 47%, Property Investment up 31%, and Hospitality & Leisure increasing 44% year-on-year. Property Development sales reached RM473.6 million in the quarter, with domestic projects contributing RM384.2 million (81%) and China projects adding RM89.4 million (19%).
Within Malaysia, the Klang Valley led at RM243.4 million, driven by the matured 16 Sierra township in Puchong South and the new Senna Puteri township in Salak Tinggi, Sepang. Johor contributed RM141.7 million, supported by Bandar Putra Kulai and Taman Kempas Utama townships.
Group CEO Lee Yeow Seng said the results reflected the resilience of the Group’s core segments and its strategic focus on high-performing local and overseas developments.
“While global economic challenges may persist, the favourable interest rate outlook in Singapore and the positive prospects for the hospitality sector ahead of Visit Malaysia 2026 augur well for the Group. Barring unforeseen events, financial performance for the year is expected to remain satisfactory,” he said.
The strong quarterly performance and strategic acquisitions continue to position IOIPG for growth across its diversified property and hospitality portfolio, giving investors confidence in the stock’s near-term momentum.