EcoWorld Achieves RM3.28 Billion Sales in Seven Months, Driven by Industrial and Township Developments

Eco World Development Group Bhd (EcoWorld) has achieved RM3.28 billion in sales for the first seven months of its financial year ending October 31, 2026, reaching 82% of its full-year sales target of RM4.0 billion. The performance marks the highest sales ever recorded by the group within the first seven months of a financial year.

The strong sales momentum was accompanied by improved financial results. For the second quarter ended April 30, 2026, EcoWorld reported a profit after tax (PAT) of RM138 million and declared a second interim dividend of 2 sen per share. On a cumulative basis, PAT for the first half of FY2026 rose 45% year-on-year to RM303.5 million.

Revenue Growth Supported by Industrial Land Sales

The group's first-half revenue increased by 52% compared to the corresponding period last year, while gross profit rose by 43%. Growth was largely supported by the completion of three major industrial land transactions involving Eco Business Park I, QUANTUM Edge and Eco Business Park V.

Despite ongoing market challenges, EcoWorld maintained a healthy gross profit margin of 31.3% during the second quarter, benefiting from cost efficiencies achieved on completed development phases and industrial land sales.

Future revenue, representing contracted sales yet to be recognised, reached a record RM5.38 billion as of May 31, 2026. This provides strong earnings visibility and cash flow support for the coming years.

The group also maintained a healthy balance sheet, with cash and short-term funds amounting to RM2.50 billion. Gross gearing stood at 0.61 times while net gearing remained low at 0.22 times.

Southern Region Remains the Largest Contributor

EcoWorld's projects in Iskandar Malaysia continued to be its primary sales driver, contributing RM1.66 billion or 51% of total sales achieved during the seven-month period.

The Central region, covering the Klang Valley and Negeri Sembilan, generated RM1.45 billion or 44% of total sales, while the Northern region, mainly Penang, contributed RM168 million or 5%.

The diversified geographical contribution demonstrates the group's ability to capture demand across multiple growth corridors in Malaysia.

Diversified Revenue Streams Support Growth

EcoWorld's five core business pillars contributed to its strong performance across multiple property segments.

Residential sales under the Eco Townships segment generated RM1.18 billion, with a significant portion coming from upgrader homes priced above RM650,000. The Eco Rise segment, which includes high-rise and affordable apartments, recorded RM556 million in sales, representing a 29% increase from the previous year.

Commercial developments under the Eco Hubs segment contributed RM391 million.

The group's industrial developments emerged as a major growth engine, with Eco Business Parks generating RM870 million in sales, while the QUANTUM data centre and high-tech segment contributed RM281 million. Together, these industrial-related segments accounted for RM1.15 billion or 35% of total group sales.

Industrial Business Continues to Accelerate

The industrial segment has become EcoWorld's fastest-growing business division, recording a compound annual growth rate of 41% between FY2020 and FY2025.

Sales achieved within the first seven months of FY2026 already represented 94% of the segment's total sales recorded in FY2025, positioning the division for another record-breaking year.

One of the key contributors is Eco Business Park VII, launched in November 2025. The project has recorded RM796 million in sales, driven by strong demand for cluster factories, semi-detached industrial units and industrial land parcels suitable for SMEs.

Growing Presence in the Data Centre Sector

EcoWorld has also strengthened its position in Malaysia's rapidly expanding data centre market through its QUANTUM development platform.

In April 2026, the group completed the sale of two final land parcels at QUANTUM Edge to KNBDC Malaysia Five Sdn Bhd for RM281 million. The transaction involved approximately 49.6 acres of land.

Since launching the QUANTUM initiative less than two years ago, EcoWorld has secured more than RM1.87 billion in cumulative sales to regional and global hyperscale data centre operators across its industrial parks.

This achievement highlights the growing demand for data centre infrastructure in Malaysia and the increasing importance of industrial land tailored for digital economy investments.

Future Growth Through Eco Business Park 8

Looking ahead, EcoWorld is preparing to launch Eco Business Park 8, a 935-acre industrial development in Kulai, Johor.

The project will be developed jointly with SD Guthrie Bhd and Permodalan Darul Ta'zim Sdn Bhd.

The new industrial park is expected to cater to continued demand from both local manufacturers and multinational corporations. EcoWorld's existing industrial parks currently house more than 1,800 businesses, providing a strong ecosystem for future industrial expansion.

Residential Demand Remains Strong

Apart from industrial developments, EcoWorld continues to record strong demand for its township projects.

One of the standout performers is Eco Botanic 3, launched in September 2025. The township has generated RM489 million in sales within the current financial year, reflecting sustained demand from homebuyers in the Iskandar Malaysia region.

The strong take-up rate demonstrates continued confidence in well-planned township developments despite broader economic uncertainties.

Conclusion

EcoWorld's strong performance in FY2026 highlights the benefits of maintaining a diversified property portfolio across residential, commercial, industrial and data centre-related developments. The group's record sales achievement, growing future revenue pipeline and expanding industrial business position it well for sustained growth.

With industrial parks and data centre developments becoming increasingly important contributors, EcoWorld is successfully capitalising on Malaysia's growing role as a manufacturing and digital infrastructure hub while continuing to deliver strong demand for its residential township projects.

Key Takeaways

This article shows how property developers are increasingly diversifying beyond traditional residential projects into industrial parks and data centre-related developments. I learned that industrial properties have become a major growth driver for EcoWorld, contributing more than one-third of total sales. The success of projects such as Eco Business Park VII and QUANTUM Edge also highlights the growing demand from manufacturers, multinational corporations and data centre operators. Additionally, the strong sales performance of Eco Botanic 3 demonstrates that well-planned township developments continue to attract buyers, especially in high-growth regions such as Iskandar Malaysia.