Radium Development Bhd delivered a stronger financial performance in the first quarter ended March 31, 2026 (1QFY2026), driven by steady construction progress across its key residential developments in the Klang Valley. At the same time, the group is laying the foundation for a new growth pillar through its planned entry into the healthcare sector.
For the quarter, Radium recorded revenue of RM70.8 million, representing a significant increase from RM40.0 million reported in the corresponding period last year. Profit after tax (PAT) also improved to RM6.1 million compared to RM2.6 million in 1QFY2025, reflecting stronger contributions from ongoing projects.
The improved performance was mainly supported by construction progress at several flagship developments, including Suite Canselor @ Ampang, Vista Adesa and Radium Adesa @ Sungai Besi, as well as Radium Arena @ Old Klang Road. These projects continue to contribute to the group's earnings as development milestones are achieved.
Radium maintained a healthy financial position with a gearing ratio of 0.65 times and shareholders’ funds of RM836.3 million as of March 31, 2026. This balance sheet strength provides the company with the flexibility to fund ongoing developments while pursuing future growth opportunities.
Looking ahead, the group has a substantial development pipeline lined up across the Klang Valley and Selangor. Among its major projects are Vista Adesa and Radium Adesa @ Sungai Besi, with a combined estimated gross development value (GDV) of RM982 million, and Radium Arena @ Old Klang Road, comprising 988 suite apartments with an estimated GDV of RM505 million.
The company is also preparing to launch a joint-venture development in Kepong during the third quarter of 2026, carrying an estimated GDV of RM400 million. In addition, Radium plans to make its debut in Selangor through a project in Pandan Indah targeted for launch in the fourth quarter of 2026, with an estimated GDV of RM500 million.
Further strengthening its landbank, the group acquired a site in Cheras in 2025. Subject to development planning approvals, the land has an estimated GDV potential of RM2.54 billion, providing a sizeable source of future development value.
Beyond property development, Radium has taken a significant step towards diversification. At an extraordinary general meeting held in April 2026, shareholders approved the expansion of the group’s principal activities to include hospital development, healthcare services and related medical operations.
The group's first healthcare project, Radium Hospital @ Ayer Keroh, is planned as a 140-bed tertiary care hospital in Melaka. Strategically located near the Melaka International Trade Centre and within close proximity to the PLUS Highway, the facility is intended to serve residents in Melaka and the broader southern region. Operations are targeted to commence by mid-2028.
According to Group Managing Director Datuk Gary Gan Kah Siong, the stronger first-quarter results reflect the continued progress of Radium’s core property developments. He noted that the company remains focused on delivering its project pipeline efficiently while maintaining financial discipline.
The healthcare diversification initiative, meanwhile, is intended to complement the group's property business by creating a new long-term growth segment. Radium Hospital @ Ayer Keroh represents the first phase of this strategy, with the company expected to evaluate additional healthcare opportunities in the future based on feasibility studies and regulatory requirements.
Philippines