KLCCP Stapled Delivers Record Dividend as Profit and Asset Values Reach New Highs

KLCCP Stapled Delivers Record Dividend as Profit and Asset Values Reach New Highs

KLCCP Stapled Group has announced its highest-ever dividend payout after closing the 2025 financial year with record earnings, underpinned by higher asset valuations and steady performance from its flagship properties in Kuala Lumpur.

For the financial year ended Dec 31, 2025, the group declared a total distribution of 47 sen per stapled security, marking a 5.6% increase from the previous year. This includes a fourth-quarter dividend of 19.1 sen per stapled security, which will be paid on Feb 27.

The stapled group, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, recorded a sharp 55.3% year-on-year jump in net profit for the fourth quarter to RM669.3 million. The strong result was mainly driven by a substantial rise in fair value gains on its investment properties, which nearly doubled to RM463.87 million.

Revenue for the quarter increased 7.4% to RM492.96 million, supported by stable retail activity at Suria KLCC and the retail podium of Menara 3 PETRONAS. Higher income from property management services, driven by scheduled maintenance works and stronger car park utilisation, also contributed to the improvement.

For the full year, KLCCP Stapled posted a 26.0% increase in net profit to RM1.28 billion, compared with RM1.02 billion previously. Annual revenue edged up to RM1.74 billion, reflecting consistent income from its portfolio of premium commercial assets in Kuala Lumpur.

Chief executive officer Datuk Mohd Salem Kailany said the group’s performance was the result of focused asset enhancement initiatives designed to strengthen operational efficiency and long-term competitiveness.

He noted that upgrades across systems and facilities helped improve reliability, tenant experience and overall asset quality, which in turn supported higher property valuations and reinforced the resilience of the group’s portfolio.

Looking ahead to 2026, KLCCP Stapled expects a more competitive operating environment as new retail centres and hotels enter the Klang Valley market. This could place pressure on discretionary consumer spending and occupancy levels. Nevertheless, the group remains optimistic, supported by tourism momentum from Visit Malaysia Year 2026 and its disciplined asset management strategy.

From a broader market perspective, the continued strength of landmark developments such as KLCC highlights investor confidence in prime commercial property in KL, even as attention grows on complementary segments including office space in Bukit Jalil, industrial land in Selangor, factory developments in Puchong, and industrial property in the Subang area, where demand remains driven by logistics, manufacturing and business expansion.

KLCCP Stapled securities closed unchanged at RM9.16, giving the group a market capitalisation of approximately RM16.5 billion.