PETALING JAYA: Skyworld Development Bhd’s net profit plunged by 45% year-on-year (y-o-y) for the second financial quarter ended Sept 30, 2025 (2QFY26) to RM7.9mil on lower revenue.

For 2QFY26, revenue also fell by 30% y-o-y to RM86.7mil primarily due to the completion of EdgeWood Residences and SkyVogue Residences in the previous financial year, which collectively contributed RM63.6mil in revenue in 2QFY25.

Nevertheless, the group said the impact was partially mitigated by higher revenue contributions from on-going projects.

For the six-month period ended Sept 30, 2025 (6MFY26), the group’s net profit shrunk by 56% y-o-y to RM10.8mil, or earnings per share of 1.08 sen.

Revenue dropped by 28% y-o-y to RM161.3mil, also mainly attributed to the completion of Edgewood Residences and SkyVogue Residences in previous financial year, which collectively contributed RM124.4mil in revenue in 6MFY25.

The impact was partially mitigated by the increase in revenue from ongoing projects.

As of Sept 30, 2025, Skyworld’s unbilled sales amounted to RM589mil.

The company declared a first interim dividend of 0.22 sen per ordinary share in respect of the financial year ended March 31, 2026, payable on Jan 15, 2026, with the ex-date on Jan 2, 2026.

Source: The Star (25 November 2025)