KUALA LUMPUR, Feb 26 (Bernama) -- Mulpha International Bhd's net profit jumped to RM404.30 million for the financial year ended Dec 31, 2025 (FY2025) from RM70.81 million in the preceding year.
The investment company said the better performance was supported by the gains on disposals of the group's investment securities in Hydra RL Topco Pty Ltd and equity interest in New Pegasus Holdings Ltd.
Its revenue for FY2025 surged to RM1.59 billion compared with RM1.03 billion in FY2024 due to stronger performance from the property development segment, but was partially offset by weaker performance from the hospitality and leisure, property investment, finance, as well as investment and other segments.
"The property development segment reported a significant increase in revenue of RM610.79 million for the year ended Dec 31, 2025, compared to the previous year's corresponding period due to higher settlements in the Norwest Quarter and MSC Harbour One developments in Australia following their recent completion," it said in a Bursa Malaysia filing.
For the fourth quarter (4Q) of FY2025, Mulpha posted a higher net profit of RM110.57 million compared with RM69.27 million in the same corresponding quarter, while revenue surged to RM942.22 million from RM283.89 million previously.
The group said the improved net profit in 4Q FY2025 was mainly due to stronger operational performance in its property development segment, as well as gains arising from the disposal of its investment in New Pegasus Holdings Ltd during the quarter.
Its higher 4Q FY2025 revenue was driven by stronger contributions from the property development, hospitality, and leisure segments.
On its prospects, Mulpha said its diversified portfolio is expected to continue delivering resilient performance, supported by stable demand across its hotel and hospitality, residential development, and property investment assets. "Overall, the group remains cautiously optimistic, supported by its diversified asset base and disciplined cost management, subject to prevailing economic conditions," it added.
-- BERNAMA
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