Radium Development Records RM94 Million Quarterly Net Profit on One-Off Land Settlement Gain

KUALA LUMPUR (Nov 13): Radium Development Bhd (KL:RADIUM) posted a net profit of RM94.24 million for the third quarter ended Sept 30, 2025 (3QFY2025), a sharp rise from RM4.81 million a year earlier. The jump was primarily driven by a one-off gain of RM123.7 million from a land settlement reached with Kuala Lumpur City Hall (DBKL).

Quarterly revenue dipped 7% to RM45.06 million compared to RM48.45 million previously, reflecting steady construction progress across several ongoing developments such as Suite Canselor @ Ampang, Vista Adesa, Radium Adesa @ Sungai Besi, and Radium Arena @ Old Klang Road—all key contributors in the group’s commercial property in KL portfolio.

Radium declared an interim dividend of one sen per share, payable on Dec 12.

DBKL Finalises Land Acquisition of Lot 810 for RM206.66 Million

In a separate filing, Radium confirmed that it has executed a settlement agreement with the Kuala Lumpur mayor, formalising DBKL’s acquisition of Lot 810 for RM206.66 million. The agreement gives effect to the compulsory acquisition under Section 47(3) of the Federal Territory (Planning) Act 1982.

This settlement follows the Court of Appeal’s ruling—later upheld by the Federal Court in June 2023—which ordered the acquisition of Lot 810, a parcel under development by Radium’s 80%-owned subsidiary, Pavilion Integrity Sdn Bhd.

Outlook: Kuala Lumpur-Centric Growth Continues

Radium expects FY2025 performance to be supported mainly by its Klang Valley development pipeline:

• Residensi Desa Timur, comprising Residensi Wilayah and Suite Apartments (combined GDV: RM1 billion)

• Radium Arena, a 988-unit suite apartment project along Old Klang Road with a GDV of RM506 million, which has seen encouraging demand since launch

Group managing director Datuk Gary Gan Kah Siong reaffirmed that Radium remains fundamentally focused on Kuala Lumpur and its surrounding growth corridors, including areas seeing rising interest for lifestyle residences and urban-linked investments close to office space in Bukit Jalil, industrial property in the Subang area, and major employment clusters.

Expansion into Healthcare: Ayer Keroh Hospital Opening by 2028

Radium’s diversification into healthcare continues to progress with its upcoming 140-bed tertiary hospital in Ayer Keroh, Melaka—formerly A Famosa Specialist Hospital—set to open by mid-2028. The facility is positioned to serve tier-two markets and support Malaysia’s expanding medical tourism ecosystem.

While healthcare will be a new revenue pillar, Radium emphasised that it complements rather than replaces its property development business, which remains driven by Klang Valley projects across both residential and commercial property in KL segments.

The group noted potential future hospital expansions in other strategic locations, pending feasibility studies and regulatory approvals.

Radium’s shares closed unchanged at 50 sen on Thursday, valuing the company at RM1.73 billion. Year to date, the stock has remained stable.