Eastern & Oriental Bhd (E&O) delivered a solid performance for the second quarter ended Sept 30, 2025 (2QFY2026), with net profit jumping 65.3% to RM50.24 million compared with RM30.39 million a year earlier. The improvement was largely supported by stronger progress billings from its ongoing developments, particularly the Fera and Senna phases.
Revenue for the quarter rose 19.5% to RM204.36 million from RM171.03 million previously. No dividend was announced for the period.
For the first half of the financial year (6MFY2026), E&O recorded a 40.9% increase in net profit to RM95.66 million from RM67.91 million, supported by higher revenue recognition. Revenue for the six-month period expanded 15.2% to RM387.87 million, underpinned by stronger contributions from the property development segment, which posted an additional RM50.1 million.
The group highlighted ongoing strength in its developments across Andaman Island and Kuala Lumpur. Conlay Signature Suites—launched in May within the KLCC corridor—has already achieved more than 60% take-up, reflecting sustained buyer appetite for prime commercial property in KL. Meanwhile, the newly launched landed homes on Andaman Island in August 2025 are also seeing healthy demand.
E&O noted that the upcoming opening of the Gurney Bridge in December will significantly improve accessibility into Andaman Island, reducing travel time from George Town and enhancing interest from both investors and visitors. Preparations are also underway for the launch of Avea, the group’s second waterfront residential project on the island, offering views of the evolving Gurney skyline.
In the Klang Valley, the group is preparing to roll out new retail units and landed homes in Elmina—an area increasingly sought after by businesses and families looking for well-planned communities close to major industrial hubs in Selangor.
The hospitality division continues to deliver stable performance, supported by strong occupancy and elevated room rates. Penang remains a top destination for multinational travellers, with rising tourist inflows from China due to enhanced air connectivity and visa-free arrangements. Additional direct flights, starting with the Haikou–Penang route, are expected to further lift the sector.
With consistent project progress, solid sales momentum in KL and Penang, and improving regional connectivity, E&O remains well-positioned to sustain its growth trajectory.
