Author name: marketinguse

PETALING JAYA: After delivering its strongest first-half performance to date, Lagenda Properties Bhd is looking to the next chapter of growth, with RM1.75bil in record unbilled sales and nearly 4,000 acres of landbank providing strong earnings visibility.

While cautiously optimistic on Malaysia’s property outlook, the group noted its robust development pipeline will support future revenue recognition and expansion across key markets.

KUALA LUMPUR (Aug 18): Real estate developer Lagenda Properties Bhd (KL:LAGENDA) has reported a strong second quarter performance, driven by continued construction progress across its affordable township developments, especially in Johor.

The group posted a 25% increase in net profit to RM56.57 million for the three month ended June 30, 2026 (2QFY2026) from RM45.24 million a year earlier, as revenue grew 41% to a record RM336.24 million from RM238.89 million

KUALA LUMPUR : Lagenda Properties Bhd recorded 25 per cent higher net profits in the second quarter ended June 30, 2026 (Q2 FY26) than a year ago, at RM56.6 million, driven by continued construction progress and sustained demand across its key developments.

The property developer said in a statement that the performance in Q2 FY26 was its best ever, with revenue reaching a new quarterly high of RM336.2 million, due to higher revenue recognition mainly driven by townships in Selangor and Johor.

Lagenda Properties Bhd delivered its strongest first-half (1H26) performance on record, with profit after tax (PAT) reaching RM100.8 million in 1H26 on record revenue of RM598.4 million, driven by continued construction progress and sustained demand across its key township developments in Selangor and Johor.

For the second quarter, PAT hit a quarterly record of RM56.6 million, while revenue climbed to a new high of RM336.2 million.

Lagenda merekodkan jualan hartanah kira-kira RM503.8 juta pada suku kedua 2026, menjadikan jumlah jualan bagi tempoh enam bulan pertama tahun

PETALING JAYA (July 29): Lagenda Properties Bhd has secured RM475 million through the inaugural issuance under its RM1.5 billion sukuk wakalah programme, marking the affordable township developer’s first entry into Malaysia’s Islamic debt capital market.

The maiden issuance was subscribed by AmBank Group, which committed RM400 million, and Alliance Islamic Bank Bhd, which subscribed the remaining RM75 million, said the developer in a press statement on Tuesday (July 28).