Press Release

Lagenda Properties Posts 17.2% Revenue Growth in Q1 FY2025, Unveils Maiden Phase of 1,000-Acre Kulai Township KUALA LUMPUR, 27 May 2025 – Lagenda Properties Berhad (“Lagenda” or “the Group”) (KLSE: LAGENDA – 7179), a leading developer of affordable housing and integrated townships, recorded a 17.2% increase in revenue, rising from RM225.62 million in Q1FY2024 to RM264.40 million in the current quarter. The Group reported net earnings of RM44.59 million for the first quarter ended 31 March 2025 (Q1FY2025), a rise of 4.05% year-on-year from RM42.86 million in the corresponding quarter last year. Earnings per share (EPS) improved to 5.32 sen, compared to 5.10 sen in the same period last year. In a bourse filing on Tuesday, Lagenda reported a notable increase in revenue, primarily driven by higher revenue recognition from ongoing developments including Darulaman Lagenda in Sungai Petani (Kedah), Lagenda Ardea in Ulu Bernam (Selangor), Puncak Warisan in Kota Tinggi, and Lagenda Suria in Mersing (Johor). Confirmed sales for the period reached RM252 million, underpinned by strong demand at La’ Indera (Kuantan, Pahang) and Puncak Warisan (Kota Tinggi, Johor). As of March 2025, unbilled sales totaled RM898.9 million, complemented by outstanding bookings of RM268.8 million, thereby providing strong revenue visibility for the coming quarters. The Group recently announced a strategic land acquisition of 138.17 acres in Senawang, Negeri Sembilan, bringing its total landbank as at the end of Q1FY2025 to 5,201 acres, with an estimated Gross Development Value (GDV) of RM13.5 billion. This reinforces its robust development pipeline across six key states: Perak, Selangor, Johor, Kedah, Pahang, and now Negeri Sembilan. Managing Director, Dato’ Jimmy Doh, highlighted a key milestone for the Group, stating, “We are proud to have recently launched the maiden phase of our 1,000-acre affordable township in Kulai, Johor—marking a significant step in solidifying our presence in the hottest and most promising growth corridor in Malaysia. The strong initial response underscores the continued demand for affordable landed homes in well-planned, emerging locations.” The Group continues to uphold its strategy of developing integrated townships nationwide, focusing on affordable, practical, and sustainable homes priced below RM300,000, with convenient access to essential amenities and infrastructure including schools, transportation, and recreational facilities. Dato’ Jimmy added, “Driven by continued demand for affordable housing, we are doubling our launch target from 4,000 to 8,000 units this year. At the close of trade, Lagenda shares stood at RM1.20, valuing the Group at RM1.0 billion.   ABOUT LAGENDA PROPERTIES BERHAD LAGENDA PROPERTIES BERHAD (“Lagenda” or KLSE: LAGENDA (7179)) is a property developer listed on the Main Market of Bursa Malaysia. We began our journey in affordable housing development in early 2018, focusing on our core expertise: developing self-sustaining townships in Perak. Since then, the company has expanded its township developments to the states of Selangor, Johor, Kedah, Pahang and Negeri Sembilan. Our townships prioritise community-based facilities and public amenities that cater to the needs of most Malaysian homebuyers in the B40 and M40 income groups. With 5,201 acres of landbank across six states and growing, our goal is to build economical and affordable homes. Our long-term objective is to become a sustainable developer in Malaysia. View Press Release Share

Lagenda Properties Berhad Sees 24% Surge in 4QFY2024 Net Profit, Recorded RM1.13 billion in Annual Sales KUALA LUMPUR, 25 FEBRUARY 2025 – Lagenda Properties Berhad (“Lagenda” or “the Group”, KLSE: LAGENDA (7179)), a leading affordable housing and integrated township developer, reported a 24% increase in net profit for the fourth quarter ended December 31, 2024 (4QFY2024), reaching RM46.09 million compared to RM37.22 million in the same quarter last year. This growth was driven by higher contributions from new sales and construction progress of active phases. Quarterly revenue decreased by 2.4% to RM233.90 million from RM239.65 million in the same quarter last year, due to early construction stages of newly launched projects such as La’ Indera Phase 1A (Kuantan, Pahang), Puncak Warisan Phase 1 (Kota Tinggi, Johor) and Lagenda Suria Phases 1A and 1B (Mersing, Johor).  Earnings per share (EPS) rose to 5.52 sen from 4.42 sen in the corresponding quarter last year, reflecting a growth of 24%.  For FY2024, the Group’s net profit soared by 24.6% to RM 184.60 million from RM 148.11 million in the previous year, as annual revenue expanded by 18.4% to RM 988.77 million from RM 834.87 million previously.  In a statement accompanying the results, the Group reported RM265.6 million in sales for Q4FY2024, with full year confirmed sales totaling RM1.13 billion, which is the highest annual sales in the Group’s history, underscoring its strong market position.  The Group also reported unbilled sales of RM896.3 million and total bookings of RM473.4 million.  As of the end of the financial year, the Group’s landbank stood at 5,063 acres with a Gross Development Value of RM13.0 billion, bolstering its long-term development pipeline. Lagenda Aman, Lagenda Teluk Intan Phase 3A in Perak, and Darulaman Lagenda Phase 2 and 3A in Kedah, emerged as significant revenue drivers for the Group in the fourth quarter. The Group also completed Darulaman Lagenda Phase 1 during the quarter.  Meanwhile, the newly launched projects in the fourth quarter, La’ Indera Phase 1A in Kuantan, Pahang and Lagenda Ardea Phase 2A in Ulu Bernam, Selangor have seen positive market reception. Managing Director of Lagenda, Dato’ Jimmy Doh, stated, “We are pleased with our notable achievement in FY2024, driven by successful project completions, strong sales performance, property launches, and supportive government policies and incentives.  Our outlook for 2025 remains positive as we actively pursue growth opportunities in the sector, aiming for more than 30% increase in total sales to ensure sustainable, long-term growth.” He further added, “We are thrilled to expand our large-scale affordable housing presence in Johor with the upcoming launch in Kulai, solidifying our commitment to becoming Malaysia’s preferred developer of affordable homes.” View Press Release Share

Lagenda Properties Berhad Sees 24% Surge in 4QFY2024 Net Profit, Recorded RM1.13 billion in Annual Sales KUALA LUMPUR, 25 FEBRUARY 2025 – Lagenda Properties Berhad (“Lagenda” or “the Group”, KLSE: LAGENDA (7179)), a leading affordable housing and integrated township developer, reported a 24% increase in net profit for the fourth quarter ended December 31, 2024 (4QFY2024), reaching RM46.09 million compared to RM37.22 million in the same quarter last year. This growth was driven by higher contributions from new sales and construction progress of active phases. Quarterly revenue decreased by 2.4% to RM233.90 million from RM239.65 million in the same quarter last year, due to early construction stages of newly launched projects such as La’ Indera Phase 1A (Kuantan, Pahang), Puncak Warisan Phase 1 (Kota Tinggi, Johor) and Lagenda Suria Phases 1A and 1B (Mersing, Johor). Earnings per share (EPS) rose to 5.52 sen from 4.42 sen in the corresponding quarter last year, reflecting a growth of 24%. For FY2024, the Group’s net profit soared by 24.6% to RM 184.60 million from RM 148.11 million in the previous year, as annual revenue expanded by 18.4% to RM 988.77 million from RM 834.87 million previously. In a statement accompanying the results, the Group reported RM265.6 million in sales for Q4FY2024, with full year confirmed sales totaling RM1.13 billion, which is the highest annual sales in the Group’s history, underscoring its strong market position. The Group also reported unbilled sales of RM896.3 million and total bookings of RM473.4 million. As of the end of the financial year, the Group’s landbank stood at 5,063 acres with a Gross Development Value of RM13.0 billion, bolstering its long-term development pipeline. Lagenda Aman, Lagenda Teluk Intan Phase 3A in Perak, and Darulaman Lagenda Phase 2 and 3A in Kedah, emerged as significant revenue drivers for the Group in the fourth quarter. The Group also completed Darulaman Lagenda Phase 1 during the quarter. Meanwhile, the newly launched projects in the fourth quarter, La’ Indera Phase 1A in Kuantan, Pahang and Lagenda Ardea Phase 2A in Ulu Bernam, Selangor have seen positive market reception. Managing Director of Lagenda, Dato’ Jimmy Doh, stated, “We are pleased with our notable achievement in FY2024, driven by successful project completions, strong sales performance, property launches, and supportive government policies and incentives. Our outlook for 2025 remains positive as we actively pursue growth opportunities in the sector, aiming for more than 30% increase in total sales to ensure sustainable, long-term growth.” He further added, “We are thrilled to expand our large-scale affordable housing presence in Johor with the upcoming launch in Kulai, solidifying our commitment to becoming Malaysia’s preferred developer of affordable homes.” Lagenda’s Board of Directors has declared a single-tier second interim dividend of 3.50 sen per ordinary share, totaling RM29.31 million, payable on 20 May 2025. This brings the total dividend for Lagenda’s shareholders for FY2024 to 6.50 sen per ordinary share, amounting to RM54.43 million. With a net profit of RM184.60 million for FY2024, the dividend payout ratio stands at 29.5%. View Press Release Share

Lagenda Properties Expands Its Footprint into Negeri Sembilan with Acquisition of 138.17 Acres of Land for RM60.19 million KUALA LUMPUR, 20 MARCH 2025 – Lagenda Properties Berhad (“Lagenda”), through its wholly owned subsidiary, Vivafirst Sdn Bhd, has acquired 138.17 acres of land in Seremban, Negeri Sembilan for RM60.19 million. This acquisition, with an estimated gross development value (GDV) of RM560 million, marks Lagenda’s strategic entry into Negeri Sembilan, further expanding its development footprint across Malaysia. Strategically situated in the heart of Senawang, close to key industrial parks and established residential developments, this acquisition represents Lagenda’s first venture into Negeri Sembilan and its sixth state nationwide.  The site is ideally positioned to tap into the strong demand for affordable housing in the surrounding areas. With its well-connected infrastructure and proximity to essential amenities, this location offers exceptional potential for the development of a large-scale, integrated and affordable township. Lagenda’s Group Managing Director, Dato’ Jimmy Doh, stated, “As part of our strategic growth plan, we are actively exploring expansion opportunities in new states where we have yet to establish a presence.  Senawang, with its close access to key infrastructure such as the North-South Expressway (PLUS), LEKAS Highway, public transportation, essential amenities, industrial parks, and established residential communities, stands out as an ideal location for us to advance our mission of developing affordable homes within integrated townships.  This will create long-term value for both residents and stakeholders. “As Senawang has evolved from an industrial hub into a vibrant and thriving township, it has drawn a diverse population.  We are confident that our expertise will allow us to address the growing demand for affordable homes and a practical lifestyle, especially for skilled workers and young families,” he added. With this latest acquisition in Negeri Sembilan, Lagenda Properties will have its land bank increase to a total of 5,201 acres, further solidifying its presence across key states starting with Perak, Selangor, Johor, Kedah, and Pahang. Lagenda’s strategy has consistently focused on acquiring sites situated just outside established towns yet still offering easy access to essential amenities and key infrastructure.  This approach enables Lagenda to effectively address the housing needs of the underserved of B40 and M40 income groups, making homeownership more accessible to a broader range of Malaysians. As Malaysia continues to face challenges in providing sufficient affordable homes for its growing population, Lagenda’s efforts to meet the housing needs of the B40 and M40 income groups are crucial in bridging the affordability gap and ensuring more Malaysians can achieve homeownership.  These efforts align with the 12th Malaysia Plan (12MP), which emphasizes the importance of closing the urban-rural living gap and addressing the increasing deficit in affordable housing. View Press Release Share

Lagenda Properties Q3FY2024 Net Profit Rises 22.6% To RM47.3 Million Records highest-ever quarterly property sales of RM349 million Bookings received for recent property launches in Selangor and Johor has surpassed 85% since their debut in May Total landbank spans 5,225 acres across 5 states, supporting the group’s long-term growth and development plans KUALA LUMPUR, 25 NOVEMBER 2024 – Lagenda Properties Berhad (“Lagenda” or “the Group”, KLSE: LAGENDA (7179)), a leading affordable housing and integrated township developer posted a 22.6% year-on-year increase in net profit to RM47.3 million for the third quarter ended 30 September 2024 (“Q3FY2024”). During Q3FY2024, the Group recorded revenue of RM283.4 million, representing a significant year-on-year increase of 30.1% compared to RM217.9 million in the same quarter of the previous year. This growth was driven by an increase in revenue across the property development, construction, and trading segments. Specifically, the property development segment registered a 50.5% increase in revenue, spurred by the successful launches of new projects such as Darulaman Lagenda Phase 3A (Kedah), Lagenda Suria Phases 1A and 1B (Johor), Puncak Warisan Phase 1 (Johor) and Lagenda Aman (Perak). The Group also achieved a new milestone in this quarter, recording its highest-ever quarterly property sales of RM349 million, with contributions from the states of Perak, Johor, and Selangor. As of 30 September 2024, the Group reported unbilled sales of RM835.2 million and additional bookings totalling RM306.5 million, further strengthening its earnings outlook. On a year-to-date basis, Lagenda recorded a 24.9% increase in net profit to RM 138.5 million, compared to RM 110.9 million in the previous year, while revenue rose by 26.8% to RM754.9 million from RM595.2 million. Notably, Lagenda’s property sales reached RM869 million over the past nine months, marking a 9% increase compared to the same period of the previous year. This achievement is proof of the widespread acceptance of Lagenda’s affordable housing model among Malaysians nationwide. Managing Director of Lagenda, Dato’ Jimmy Doh Jee Ming <拿督卓致明> said, “Achieving record-breaking sales this quarter is evidence of the sustained demand for affordable housing as we continue expanding nationwide and is a testament to our team’s dedication and hard work. Together, we will continue building homes that empower communities and contribute to a brighter future for the country.” Looking ahead, Lagenda emphasised the positive impact of the measures introduced in Budget 2025 for the property development sector, particularly in affordable housing. Notable initiatives include a RM10 billion allocation for government-guaranteed loans of up to RM500,000 for first-time homebuyers and a tax relief of up to RM7,000 for this group. Furthermore, the recently announced phased salary increments for civil servants across the country are expected to boost demand further. “Lagenda remains steadfast in its mission to provide affordable homes at strategic locations, ensuring that quality housing is accessible to the masses. The initiatives outlined in Budget 2025 align perfectly with our vision, reinforcing our commitment to meeting the needs of first-time homebuyers and supporting the B40 and lower-M40 communities.” Dato’ Jimmy Doh added. Earnings per share (EPS) for Q3FY2024 increased to 5.64 sen, up from 4.63 sen in the same quarter a year ago, representing a growth of 21.8%. View Press Release Share

Lagenda Properties Q1 Revenue Increases 24.7% To RM225.6 Million Profit after tax increased 9.0% y-o-y to RM42.9 million KUALA LUMPUR, 27 MAY 2024 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties” or “the Group”, Stock Code: 7179) has today released its first quarter financial results for the three months ended 31 March 2024 (“Q1FY2024”). In Q1FY2024, Lagenda Properties reported revenue and profit after tax (“PAT”) of RM225.6 million and RM42.9 million, respectively. Revenue and PAT were 24.7% and 9.0% higher in comparison to the corresponding quarter last year due to strong sales momentum and growing construction progress from various projects, most notably Lagenda Teluk Intan, Lagenda Tropika, and Darulaman Lagenda. Demand for the Group’s homes remained high as Lagenda Properties recorded confirmed sales of RM222.6 million for Q1FY2024. The majority of sales was driven by Lagenda Suria in Johor and the newly launched Lagenda Aman in Perak. Further, bookings were recorded at RM230.7 million which provide a solid pipeline for future sales conversion. Revenue visibility for 2024 was underscored by unbilled sales amounting to RM633.7million, which will mostly be recognised as revenue in 2024 as construction activities continue to escalate across various projects in the coming months. Managing Director of Lagenda Properties, Dato’ Jimmy Doh Jee Ming <拿督卓致明> commented: “We are pleased with our performance in the first quarter of 2024. Revenue and profit after tax grew by 24.7% and 9.0% year-on-year to RM225.6 million and RM42.9 million respectively. This is a good start to the year and sets the tone for a fruitful 2024 as we look to increase our momentum over the coming quarters. Looking ahead, we expect our confirmed sales to grow over the upcoming quarters as we will ramp up our launches. We had only launched over 500 units in Q1FY2024 and so far as of May 2024, that figure has now reached over 3,000 units. Our goal is to launch more than 8,000 units overall across Perak, Johor, Selangor and Pahang over the course of the year, which will expand our presence to five states in Malaysia inclusive of Kedah. This marks a significant increase from the 3,600 homes launched in 2023 and reflects our commitment to addressing the growing nationwide demand for affordable housing. To add on, based on our target launches this year, over 75% of our launches in 2024 will be outside our initial homebase of Perak. With our proven track record and strong take-up rates to date, we are confident that the new launches will be well-received by the market. Our growth plans are backed by our landbank of 5,310 acres which carries a remaining Gross Development Value (GDV) of approximately RM14.8 billion. We will primarily focus on capitalising on the demand for affordable housing in Johor, where we currently hold approximately 1,522 acres, representing 29% of our total landbank. Moving forward, we are dedicated to further establishing ourselves on a larger scale as the preferred affordable housing developer for Malaysians. Overall, we are optimistic on our prospects for the remainder for the year and excited of our future growth in the years to come. View Press Release Share

Lagenda Properties Berhad’s Confirmed Sales Hit Record High: Exceeding RM1 Billion in FY2023 Declares Second Interim Dividend of 3.5 sen per share, cumulating to a payout ratio of 36% for FY2023 KUALA LUMPUR, 28 FEBRUARY 2024 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties”, “Lagenda” or “the Group”, Stock Code:7179) has today released its fourth quarter financial results for the three months ended 31 December 2023 (“4Q2023”). In 4Q2023, Lagenda registered revenue of RM248.1 million, marking a significant 14% and 26% increase compared to the preceding two quarters (being 3Q2023 and 2Q2023, respectively), reflecting the ongoing momentum in sales and construction activities. Profit after Tax and Minority Interests (“PATAMI”) for 4Q2023 reached RM41.9 million, surpassing the RM38.8 million recorded in 3Q2023, driven by enhanced sales conversion and higher project completion due to accelerated construction progress. On a full-year basis, revenue for the twelve months ended 31 December 2023 (“FY2023”) closed at RM843.3 million, while PATAMI stood at RM153.1 million. To reward shareholders, Lagenda declared a second interim dividend of 3.5 sen per share payable on 30 April 2024, bringing the total dividend declared in respect of FY2023 to RM54.4 million, equivalent to approximately 36% of PATAMI. Notably, confirmed sales for the year reached the RM1.04 billion mark, showcasing a remarkable 33% increase compared to the previous year’s figure of RM788 million. With projects reaching mid-development cycle in 2024, there will be faster revenue recognition compared to 2023 when most projects were in the early stages. As of 31 December 2023, the Group’s unbilled sales stood at RM732.4 million, while outstanding bookings reached RM268.3 million, providing visibility of future revenue. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明>, commented: In FY2023, we achieved a significant milestone by exceeding RM1 billion in confirmed sales for the first time. This is a clear testament to the robust demand for our affordable and wellplanned townships. This achievement underscores our commitment to providing quality homes that meet the needs of Malaysians. In the past year, our focus has been on fortifying operational capabilities, laying the groundwork for a multi-state expansion, and strategically replenishing our landbank to fuel future growth. We are confident that this foundation will position us favourably in the coming years. Beyond sales figures, we expanded our geographic footprint in 2023, launching projects in three states: Perak, Kedah, and Johor. In Johor, we currently have a sizable remaining landbank of approximately 1,500 acres of land with an estimated Gross Development Value (“GDV”) of RM5.6 billion, where we plan to launch three townships by the end of 2024. This expansion reflects our positive outlook on this vibrant state and the potential it holds. We believe there is vast untapped demand for affordable housing in Johor, where a significant number of households still lack homeownership. Additionally, we have the option to acquire another 200 acres in Johor, providing us with flexibility and the opportunity to further expand our presence in this promising market. 2024 is poised to be a vibrant and exciting year for Lagenda as we plan to launch over 8,000 units of affordable homes, more than doubling the figure from 2023. We are ramping up to commence launches in two new states, Selangor and Pahang, expanding our presence to five states by year-end. This nationwide presence allows us to cater to a broader range of buyers and contribute to the housing needs of communities across Malaysia. With our continued focus on of Environmental, Social, and Governance (“ESG”) initiatives, we maintained our status as a constituent of the FTSE4Good Bursa Malaysia Index and FTSE4GOOD Bursa Malaysia Syariah Index. Moving forward, we have plans to further integrate ESG elements into our core business of affordable housing, particularly focusing on the renewable energy sector, where our vast townships present an ideal canvas for innovative solar projects,” he added. View Press Release Share

Lagenda Properties Berhad Achieves Record Confirmed Sales of RM796 Mil For 9M 2023 KUALA LUMPUR, 20 NOVEMBER 2023 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties”, “Lagenda” or “the Group”, Stock Code:7179) has today released its third quarter financial results for the three months ended 30 September 2023 (“3Q 2023”). In 3Q 2023, Lagenda registered revenue of RM217.9 million, an increase of 21% compared to RM180.7 million achieved in the corresponding period of the previous financial year (“3Q2022”). The uptick in revenue was from heightened construction activities and sales conversion from various projects, most notably Lagenda Teluk Intan 3A & 3B, and Darulaman Lagenda (Kedah). Profit after tax and minority interest (“PATAMI”) during the quarter was RM38.8 million as compared to RM35.7 million in 3Q2022. Confirmed sales for the first nine months of the year reached RM796 million, marking a remarkable 44% increase from the same cumulative period of the previous year and surpassing the total confirmed sales for the entire financial year 2022. Unbilled sales as at 30 September 2023 amounted to RM855.1 million providing visibility in the coming quarters, while bookings of RM297.0 million provide a robust pipeline for future sales. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明> commented: “Our results for 3Q 2023 began to show a positive trajectory having successfully transitioned to Industrialised Building Systems (IBS) for our newer projects in Teluk Intan and Kedah. We are now positioned for accelerated progress in the upcoming quarters as construction activities continue to ramp up. With this, we anticipate a swifter conversion of sales into revenue and profits moving forward. Confirmed sales are the leading indicator for demand and future revenue, and we achieved a new record for confirmed sales in 3Q 2023. This robust momentum is expected to persist into 2024 and beyond, propelled by high bookings for projects such as Darulaman Lagenda (Kedah), Lagenda Teluk Intan (Perak), and Lagenda Suria (Mersing). With construction activities progressing as planned and rising sales, we are well-positioned for the future. Lagenda specialises in affordable landed homes with lifestyle facilities, thriving in a market where demand remains consistently strong. Having recently launched our latest township in Mersing, Johor, we have expanded our presence into three states. The latest launch in Mersing was met with overwhelming demand, demonstrating the evergreen appeal of our townships and reinforcing that we are adopting the right strategies to replicate our success. Lagenda has a distinctive value proposition and remains confident in our ability to deliver value. Our sizable vacant land bank of almost 4,700 acres with an estimated remaining GDV of above RM12 billion provides sustainability of long-term growth. With a scalable business model, commitment to affordability and focus on ESG, Lagenda is poised to expand into more new states next year, making landed homes accessible to a broader spectrum of Malaysians,” he added. View Press Release Share

Lagenda Properties Achieves 42% Jump in Confirmed Sales to RM507 Million For 1H 2023 KUALA LUMPUR, 21 AUGUST 2023 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties”, “Lagenda” or “the Group”, Stock Code:7179) has today released its second quarter financial results for the three months ended 30 June 2023 (“2Q2023”). In 2Q2023, Lagenda registered revenue of RM196.4 million, an increase of 8.5% as compared to RM181.0 million achieved in the first quarter of this year (“1Q2023”) primarily from better sales conversion. Profit after tax and minority interest (“PATAMI”) during the quarter was RM33.2 million as compared to RM39.3 million in 1Q2023. PATAMI was higher in the preceding quarter mainly due to a revaluation surplus amounting to RM4.8 million. Demand for Lagenda’s homes continued on a strong trajectory in 2Q2023 and we recorded confirmed sales of RM507.0 million in the first half of the year, surpassing last year’s achievement by 42%, driven by Darulaman Lagenda in Kedah. Revenue and earnings visibility is further underscored by unbilled sales amounting to RM811.2 million as of 30 June 2023, while bookings of RM347.6 million provide a solid pipeline for future sales. Lagenda continues to reward shareholders and declared a first interim single-tier dividend of 3.0 sen per ordinary share which will be paid on 25 September 2023. The total dividend payout amounts to RM25.1 million, representing a payout ratio of 35% for the six months ended 30 June 2023. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明> commented: “During the first half of the year, we were transitioning from traditional construction methods to Industrialised Building Systems (IBS) for our newer projects in Teluk Intan and Kedah. This led to a temporarily slower construction pace which was expected as we were getting used to the new IBS system. Owing to this, revenue recognition was lower in comparison to the previous financial year. However, we are now moving towards full implementation of IBS in these projects, and we expect to see an acceleration in construction speed. Our confirmed sales and project take-ups have surged strongly, reaching RM507 million for the 1H 2023 which was our strongest performance in any six months and a spike of 42% compared to the same period of last year. With construction activities gaining momentum, we will see faster conversion of sales into revenue and profits in the coming quarters. There is still a significant shortage of affordable housing across most states and demand will remain robust in the foreseeable future. Lagenda has a proven track record of delivering landed affordable housing with lifestyle facilities and our key projects have recorded take-up rates of above 90%. This re-affirms that we are attuned to the market’s preferences and needs. Affordable housing development goes beyond merely constructing homes. It involves creating sustainable communities that prioritise the environment and well-being of residents. Lagenda was included as a constituent of the FTSE4GOOD Index in June, and we will continue to integrate sustainability elements into our business strategies. We are confident in our positioning and ability to grow to deliver value over the long term. Our sizable vacant land bank of almost 4,700 acres across five states with an estimated remaining GDV of above RM12 billion provides us with a solid foundation for future growth. We also have a strong balance sheet with low net gearing of 0.05 times, giving us the financial flexibility to pursue strategic initiatives to widen our footprint. Lagenda is at the start of a promising journey with the potential to become one of the preferred affordable housing developers in Malaysia,” he added. View Press Release Share

Lagenda Properties to Launch More Than 7,000 Affordable Homes in FY2023 KUALA LUMPUR, 22 MAY 2023 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties” or “the Group”, Stock Code:7179) has today released its first quarter financial results for the three months ended 31 March 2023 (“1Q2023”). In 1Q2023, Lagenda Properties reported revenue and profit after tax and minority interest (“PATAMI”) of RM181.0 million and RM39.3 million, respectively, while confirmed sales surged to RM257.5 million, an impressive 78% year-on-year increase. Revenue and PATAMI were 6% and 16% lower compared to the previous year’s corresponding quarter (1Q 2022) due to the different timing and stages of construction activities directly impacting revenue recognition. Lagenda Properties anticipates an acceleration in the construction progress for various townships, including Darulaman Lagenda (Kedah) and Lagenda Tropika (Perak), in the later part of the year. This will lead to a corresponding increase in progress billing, allowing revenue and profit to catch up for FY2023. Lagenda remains bullish for FY2023 and the future, backed by the strong demand for the Group’s homes as evidenced by its impressive growth in confirmed sales. Notably, a significant portion of the growth in confirmed sales was driven by booking conversions in Darulaman Lagenda, which achieved an outstanding take-up rate of 94% as at the end of 1Q 2023. Building upon this success in Kedah, the Group has plans to launch Phase 3 in the second half of 2023. Revenue visibility is further underscored by unbilled sales amounting to RM781.8 million, while bookings of RM433.0 million as of 31 March 2023 provide a solid pipeline for future sales conversion. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明> commented: “We are satisfied with our performance in 1Q2023. It is important to note that revenue and profits in the property development industry are closely tied to the construction stages of projects. As we embark on more projects in the future, we anticipate that our revenue recognition will be more evenly spread across these developments throughout the year. In the forthcoming months, we anticipate a surge in momentum as we plan to launch over 7,000 homes across Perak, Kedah, and Johor this year. This is a significant increase in our launch volume, compared to the 4,800 homes launched in 2022 and demonstrates our commitment to meeting the growing demand for affordable housing while expanding our market footprint. With our proven track record and take-up rates so far, we are confident that the new launches will be well-received by the market. From a sales perspective, we have seen momentum increase steadily from January to March, and we anticipate this trend to continue as the year progresses with the roll-out of new launches. Lagenda Properties has a track record of successfully developing the largest affordable housing townships in various states, starting with Perak and now Kedah. Aside from our activities this year, we are also preparing to achieve another key milestone by developing a major affordable township next year in Kulai, Johor. This upcoming large-scale township will boast a GDV of RM4 billion and will comprise 12,000 units of affordable homes with commercial parcels. With various projects in the pipeline over the next few years, we remain confident in delivering future growth. It is crucial to recognise that affordable housing is not a transient trend but an enduring necessity that transcends economic cycles and market fluctuations. The opportunities for Lagenda Properties are abundant in all states, and our growth journey has only just begun,” he added. View Press Release Share