PETALING JAYA: Mah Sing Group Bhd delivered a resilient performance for the first nine months of 2025, driven by strong demand for its M Series developments and disciplined execution across its core projects.
The group recorded profit before tax (PBT) of RM283 million, a 14% increase from RM249 million a year ago, while new property sales reached RM1.88 billion, keeping the group on track to meet its RM2.65 billion sales target for the year.
For the third quarter ended Sept 30, 2025, the group recorded a PBT of RM96.2 million on the back of revenue of RM635.9 million, representing a 13.4% improvement in PBT compared to the same period in 2024.
Mah Sing’s revenue for the quarter increased by 12.4% compared to the immediate preceding quarter, mainly attributable to higher site progress at ongoing projects.
Supported by solid unbilled sales of RM3.14 billion as at Sept 30 and a strategic emphasis on fast-track project completions, the group expects to sustain strong performance for remaining of FY2025, underpinned by solid financial fundamentals and disciplined execution across its core developments.
This is further supported by sustained demand in project launches, alongside resilient sales momentum.
Looking ahead, Mah Sing remains committed to disciplined execution to drive continued revenue and earnings growth, while focusing on sustainable, high-growth opportunities that create long-term value for stakeholders.
Building on this strong foundation, the group has acquired five strategic lands year to date – M Aria in Sentul, the iconic Corus Hotel Site in Kuala Lumpur City Centre, M Legasi 2 in Semenyih, M Cora in George Town, Penang, and M Mira in Setapak – with a combined gross development value of about RM4.1 billion.
Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said, “Our strategic land acquisitions and disciplined capital management in 2025 position us for sustained growth well into 2026 and beyond. With a healthy balance sheet, strong cash position, and a portfolio that continues to resonate with first-time and middle-income buyers, we are expanding both our core M Series and our high-end M Grand Series to capture growing demand in key growth corridors.
“The group remains focused on delivering high-quality, well-designed homes at accessible price points while unlocking long-term value for our stakeholders.”
The group has a cash balance of RM1.17 billion and a net gearing of 0.25 times as at Sept 30.
For the financial period ended Sept 30, the property development segment recorded a 15% jump in operating profit to RM319.6 million on the back of revenue of RM1.46 billion, compared to the preceding year’s corresponding period.
Meanwhile, the manufacturing segment recorded revenue of RM342.6 million for the financial period ended Sept 30, representing a 4.4% increase from RM328.1 million in the preceding year’s corresponding period, supported by higher pallet and glove sales.
