PETALING JAYA: Tropicana Corporation Bhd recorded revenue of RM1 billion for the nine-month period ended Sept 30, 2025 an increase of RM135.1 million or 15.4% compared to the corresponding period of the previous financial year.
The higher revenue was mainly driven by increased progress billings across key projects in the Klang Valley, and the southern and northern regions.
The group reported profit before tax of RM700,000, compared to a loss before tax of RM435.9 million in the preceding year.
Last month, the group announced the fulfilment of payment obligations of RM139 million, a Tranche 4 payment under its RM1.5 billion Islamic Medium-Term Notes (IMTN) Sukuk Wakalah Programme introduced in 2020, bringing total cumulative payments under the programme to RM1.12 billion.
Earlier this month, Tropicana completed the issuance of RM300 million IMTN, which was upsized from RM200 million amid robust investor demand and was oversubscribed, with a significant portion taken up by government-linked institutional investors.
Tropicana’s unbilled sales remain strong at RM2.1 billion, supporting its continued momentum in generating sustainable earnings. This is further driven by its ongoing and upcoming signature developments across Malaysia, which collectively carry an estimated gross development value of RM6.5 billion.
The group remains focused on sustaining its growth trajectory through enhanced sales performance, strategic monetisation of landbanks and investment properties and continued financial optimisation.
“In line with our mission to transform Tropicana into a future-ready group committed to sustainable growth, we have prioritised strengthening our core property segment, leveraging on our expertise, our unique development DNA and ESG commitments. We extend our sincere appreciation to our Tropicana team and business partners for their unwavering support, trust and contribution to our group,” the management shared.
