Subang Jaya, 25 May 2026 – Property developer Avaland Berhad (“Avaland” or “the Group”) today announced its financial results for the first quarter ended 31 March 2026 (“Q1 FY2026”), recording a net profit of RM12.1 million on revenue of RM149.4 million.
For comparison, Avaland posted a net profit of RM20.2 million on revenue of RM179.5 million in the corresponding quarter last year. The softer financial performance was attributable to lower contributions from completed projects while ongoing developments are still in the initial stages of work progress, resulting in lower revenue recognition during the quarter.
Apollo Bello Tanco (“Pol”), Chief Executive Officer of Avaland said, “We started FY2026 on a solid footing, with new sales increasing to RM152.3 million in Q1 FY2026 from RM147.5 million in the corresponding quarter last year. The growth was primarily driven by strong contributions from Aetas Seputeh and Amika Residences, both of which continued to attract encouraging buyer interest and are nearing full take-up.
In addition, Avalon, Meria and Alora Residences continued to record healthy sales performance, reflecting sustained demand for wellconnected developments within established growth corridors.
Supported by the stronger new sales achieved during the quarter, the Group’s unbilled sales increased to RM908.8 million as at 31 March 2026 from RM893.7 million as at 31 December 2025, providing earnings visibility for the coming years,”
Commenting on the Group’s outlook, Pol said “The outlook for the property sector remains encouraging, supported by a stable financing environment following Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate at 2.75% in May 2026. The stable interest rate environment is expected to continue supporting home affordability and overall market liquidity.
Against this backdrop, the Group continued to strengthen its development pipeline with the acquisition of a 1.9-acre parcel of freehold land in Taman U-Thant, Kuala Lumpur on 28 April 2026 for RM86.0 million. Strategically located near Kuala Lumpur City Centre, the land is earmarked for an AVA Luxe development with an estimated GDV of approximately RM700 million.
Complimenting this, the Group plans to launch developments across its three brand series with a combined estimated GDV exceeding RM1.0 billion in 2026. Following the encouraging take-up of the first phase of Meria, the commercial hub component of Cybersouth under the AVA Ria series, we launched the second phase in January 2026 to meet continued market demand. In the second half of 2026, we intend to launch ACCENT Petaling Jaya under the AVA Prime series and Aetas Taman Desa under the AVA Luxe series.
These upcoming launches are expected to contribute positively to future earnings while further strengthening the Group’s presence across key market segments.
Nevertheless, recent geopolitical developments in the Middle East have contributed to heightened volatility in global energy prices and supply chain conditions. The Group will continue to monitor these developments closely and assess their potential impact on operations and financial performance, while taking appropriate measures where necessary.
