Subang Jaya, 27 August 2026 –Property developer Avaland Berhad (“Avaland” or “the Group”) today announced its financial results for the second quarter ended 30 June 2026 (“Q2 FY2026”), recording a net profit of RM17.1 million on revenue of RM174.3 million.
For comparison, Avaland posted a net profit of RM12.1 million on revenue of RM149.4 million in the preceding quarter. The improved financial performance was attributable to higher construction progress across ongoing developments and contributions from recently launched developments during the quarter.
Apollo Bello Tanco (“Pol”), Chief Executive Officer of Avaland said, “We continue to build on our sales momentum in Q2 FY2026, with new sales increasing by 46% quarter-on-quarter to RM222.4 million from RM152.3 million in the preceding quarter. The stronger sales performance was supported by contributions from the recently launched landed developments, reflecting continued demand for our differentiated product offerings.
We are also pleased that Aetas Seputeh and Amika Residences are 100% sold, with both developments achieving full take-up approximately two years after their respective launches in 2024. This strong take-up reflects sustained demand for our developments. The Group’s premium portfolio continued to record healthy sales contributions during the quarter, further supporting our overall sales performance.
As of 30 June 2026, our unbilled sales increased 4% to RM941.1 million from 31 March 2026, supported by continued sales across ongoing and recently launched developments. The healthy unbilled sales position provides visibility over the Group’s earnings in the medium term.”
Commenting on the Group’s outlook, Pol said, “We remain focused on strengthening our development pipeline through strategic land acquisitions and upcoming project launches. In line with our strategy of acquiring land parcels with a short turn-around time to launch, we acquired a 1.9-acre freehold parcel in Taman U-Thant, Kuala Lumpur during the quarter. Earmarked for a luxury residential development with an estimated GDV of approximately RM700.0 million, the acquisition strengthens the Group’s luxury residential portfolio and provides an opportunity to build on its established presence in the Klang Valley.
Looking ahead, we remain on track with our 2026 launch plans across our three portfolio series, comprising projects with a combined estimated GDV of more than RM1.0 billion. Following the earlier launch of landed residential and commercial developments under the AVA Ria series, we intend to launch ACCENT Petaling Jaya under the AVA Prime series and Aetas Taman Desa under the AVA Luxe series in the second half of 2026. These launches are expected to contribute positively to our future revenue and earnings.
The property market outlook remains cautiously positive, supported by a stable domestic financing environment. Bank Negara Malaysia maintained the Overnight Policy Rate at 2.75% in July 2026, while domestic economic conditions remain supportive. However, affordability and buyer financing capacity remain important considerations across all market segments.
We remain cautiously optimistic on the Group’s prospects, underpinned by continued demand for our strategically located developments and the planned launch pipeline. With an existing landbank of approximately 189 acres and an estimated GDV of RM12.3 billion, we are well positioned to support our long-term growth and earnings visibility.
At the same time, we remain mindful of prevailing global economic uncertainties, including geopolitical tensions, energy price volatility and potential supply chain disruptions. We will continue to monitor these developments closely and assess their potential impact on our operations and financial performance.”
Ends.
About Avaland Berhad
Avaland Berhad, listed on the Main Market of Bursa Malaysia since 6 April 2015, has established itself as one of Malaysia’s leading property developers, guided by a commitment to environmental stewardship, inclusive development and sustainable growth.
The Group continues to evolve its portfolio in response to changing market dynamics, strengthening its presence in the premium property segment through thoughtfully designed developments that offer distinctive propositions for today’s discerning homeowners. By anticipating evolving lifestyles and market preferences, Avaland remains focused on delivering quality and sustainable developments that create meaningful social and environmental impact.
For investors, Avaland presents an opportunity for sustainable long-term growth, supported by its disciplined growth strategy and ability to capture opportunities across evolving market segments. Through continuous innovation and development excellence, Avaland remains committed to doing better, delivering greater value and enhancing lives for generations to come.
For more information, please visit www.avaland.com.my.
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