JOHOR BAHRU: Paragon Globe Bhd reported revenue of RM108.11 million for the first half (1H) ending September 30, 2025 (FY26), representing a 28.6% year-on-year (YoY) increase compared to RM84.07 million in the corresponding period last year.
Net profit more than doubled to RM29.94 million, reflecting a 102.0% year-on-year increase from RM14.82 million.
In the second quarter of FY26, PGB reported revenue of RM52.46 million and a net profit of RM14.0 million, representing a 54.0% year-over-year increase from RM9.09 million in Q2 FY25.
The improved performance for Q2 FY26 was mainly attributable to the recognition of land sales in Desa Cemerlang and Tanjung Kupang, property sales—including detached factories and shop offices at Pekan Nanas—and contributions from recurring rental income.
Gross profit margin increased to 56.0% from 31.2% a year earlier, driven by the recognition of land sales and sustained cost discipline throughout Paragon Globe’s development and operational activities.
Johor continues to see robust industrial demand, driven by manufacturing growth, cross-border interactions, and the impetus of the Johor–Singapore Special Economic Zone (JS-SEZ).
PGB’s industrial assets in Desa Cemerlang and Pekan Nanas continue to be significant sources of revenue, attracting both international and local investors.
On the residential front, the group reached a significant milestone with the groundbreaking ceremony of Calia Residences by Paragon Globe, the company’s inaugural high-rise residential development in Danga Bay.
The project garnered an exceptional market response, achieving a 90% occupancy rate in Tower A, prompting registration for Tower B.
The group is additionally preparing for the forthcoming launches of Kensington Parkview by PGB (Iskandar Puteri) and The Iconic by PGB (Johor Bahru City Centre), which are anticipated to enhance sales visibility and support earnings stability through FY27 and FY28.
Executive chairman Datuk Sri Edwin Tan Pei Seng stated that the company’s performance in the first half of the year demonstrates the robustness of its development strategy and the resilience of its diversified portfolio.
The 102.0% year-on-year rise in net profit highlights our capacity to execute effectively and generate value despite a fluctuating operating environment.
“The positive reception of Calia Residences by PGB, with Tower A achieving a 90% occupancy rate, confirms our strong position within the dynamic residential development of Danga Bay.
“We will persist in advancing this momentum through upcoming launches that support our long-term growth trajectory, he said.