KSL 2Q Net Profit Climbs To RM115.73 Mln On Resilient Property Demand

KUALA LUMPUR, Aug 27 (Bernama) -- KSL Holdings Bhd’s net profit increased to RM115.73 million in the second quarter ended June 30, 2026 (2Q 2026) compared to RM113.06 million in the same quarter a year ago. 

Its revenue also strengthened to RM380.97 million during the quarter from RM364.52 million previously. 

The company said it continues to benefit from resilient property demand across its core markets in Johor and the Klang Valley, supported by the Johor-Singapore Special Economic Zone (JS-SEZ), Johor Bahru-Singapore Rapid Transit System (RTS) Link and Light Rail Transit Line 3 (LRT3) developments. 

KSL said that to capture broader housing demand, the group continues to roll out projects throughout its wide footprint in Johor, including the Bestari Alma township near the Johor-Singapore Second Link.

“Concurrently, the group’s active developments across established corridors in Johor and the Klang Valley generate healthy unbilled sales that provide earnings visibility over the near term,” it said in a stock exchange filing.

The company said its retail and hotel operations continue to deliver consistent performance in Johor, supported by inbound tourism and cross-border spending. “In Klang, the KSL Esplanade Mall and Hotel is expected to see increased footfall and commercial activity as transit connectivity improves following the commencement of LRT3 operations,” it added. 

The group said it remains cautiously optimistic about its outlook and will continue to focus on sustainable growth through disciplined execution and prudent development planning. 

-- BERNAMA