Berjaya Corporation - Berjaya Corporation Berhad

recorded a revenue of RM2.54 billion and incurred a pre-tax loss of RM8.88 million for the current quarter ended 31 March 2025 as compared to a revenue of RM2.78 billion and pre-tax profit of RM773.66 million reported in the corresponding quarter of the previous year.

PRESS RELEASE

BERJAYA CORPORATION BERHAD REPORTS RM2.54 BILLION REVENUE FOR Q3FY2025 ENDED 31 MARCH 2025

Date: 30 May 2025

Venue: Kuala Lumpur

For the 3rd Quarter ended 31 March 2025

Berjaya Corporation Berhad (“BCorp” or “the Group”) recorded a revenue of RM2.54 billion and incurred a pre-tax loss of RM8.88 million for the current quarter ended 31 March 2025 as compared to a revenue of RM2.78 billion and pre-tax profit of RM773.66 million reported in the corresponding quarter of the previous year.

The Group’s performance for the quarter under review was driven by the following business segments:

Retail (Non-Food) business reported higher revenue, mainly driven by the strong performance of H.R. Owen Plc (“HR Owen”). The increase was attributed to the higher sales volume in both the new and used car sectors. Sales from the new marque, Lotus, which is now represented by HR Owen, contributed to the revenue growth, and the launches of certain new models further supported the improved performance in the current quarter. However, when translated into Ringgit Malaysia, the Group’s reporting currency, revenue growth was dampened by the unfavourable impact of foreign exchange effect.

The non-food retail business segment reported a higher pre-tax profit, primarily attributable to HR Owen’s improved performance, in line with the increased revenue achieved during the current quarter under review.

HR Owen’s positive results offset the lower results from Cosway’s operations, which were impacted by the closure of non-performing stores in certain countries.
Retail (Food) business reported a lower revenue due to a reduced number of Starbucks cafes in operation compared to the previous year’s corresponding quarter, as well as the cessation of Papa John’s Pizza operations in the Philippines during the current quarter.

A higher pre-tax loss was reported by this business segment in the current quarter, due to the weaker performance of Kenny Rogers Roasters operations and additional pre operating costs incurred for the Group’s new overseas operations.
Property segment reported a decline in revenue for the current quarter, due to the completion of The Tropika, Bukit Jalil project in the final quarter of the previous financial year. However, this decline was mitigated by higher sales of residential units from a local project in the current quarter under review. Additionally, the corresponding quarter of the previous year included sales from an overseas residential project.
Hospitality segment reported a higher revenue, mainly due to the increase in overall average occupancy rate but a higher pre-tax loss, from its higher operating expenses incurred in the current quarter under review.
Services segment reported a higher revenue in the current quarter, primarily driven by the gaming business operated by STM Lottery Sdn Bhd (“STM Lottery”). STM Lottery recorded a stronger revenue growth as compared to the corresponding quarter of the previous year, given that the number of draws remained the same in both quarters. The improvement in sales was mainly attributed to an exceptional surge in the accumulated jackpot from the Supreme Toto 6/58 game.

The higher revenue from STM Lottery offset the lower revenue recorded by the managed telecommunications network services (“MTNS”) business, as well as the deconsolidation of Naza Enviro Holdings Sdn Bhd (formerly known as Berjaya Enviro Holdings Sdn Bhd) (“NEH”) and Singapore Institute of Advanced Medicine Holdings Ltd (“SIAMH”).

The higher pre-tax profit reported for the gaming business operated by STM Lottery was primarily driven by a combination of higher sales and lower prize payouts in the current quarter under review.

For the 9-month period ended 31 March 2025

The Group registered a revenue of RM6.97 billion and incurred a pre-tax loss of RM149.47 million for the financial period ended 31 March 2025 as compared to a revenue of RM7.58 billion and pre-tax profit of RM751.65 million reported in the previous year corresponding period.

The Group’s performance during the 9-month period under review was contributed by the following business segments:

Retail segment’s food retail business reported a lower revenue and a pre-tax loss due to the prolonged impact of ongoing sentiment related to the Middle East conflict, which affected the market dynamics and influenced consumer spending patterns during the current period under review.

However, higher revenue was reported by the non-food retail business, mainly due to higher revenue contributions from HR Owen, supported by optimistic demand from the used car sector, as well as contributions from the new marque, Lotus, which is now represented by HR Owen during the financial period. However, the unfavourable foreign exchange effect resulted in a more modest increase in revenue when translated into Ringgit Malaysia.

The higher revenue from non-food retail business has offset the lower revenue from Cosway’s operations, as a result of the closure of non-performing stores in certain countries.

The non-food retail business reported a pre-tax profit contributed by Cosway operations due to the closure of non-performing stores in certain countries and reduced operating costs. The improvement was further supported by a higher gross profit margin, driven by a more favourable product mix.
Property segment reported lower revenue and a pre-tax loss in the current period, primarily due to the completion of The Tropika, Bukit Jalil project. This decline was mitigated by the higher sales of residence units from a local project in the current period Page 2 of 3 under review. Additionally, the corresponding period in the previous year had included sales of residential units from an overseas project.
Hospitality segment reported a higher revenue and a higher pre-tax profit, mainly attributed by the higher overall occupancy rate during the current period under review.
Services segment reported a higher revenue contribution, primarily from STM Lottery despite a lower number of draws conducted in the current period under review (123 draws versus 126 draws in the previous year corresponding period). The growth was primarily driven by a sudden surge in the tickets sales from the Supreme Toto 6/58 game, following an exceptional increase in its accumulated jackpot during the current period.

The higher revenue from STM Lottery offset the deconsolidation effects of NEH and SIAMH.

The segment also reported a higher pre-tax profit mainly due to higher revenue achieved coupled with a lower prize payout by STM Lottery during the current period under review.

Future Prospects

Malaysia’s economic growth is expected to be driven by strong domestic demand and the moderation of average inflation rate despite the uncertainties arising from geo-political tensions and the inflationary tariffs being imposed by the United States government. The Group will monitor the prevailing global and local political development in the countries where the Group has business operations.

The performance of the domestic business segments of the Group is expected to improve on the back of strong consumer spending and improvement in tourism-related activities. As for the gaming business, it is expected to continue its growth trajectory, in line with the ongoing popularity of its Lotto and Digit games to achieve commendable results.

Taking account of the aforesaid and barring any unforeseen circumstances, the Directors are cautiously optimistic that the Group’s business operations will deliver a satisfactory performance for the remaining quarter of the financial year ending 30 June 2025

For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.

BERJAYA CORPORATION BERHAD REPORTS RM2.54 BILLION REVENUE FOR Q3FY2025 ENDED 31 MARCH 2025 Read More »

Berjaya Land premium aviation arm Asia Jet’s fleet gets Bombardier Global 6500 boost

News Coverage / Berjaya Corporation

NEWS COVERAGE

Berjaya Land premium aviation arm Asia Jet’s fleet gets Bombardier Global 6500 boost

Date: 27 May 2025
Publication: The Sun, Malaysia

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BERJAYA LAND ELEVATES LUXURY TRAVEL EXPERIENCE WITH ACQUISITION OF GLOBAL 6500 BOMBARDIER FOR ASIA JET AIRCRAFT

Press Release / Berjaya Corporation

Berjaya Land Berhad (Berjaya Land) is pleased to announce its expansion into Greenland through its wholly-owned subsidiary Berjaya Greenland Invest A/S, a journey rooted in responsible growth, innovation and deep respect for the local community and environment.

PRESS RELEASE

BERJAYA LAND ELEVATES LUXURY TRAVEL EXPERIENCE WITH ACQUISITION OF GLOBAL 6500 BOMBARDIER FOR ASIA JET AIRCRAFT

Date: 27 May 2025

Venue: Kuala Lumpur

Kuala Lumpur, 27 May 2025 – In a strategic move that redefines the standards of private aviation in the region, Berjaya Land Berhad (Berjaya Land), through its premium aviation subsidiary Asia Jet Sdn Bhd (Asia Jet), proudly unveils the latest jewel in its fleet, the ultra-long-range Bombardier Global 6500

This strategic acquisition marks a powerful leap forward for Asia Jet, opening a new frontier in luxury, connectivity, and bespoke air travel. The Global 6500 Bombardier is not just an aircraft — it is a flying statement of power, prestige, and possibility. Purpose-built for elite travellers, global leaders, and discerning clientele, it embodies the perfect synergy between cutting-edge aerospace innovation and Berjaya Land’s hallmark world-class hospitality.

In a historic achievement, Asia Jet becomes the first operator in Malaysia to register and operate the Bombardier Global 6500 under a Malaysian Air Operator Certificate (AOC), a testament to its leadership in advancing premium private aviation across Southeast Asia.

A New Chapter in Luxury Aviation

The Bombardier Global 6500 delivers an unrivalled combination of range, speed, space, and technology. With an extraordinary range of 6,600 nautical miles and a cruising speed of Mach 0.90, this aircraft is engineered to fly non-stop from Kuala Lumpur to global capitals like London, Egypt, Tokyo and even as far as Iceland. (The aircraft range is also subject to variation based on wind conditions, weather, payload, and airspace availability or restrictions at the time of operation.)

Inside, its cabin offers 15 seats in an elite configuration, delivering a bespoke and immersive inflight experience that includes:

3 spacious living areas including a private suite with an adjoining en-suite offering unrestricted access to the luggage bay
Convertible full lie-flat beds for deep rest and overnight travel
Five-star dining, curated by onboard culinary specialists
The fastest in-flight Wi-Fi in its class for seamless global connectivity
Advanced air purification system for superior inflight wellness
Next-generation wing and engine design for reduced vibration and ultra-smooth ride
Enhanced cockpit technology designed to maximise operational safety and flight precision

Flying Farther — and Greener

One of the Global 6500’s most significant attributes is its focus on fuel efficiency and environmental performance, which aligns with Berjaya Land’s commitment to sustainable business practices. The aircraft features a highly optimised aerodynamic design, lightweight composite materials, and next generation engines that deliver a notably reduced carbon footprint compared to conventional long range jets.

This efficiency translates to lower emissions per passenger and enhanced operational sustainability without compromising luxury or performance. With each flight, Asia Jet contributes to a more responsible aviation ecosystem, showcasing how elegance and environmental consciousness can coexist at 45,000 feet.

This commitment to sustainability extends beyond air travel, as the Global 6500 also plays a role in enabling eco-conscious tourism experiences across Berjaya Land’s hotel destinations, connecting the skies with the land through purpose-driven luxury.

Connecting Asia to Iceland – A Journey Like No Other

Thanks to the Global 6500’s exceptional range, Asia Jet can now offer direct, ultra-luxurious journeys from Malaysia to Iceland — one of Berjaya Land’s most distinctive international hospitality markets. From the moment clients step on board to their arrival in Reykjavík, they are immersed in a carefully crafted premium travel experience that integrates airborne opulence with world-class hotel living.

Berjaya Land’s properties in Iceland offer exclusive access to the country’s majestic natural landscapes, geothermal wonders, and Nordic hospitality — all now seamlessly accessible through Asia Jet’s new ultra-long-range service. This destination pairing of luxury flight and unforgettable lodging elevates the overall guest experience and reinforces Berjaya Land’s unique ability to offer fully curated global lifestyle journeys.

Strategic Synergy: Travel, Lifestyle, and Luxury

Asia Jet’s strengthened fleet now enhances Berjaya Land’s position as a leading premium lifestyle group, connecting its aviation capabilities with its award-winning portfolio of luxury resorts, residences, and experiences across Asia and Europe.

This acquisition supports the group’s ability to offer:

Customised tourism packages for elite clientele
Exclusive corporate and diplomatic charters
Luxury travel solutions tied to high-profile events and executive movements
Integrated lifestyle experiences that begin in the skies and extend into memorable stays

“This is more than just a new aircraft. It represents Berjaya Land’s unwavering commitment to innovation, customer excellence, and sustainable luxury. The Global 6500 Bombardier gives us the ability to connect global markets, elevate premium service standards, and reinforce our identity as an integrated lifestyle brand. It’s a game changer not just for Berjaya, but for the future of private aviation in the region.” said Syed Ali Shahul Hameed, Group CEO of Berjaya Land Berhad.

With the Global 6500’s arrival, Asia Jet reaffirms its role as a forward-thinking force in private aviation, championing a future where luxury, sustainability, and seamless global travel go hand in hand.

Media contact:
Mohamed Syairoz bin Mohd Odman
Communications and Sustainability Department
Berjaya Land Berhad
Tel: 018-6665999 / 03-21491257
Email: syairoz@berjaya.com.my.

ABOUT BERJAYA LAND BERHAD
Berjaya Land Berhad, a subsidiary of Berjaya Corporation, was incorporated in 1990 and is listed on the Main Board of Bursa Malaysia Securities has expanded its core business in Property Development & Investment, Hospitality, and Motor Retailing (H.R. Owen UK) to include Transport. Berjaya Land has business presence in 8 countries (Malaysia, UK, Seychelles, Philippines, Sri Lanka, Vietnam, Japan and Iceland). For more information,
please visit www.berjaya.com/berjaya-land.

ABOUT ASIA JET
Asia Jet is a premium private aviation company and a wholly owned subsidiary of Berjaya Land Berhad. Specializing in luxury air charter services, Asia Jet caters to high-net-worth individuals, corporate leaders, and government officials seeking comfort, privacy, and efficiency. With a growing fleet of state-of-the-art aircraft, Asia Jet offers customized flight experiences, international charters, business travel solutions, and VIP transfers tailored to the needs of discerning clients. Committed to excellence, safety, and world-class service, Asia Jet continues to set new standards in the private aviation industry across Asia and beyond.

BERJAYA LAND ELEVATES LUXURY TRAVEL EXPERIENCE WITH ACQUISITION OF GLOBAL 6500 BOMBARDIER FOR ASIA JET AIRCRAFT Read More »