Berjaya Corporation Berhad

[wpdreams_ajaxsearchlite]
Menu
Menu

Press Release

BERJAYA CORPORATION BERHAD REPORTS RM2.31 BILLION REVENUE AND RM37.55 MILLION PRE-TAX PROFIT FOR Q1FY2026 ENDED 30 SEPTEMBER 2025

Press Release /
Berjaya Corporation Berhad (“BCorp” or “The Group”) registered a revenue of RM2.31 billion and achieved a pre-tax profit of RM37.55 million in the current quarter ended 30 September 2025, compared to a revenue of RM2.23 billion and a pre-tax loss of RM101.58 million in the same quarter of the previous year.
Menu
Menu
Menu
Menu
PRESS RELEASE
BERJAYA CORPORATION BERHAD REPORTS RM2.31 BILLION REVENUE AND RM37.55 MILLION PRE-TAX PROFIT FOR Q1FY2026 ENDED 30 SEPTEMBER 2025
Date: 27 November 2025
Venue: Kuala Lumpur
For the 1st Quarter ended 30 September 2025

Berjaya Corporation Berhad (“BCorp” or “the Group”) registered a revenue of RM2.31 billion and achieved a pre-tax profit of RM37.55 million in the current quarter ended 30 September 2025, compared to a revenue of RM2.23 billion and a pre-tax loss of RM101.58 million in the same quarter of the previous year.
The performance of the Group’s result in the quarter under review was attributable to the following business segments:
  • Retail (Non-Food) segment recorded a higher revenue, mainly contributed by H.R. Owen Plc (“H.R. Owen”), which benefitted from the strong sales volumes in the new car sector and higher vehicle deliveries. The increase in revenue from H.R. Owen offset the lower revenue from Cosway’s operations, which declined due to the reduced in the number of stores, following store rationalisation measures involving the closure of non-performing stores since the previous financial year. H.R. Owen reported lower pre-tax loss primarily due to higher revenue reported in the current quarter; while Cosway reported a better performance due to improved gross profit margins from a more favourable product mix and reduced operating, selling and distribution expenses resulting from the closure of non performing stores.

  • Retail (Food) segment reported a slight increase in revenue, mainly driven by contributions from the Group’s new overseas operations. In Malaysia, Starbucks achieved positive same-store sales growth, which contributed to a marginal increase in revenue despite a reduced number of operating stores. The segment recorded a reduction of more than 50% in its pre-tax loss mainly attributed to enhance profit margin arising from the cost saving initiatives, store rationalisation measures and reduced depreciation expenses following last year’s impairments.

  • Property segment achieved a higher revenue, primarily due to higher progress billings from its project at Residensi Oak, Bukit Jalil and Pangsapuri Azalea, Subang Heights, as well as higher sales of residence units from a local project in the current quarter under review. The segment registered a pre-tax profit in the current quarter, primarily driven by the higher revenue resulted from improved progress billings.

  • Hospitality segment posted a higher revenue and higher pre-tax profit, mainly due to a higher overall average occupancy rate and higher average room rate in the current quarter under review. Page 1 of 2

  • Services segment reported a lower revenue, mainly due to the reduced contributions from the telecommunications network services (“MTNS”) business. The aforesaid decline was partially mitigated by higher revenue contributions from STM Lottery Sdn Bhd, (“STM Lottery”), primarily driven by higher average sales per draw, attributable to higher accumulated Jackpot prizes in Lotto games, despite the number of draws remained the same in both quarters. The segment reported a lower pre-tax profit due to the MTNS business recording a reduced revenue and higher prize payout by STM Lottery in the current quarter under review.
Dividend

The Board did not recommend any dividend for the financial period ended 30 September 2025.
Future Prospects

Malaysia’s economic growth is expected to be driven by strong domestic demand and the moderation of average inflation rate despite uncertainties arising from ongoing geopolitical tensions and the inflationary tariffs imposed by the United States Government. The Group will monitor 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 activities. As for the Number Forecast Operator (“NFO”) business, it is expected to continue delivering growth in line with the popularity of its Jackpot and Digit games and maintain its lead in terms of market share in the legalised NFO business sector.

Notwithstanding the aforesaid and barring any unforeseen circumstances, the Directors are cautiously optimistic that the performance of the business operations of the Group for the remaining quarters of the financial year ending 30 June 2026 will be satisfactory.
For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.

BERJAYA CORPORATION BERHAD REPORTS RM2.31 BILLION REVENUE AND RM37.55 MILLION PRE-TAX PROFIT FOR Q1FY2026 ENDED 30 SEPTEMBER 2025 Read More »

BERJAYA LAND BERHAD RECORDS HIGHER REVENUE AND STRONG OPERATIONAL PERFORMANCE FOR Q1FY2026 ENDED 30 SEPTEMBER 2025.

Press Release /
Berjaya Land Berhad (“BLand” or “the Group”) delivered a steady performance for the quarter ended 30 September 2025, supported by stronger business momentum across its key operating segments, particularly hospitality and property development.
Menu
Menu
Menu
Menu
PRESS RELEASE
BERJAYA LAND BERHAD RECORDS HIGHER REVENUE AND STRONG OPERATIONAL PERFORMANCE FOR Q1FY2026 ENDED 30 SEPTEMBER 2025.
Date: 26 November 2025
Venue: Kuala Lumpur
For the 1st Quarter ended 30 September 2025

Berjaya Land Berhad (“BLand” or “the Group”) delivered a steady performance for the quarter ended 30 September 2025, supported by stronger business momentum across its key operating segments, particularly hospitality and property development.
For the quarter under review, the Group registered revenue of RM1.88 billion, an improvement from RM1.77 billion in the corresponding quarter last year. Pre-tax profit stood at RM61.95 million.
The Group’s higher revenue was mainly driven by:
  • H.R. Owen Pic, resulting from stronger new car sales volume and increased vehicle deliveries.

  • The hotels and resorts segment, which achieved higher average occupancy rates and improved average room rates, reflecting sustained growth in tourism activity.

  • The property development and investment division, which saw higher progress billings, mainly from Residensi Oak, Bukit Jalil and Pangsapuri Azalea, Subang Heights.

The Group also reported a 102% increase in profit from operations largely supported by higher profit contributions from the hotels and resorts segment and the property development and investment segment.

Future Prospects

Malaysia’s economic outlook is expected to remain supported by strong domestic demand and the moderation of average inflation, despite uncertainties arising from ongoing geopolitical tensions and the inflationary impact of tariff adjustments. The Group will continue to monitor global and local political developments across countries where it operates, ensuring agile responses to emerging risks and opportunities.

The performance of the Group’s domestic business segments is expected to improve further, supported by resilient consumer spending and sustained growth in tourism activities. The NFO business is anticipated to continue its positive trajectory, backed by the popularity of its Jackpot and Digit games, while maintaining its leading market position within the legalised NFO sector.

Barring unforeseen circumstances, the Directors remain cautiously optimistic that the Group’s business operations will deliver satisfactory performance for the remaining quarters of the financial year ending 30 June 2026.
For media enquiries, please 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 (“BLand”) is a diversified conglomerate listed on the Main Market of Bursa Malaysia Securities Berhad. The Group’s core businesses span across property development and investment, hospitality and resorts, gaming and recreation, motor retailing, and food and beverage. BLand has established a strong presence both locally and internationally, with successful developments and investments in Malaysia, Japan, the United Kingdom and various other markets. For more information, please visit: www.berjaya.com

BERJAYA LAND BERHAD RECORDS HIGHER REVENUE AND STRONG OPERATIONAL PERFORMANCE FOR Q1FY2026 ENDED 30 SEPTEMBER 2025. Read More »

BERJAYA PROPERTY SHOWCASE HIGHLIGHTS STRONG DEVELOPMENTS WITH A TOUCH OF COMMUNITY CARE

Press Release /
Berjaya Property proudly kicks off the Christmas festive season with the launch of the Berjaya Property Showcase, happening from 21 to 23 November 2025 at Berjaya Times Square, Kuala Lumpur.
Menu
Menu
Menu
Menu
PRESS RELEASE
BERJAYA PROPERTY SHOWCASE HIGHLIGHTS STRONG DEVELOPMENTS WITH A TOUCH OF COMMUNITY CARE
Date: 5 November 2025
Venue: Kuala Lumpur
Kuala Lumpur, 21 November 2025 — Berjaya Property proudly kicks off the Christmas festive season with the launch of the Berjaya Property Showcase, happening from 21 to 23 November 2025 at Berjaya Times Square, Kuala Lumpur.

The showcase features a curated selection of Berjaya Property’s prestigious developments across Kuala Lumpur, Selangor, and Penang, namely- Times Square 2 @ Kuala Lumpur, Oaka Residences @ Bukit Jalil, Bayu Timur Residences @ Shah Alam, and Jesselton Courtyard @ Jesselton Selatan, Penang. Visitors will have the opportunity to explore exclusive festive promotions, learn about attractive investment options, and receive personalised consultations from Berjaya Property Team to help them discover their ideal home or next potential investment.

“We are confident these projects will foster vibrant, connected environments where people can live, work and thrive. This reflects Berjaya Property’s vision of building quality developments that enhance lifestyles while contributing positively to urban growth, sustainability and increase in value over time,” says Berjaya Land Berhad Group CEO Syed Ali Shahul Hameed.

Strategically located next to Berjaya Times Square and directly opposite the Imbi Monorail Station, Times Square 2 continues to attract strong interest, achieving an impressive 75% take-up rate. The development features 629 freehold serviced residence units ranging from 488 to 1,038 sq. ft., with prices starting from RM688,000. Residents benefit from direct connectivity via a dedicated link bridge to Berjaya Times Square, LaLaport, Imbi Monorail Station and Hang Tuah LRT Station.
With the steady rise in both local and international tourist arrivals to Kuala Lumpur City Centre, the demand for holiday homes and short-term stays continues to grow, creating a lucrative opportunity for investors seeking strong and sustainable returns. Enhancing its investment appeal, Times Square 2 has partnered with KAITE Property Management Sdn Bhd (KAITE) to offer investors a seamless, worry-free ownership experience designed to maximise returns.

Home to KL Sports City, Bukit Jalil has grown to become one of the hottest property destinations in Kuala Lumpur among expats and locals. Within its rapidly developing suburbs stands OAKA Residences, a freehold, low-density development that blends contemporary elegance with everyday practicality. The development features a total of 350 units spread across two towers with just seven units per floor, ideal for those who value privacy while living in the city.

Each unit includes two to three side-by-side car parks, a rare generous convenience in today’s market. From 882 to 1,509sq ft, its spacious living areas offer modern families seeking an upgrade and senior citizens seeking comfort without compromising on modern convenience. Residents enjoy access to key amenities such as shopping, healthcare and education with closes proximity to Pavilion Bukit Jalil, Columbia Asia Hospital and International Medical University (IMU).
Bayu Timur Residences, the latest development by Berjaya, nestled in the heart of Kota Kemuning, offers a harmonious blend of modern comfort, resort-style living, and picturesque golf course views. The development comprises 518 exclusive units ranging from 1,000 to 1,280 sq. ft., each thoughtfully designed with spacious layouts ideal for multi-generational living. Selected units feature dual key configurations, providing flexibility for extended families or potential rental income.

Residents can enjoy over 30 resort-like lifestyle facilities which include a swimming pool, gym, co-working space, children’s playground, sauna, multipurpose hall, BBQ area, and landscaped gardens. The development is conveniently located near shopping malls, medical centres, international schools, and eateries, with easy access to major highways such as KESAS, LKSA, and ELITE, ensuring seamless connectivity across the Klang Valley.

Jesselton Courtyard at Jesselton Selatan, located on the edge of George Town, Penang, is a coveted enclave that redefines luxury living on the island. Situated at the base of Penang Hill, it adopts a unique, hybrid concept that sets itself apart by combining the sophistication of condominium living with the comfort of landed homes. A gated and guarded community, Jesselton Courtyard features a biophilic, courtyard-themed design inspired by George Town’s rich architectural heritage, maximising natural lighting and ventilation.
This low-rise, low-density freehold development features a total of 239 units, with 32 units of four-storey zero-lot bungalows, and 207 units of 1.5 to 2-storey condominiums priced from RM2.9 mil, offering unique living spaces for homeowners. The spacious sanctuary is designed with multigenerational living in mind. All units feature dual-key concept, comes with four to six ensuite bedrooms, and complete with four to seven parking lots equipped with an EV-charging socket right at your doorstep. Educational institutions, medical centres, and major amenities are all within reach, making Jesselton Courtyard an ideal place for families to thrive.

“We believe that truly great developments are built around people. That’s why we listen closely to our customers and observe how their needs evolve from design preferences to lifestyle aspirations. This customer first approach allows us to create homes and spaces that are not only functional, but also inspiring, sustainable, and relevant to modern living,” Syed Ali believes.

This Christmas, Berjaya Property is honoured to celebrate the season of giving through our heartfelt Corporate Social Responsibility initiative, “Be A Secret Santa”. With a sincere desire to spread love and kindness, we have partnered with House of Love, a home in Klang that nurtures and shelters 24 underprivileged children aged 6 to 19.
To bring festive cheer to the children, Berjaya Property invited them to a special Christmas experience at the Berjaya Property Showcase. It was a joyful day filled with new memories—an enchanting Christmas Parade, a delightful train ride, captivating performances, and a fun-filled adventure at the Berjaya Times Square Theme Park. Each child also penned their Christmas wishlist on a card, adding a touching personal moment to the celebration.

In the spirit of togetherness, we have also extended this meaningful initiative to our Berjaya Property homeowners, inviting them to contribute a gift from the children’s wishlists and join us on 19 December 2025 at the Berjaya Times Square to meet the children, deliver the gifts, and share the joy and warmth of the festive season.

Apart from sharing with joy of festivities with the House of Love’s children, visitors to our event also enjoyed a funfilled day with a grand Christmas parade, captivating magician and juggling performances, charming moments with a balloonist clown, a delightful meet-and-greet with Santa Claus, a soulful acapella harmonies and lively musical band. Families also indulged in complimentary popcorn, cotton candy, and a variety of photo-worthy experiences designed to spread the holiday cheer.
For media inquiries, please 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 (“Bland”) is a diversified conglomerate listed on the Main Market of Bursa Malaysia Securities Berhad. The Group’s core businesses span across property development and investment, hospitality and resorts, gaming and recreation, motor retailing, and food and beverage. Bland has established a strong presence both locally and internationally, with successful developments and investments in Malaysia, Japan, the United Kingdom, Korea, and various other markets. For more information, please visit www.berjaya.com/berjaya-land.

BERJAYA PROPERTY SHOWCASE HIGHLIGHTS STRONG DEVELOPMENTS WITH A TOUCH OF COMMUNITY CARE Read More »

SPORTS TOTO BERHAD REPORTS RM1.50 BILLION REVENUE AND RM45.0 MILLION PRE-TAX PROFIT FOR Q1 FY2026, DECLARES 1ST INTERIM DIVIDEND OF 2.0 SEN PER SHARE

Press Release /
Sports Toto Berhad (“SPToto”) reported a revenue of RM1.50 billion in the current quarter ended 30 September 2025, registering an increase of 3.7% as compared to RM1.44 billion in the corresponding quarter of the previous year. The Group’s pre-tax profit declined by 34.2% from RM68.4 million in the corresponding quarter of the previous year to RM45.0 million in the current quarter under review.
Menu
Menu
Menu
Menu
PRESS RELEASE
SPORTS TOTO BERHAD REPORTS RM1.50 BILLION REVENUE AND RM45.0 MILLION PRE-TAX PROFIT FOR Q1 FY2026, DECLARES 1ST INTERIM DIVIDEND OF 2.0 SEN PER SHARE
Date: 20 November 2025
Venue: Kuala Lumpur
Review of Results for the 1st Quarter ended 30 September 2025

Sports Toto Berhad (“SPToto”) reported a revenue of RM1.50 billion in the current quarter ended 30 September 2025, registering an increase of 3.7% as compared to RM1.44 billion in the corresponding quarter of the previous year. The Group’s pre-tax profit declined by 34.2% from RM68.4 million in the corresponding quarter of the previous year to RM45.0 million in the current quarter under review.

The increase in revenue in the current quarter under review was mainly driven by the higher sales from STM Lottery Sdn Bhd (“STM Lottery”) and H.R. Owen Plc (“H.R. Owen”), whilst the decline of pre-tax profit in the current quarter under review was mainly due to lower results from STM Lottery.

For the current quarter ended 30 September 2025, STM Lottery recorded revenue growth of 5.4% as compared to the corresponding quarter of the previous year, despite the number of draws remained the same in both quarters. The growth was mainly driven by higher average sales per draw, attributed to higher accumulated jackpot prizes in the Lotto games. However, pre-tax profit dropped by 20.8%, primarily due to a higher prize payout in the current quarter.

H.R. Owen posted a revenue growth of 1.9% as compared to the corresponding quarter of the previous year, primarily driven by higher sales volume in the new car sector, supported by increased vehicle deliveries during the current quarter. It reported a lower pre-tax loss of RM9.4 million in the current quarter, as compared to a loss of RM11.5 million in the corresponding quarter of the previous year, which was mainly attributed to higher revenue recorded in the current quarter.
Dividend Declaration

The Board has declared a first interim dividend of 2 sen per share, amounting to approximately RM26.56 million, in respect of financial year ending 30 June 2026. The said interim dividend is payable on 16 January 2026 and the entitlement date is fixed on 31 December 2025.
Future Prospects

The Directors remain cautiously optimistic that the Group’s business will remain stable and resilient. The Number Forecast Operation (“NFO”) business is anticipated to continue its growth, supported by the popularity of its Jackpot and Digit games.

Despite prevailing global economic headwinds and uncertainties, the Directors are confident that it will continue to maintain its leading market position in the legalised NFO business sector. Overall, the Group’s businesses are expected to remain encouraging, with a positive outlook for the remaining quarters of the financial year ending 30 June 2026.
For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.

SPORTS TOTO BERHAD REPORTS RM1.50 BILLION REVENUE AND RM45.0 MILLION PRE-TAX PROFIT FOR Q1 FY2026, DECLARES 1ST INTERIM DIVIDEND OF 2.0 SEN PER SHARE Read More »

EXIM BANK MALAYSIA EXTENDS USD 70 MILLION ISLAMIC FINANCING TO BERJAYA LAND’S FOUR SEASONS RESORT & PRIVATE RESIDENCES DEVELOPMENT IN OKINAWA, JAPAN

Press Release /
Export-Import Bank of Malaysia Berhad (EXIM Bank) has extended a USD 70 million Islamic Overseas Investment Financing facility to Berjaya Okinawa Investment (S) Pte Ltd, a wholly owned subsidiary of Berjaya Land Berhad, to support the development of the prestigious Four Seasons Resort & Private Residences Okinawa, Japan (Four Seasons Okinawa).
Menu
Menu
Menu
Menu
PRESS RELEASE
EXIM BANK MALAYSIA EXTENDS USD 70 MILLION ISLAMIC FINANCING TO BERJAYA LAND’S FOUR SEASONS RESORT & PRIVATE RESIDENCES DEVELOPMENT IN OKINAWA, JAPAN
Date: 5 November 2025
Venue: Kuala Lumpur
Kuala Lumpur, 5 November 2025 – Export-Import Bank of Malaysia Berhad (EXIM Bank) has extended a USD 70 million Islamic Overseas Investment Financing facility to Berjaya Okinawa Investment (S) Pte Ltd, a wholly owned subsidiary of Berjaya Land Berhad, to support the development of the prestigious Four Seasons Resort & Private Residences Okinawa, Japan (Four Seasons Okinawa).

The project is led by Berjaya Okinawa Invest TMK, a wholly owned subsidiary of Berjaya Okinawa Investment (S) Pte Ltd, serving as the project developer responsible for the overall planning and execution of Four Seasons Okinawa.

Berjaya Land Berhad previously delivered the acclaimed Four Seasons Hotel Kyoto, one of Japan’s most prestigious hospitality developments. The Kyoto property has received multiple international accolades, including the HICAP Reggie Shiu Development of the Year Award and Hospitality Design Magazine’s HD Awards for Best Spa and Best Upscale/Luxury Guestrooms and Suites. The same core construction team behind the Kyoto success is now being mobilised for the Okinawa project.
The financing agreement was signed by Syed Ali Shahul Hameed, Group CEO of Berjaya Land Berhad, on behalf of Berjaya Okinawa Investment (S) Pte Ltd and was witnessed by representatives from EXIM Bank and Berjaya Land’s subsidiaries officials.

Spanning 32 acres of pristine beachfront, the Four Seasons Okinawa will offer 279 luxurious accommodations, including 127 resort rooms, 124 high-end condominiums, and 28 exclusive private villas.

Main construction is in progress and completion is expected in July 2027 followed by a three-month hotel pre-opening phase with a projected Gross Development Value (GDV) of USD 1.12 billion.
The partnership between EXIM Bank and Berjaya Group spans over a decade, beginning in 2010. Over the years, EXIM Bank has supported two major overseas projects, reflecting a shared vision of excellence and long-term value creation. This initiative underscores EXIM Bank’s strategic commitment to supporting Malaysian investments abroad, particularly in established and high-potential markets. The Four Seasons Okinawa project exemplifies the Bank’s mission to promote Malaysia’s global footprint and elevate the presence of Malaysian enterprises on the international stage.

Looking ahead, EXIM Bank will continue to leverage its strategic financing programs to support the growth of Malaysian businesses abroad. This includes initiatives such as the RM500 million Skim Eksport Lonjakan (EXL), aimed at scaling up Malaysian exporters, and the Malaysia Global Connect (MGC) Go Export Cover Program, which provides protection for businesses expanding into strategic international markets. Both schemes were announced under the Budget 2026. These efforts aim to accelerate private sector investment and enhance Malaysia’s presence in non-traditional markets.
For media inquiries, please 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 Berhad, 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 EXPORT-IMPORT BANK OF MALAYSIA BERHAD (EXIM BANK MALAYSIA)
Established in August 1995, EXIM Bank Malaysia provides financing and advisory support to Malaysian businesses pursuing global ventures across diverse sectors. EXIM Bank Malaysia fulfils its mandate to enhance competitiveness of Malaysian industries internationally, offering comprehensive banking and takaful products. Effective 1 May 2025, EXIM Bank Malaysia became a subsidiary of Bank Pembangunan Malaysia Berhad (BPMB).

EXIM BANK MALAYSIA EXTENDS USD 70 MILLION ISLAMIC FINANCING TO BERJAYA LAND’S FOUR SEASONS RESORT & PRIVATE RESIDENCES DEVELOPMENT IN OKINAWA, JAPAN Read More »

BCORP REGISTERS A REVENUE OF RM9.34 BILLION FOR FINANCIAL YEAR ENDED 30 JUNE 2025

Press Release /
Berjaya Corporation Berhad (“BCorp”) posted a revenue of RM2.37 billion and incurred a pre-tax loss of RM270.0 million in the current quarter ended 30 June 2025. The loss was primarily due to non-cash impairments in compliance with applicable accounting standards. In comparison, the Group recorded a revenue of RM2.46 billion and a pre-tax loss of RM96.28 million reported in the corresponding quarter of the previous year.
Menu
Menu
Menu
Menu
PRESS RELEASE
BCORP REGISTERS A REVENUE OF RM9.34 BILLION FOR FINANCIAL YEAR ENDED 30 JUNE 2025
Date: 29 August 2025
Venue: Kuala Lumpur
For the 4th Quarter ended 30 June 2025

Berjaya Corporation Berhad (“BCorp”) posted a revenue of RM2.37 billion and incurred a pre-tax loss of RM270.0 million in the current quarter ended 30 June 2025. The loss was primarily due to non-cash impairments in compliance with applicable accounting standards. In comparison, the Group recorded a revenue of RM2.46 billion and a pre-tax loss of RM96.28 million reported in the corresponding quarter of the previous year.
The performance of the Group’s result in the current quarter under review was contributed by the following business segments:
  • Hospitality segment reported a higher revenue and pre-tax profit, mainly due to the higher overall occupancy rate in the current quarter under review.

    Retail’s non-food segment reported improved results from Cosway’s operations, supported by a higher gross profit margin driven by a more favourable product mix and reduced operating costs. However, revenue from Cosway declined due to the closure of non-performing stores in certain countries in the current quarter under review.

    H.R. Owen Plc (“HR Owen”) reported lower revenue, primarily driven by lower sales volume in the new car sector. The drop was largely due to the result of the changes in the distribution structure of certain manufacturers and the product life cycle of certain car models. The lower pre-tax profit reported in the non-food segment was contributed by HR Owen’s lower revenue and higher operating expenses incurred in relation to brand positioning efforts.

    The lower revenue reported by the food retail business was mainly due to a reduced number of Starbucks cafes in operation compared to the corresponding quarter of the previous year. The higher pre-tax loss in the current quarter reported by the food retail business was mainly due to the non-cash impairment of property, plant, equipment and right-of-use assets of the Group’s non-performing stores, in Starbucks Malaysia’s operations.

  • Property segment reported a lower pre-tax loss in the current quarter, contributed by increased sales of residential units from a local project and the reversal of an over provision of operating expenses. This was partially offset by the lower contribution of progress billings following the completion of The Tropika, Bukit Jalil towards the end of the previous financial year.

  • Services segment reported a higher revenue from STM Lottery Sdn Bhd (“STM Lottery”), but recorded lower overall revenue in the current quarter, primarily due to the reduced contribution from the telecommunications network services (“MTNS”) business. The MTNS business reported a pre-tax loss due to lower revenue and impairment of contract assets reported in the current quarter.

    The stockbroking business also recorded a drop in the revenue, mainly attributed to lower brokerage income as a result of reduction in retail participation in the stock market during the current quarter under review. The asset and fund management business registered a lower revenue arising from lower volume in fund management income.

    Both the stockbroking and the asset and fund management businesses recorded a pre tax loss due to lower brokerage income and higher operating costs incurred; as well as a decrease in fund management income and also higher operating costs incurred respectively in the current quarter under review.

    The aforesaid declines were partially mitigated by higher revenue contribution from STM primarily driven by the higher accumulated prizes from its Toto 4D Jackpot game, given that the number of draws remained the same in both quarters. However, STM Lottery reported a lower pre-tax profit due to higher prize payout and higher operating expenses, including corporate social responsibility sponsorship incurred during the current quarter under review.
Overall, the Group recorded an increase in profit from operations to RM89.84 million in the current quarter under review, compared to RM66.69 million in the corresponding quarter. The pre-tax loss was primarily attributable to higher net investment related expenses, including non-cash impairments totalling RM323.16 million on non-performing assets, in accordance with applicable accounting standards. These impairments may be subject to reversal in the future should conditions improve.
For the financial year ended 30 June 2025

The Group registered a revenue of RM9.34 billion for the financial year ended 30 June 2025, as compared to a revenue of RM10.09 billion reported in the previous financial year. The decrease of the group revenue was mainly due to lower contributions from most segments:
  • Retail‘s non-food segment sees higher revenue reported by HR Owen in the current financial year, was driven by growth in the used car sector and the introduction of the new marque, Lotus. However, when translated into Ringgit Malaysia, the revenue reflected a decline, primarily due to the impact of unfavourable foreign exchange effect. Closure of non-performing Cosway’s stores in certain countries also resulted in reduced contributions from Cosway’s operations.

    The food segment’s lower revenue was a consequence from the prolonged impact of the ongoing sentiment related to the Middle East conflict, which affected market dynamics and influenced customer spending patterns during the financial year under review. The cessation of Papa John’s Pizza operations in the Philippines during the current financial year also contributed to the decline.

  • Property segment reported higher sales of residential units from a local project, but had a lower revenue, primarily due to the completion of The Tropika, Bukit Jalil project towards the end of the previous financial year. Additionally, the previous financial year’s revenue had included sales of residential units from an overseas project.

  • Hospitality segment posted a higher revenue, mainly due to higher overall occupancy rate achieved during the current financial year under review.

  • Services segment recorded higher revenue from STM Lottery, driven by larger accumulated jackpot from the Supreme Toto 6/58 game in the current financial year, despite fewer number of draws conducted (164 draws compared to 167 draws in the previous financial year) during the current financial year. The lower revenue contribution of this segment in the current financial year under review, primarily due to the reduced revenue from the MTNS business as well as the deconsolidation of Naza Enviro Holdings Sdn Bhd (formerly known as Berjaya Enviro Holdings Sdn Bhd) and Singapore Institute of Advanced Medicine Holdings Ltd (“SIAMH”).
The Group reported a pre-tax loss of RM419.48 million for the current financial year ended 30 June 2025, compared to the pre-tax profit of RM619.97 million recorded in the previous financial year. This was mainly due to weaker performance in the retail and property segments. In addition, the Group incurred higher net investment related expenses, including non-cash impairments totalling RM437.28 million on non-performing assets, in accordance with applicable accounting standards. These impairments may be subject to reversal in the future should conditions improve. In the previous financial year, the Group’s performance benefitted from the substantial gain arising from the disposal of certain subsidiaries and the gain on remeasurement of the retained equity interest of a former subsidiary.
  • Retail‘s food segment reported a higher pre-tax loss in the current financial year, mainly due to the factors contributing to the lower revenue, as well as the impairment loss recognised during the current financial year.

    The non-food retail business reported a lower pre-tax profit for the current financial year, primarily attributable to HR Owen. This was mainly due to higher operating expenses incurred from its brand positioning efforts, whilst partially mitigated by reduced finance costs following the interest rate reduction in the United Kingdom.

    The decline was further mitigated by improved results from Cosway, supported by a higher gross profit margin driven by a more favourable product mix and reduced operating costs.

  • Property segment recorded a pre-tax loss due to lower revenue registered in the current financial year.

  • Hospitality segment’s higher pre-tax profit was in tandem with its increased revenue during the current financial year under review.

  • Services segment saw the gaming business posted a higher pre-tax profit, mainly due to higher revenue achieved coupled with a lower prize payout by STM Lottery during the current financial year, as well as the deconsolidation effect of SIAMH. The MTNS business reported a lower pre-tax profit as a result of lower revenue and impairment of contract assets reported in the current financial year.
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 Government of the United States of America. 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 activities. As for Number Forecast Operator (“NFO”) business, it is expected to continue to deliver growth in line with the popularity of its Jackpot and Digit games and continues its lead in terms of market share in the legalised NFO business sector.

Notwithstanding the aforesaid and barring any unforeseen circumstances, the Board is cautiously optimistic that the performance of the business operations of the Group for the financial year ending 30 June 2026 to be satisfactory.
For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.

BCORP REGISTERS A REVENUE OF RM9.34 BILLION FOR FINANCIAL YEAR ENDED 30 JUNE 2025 Read More »

SPORTS TOTO BERHAD REGISTERS RM1.63 BILLION REVENUE AND RM72.3 MILLION PRE-TAX PROFIT FOR Q4 2025

Press Release /
Sports Toto Berhad (“SPToto”) reported RM1.63 billion revenue in the current quarter under review, registering a slight decrease of 1.3% over the revenue of RM1.65 billion in the previous year’s corresponding quarter. The Group also registered RM72.3 million pre-tax profit, which is a drop of 30.6% from the pre-tax profit of RM104.2 million in the corresponding quarter of the previous year.
Menu
Menu
Menu
Menu
PRESS RELEASE
SPORTS TOTO BERHAD REGISTERS RM1.63 BILLION REVENUE AND RM72.3 MILLION PRE-TAX PROFIT FOR Q4 2025
Date: 22 August 2025
Venue: Kuala Lumpur
Review of Results for Current Quarter

Sports Toto Berhad (“SPToto”) reported RM1.63 billion revenue in the current quarter under review, registering a slight decrease of 1.3% over the revenue of RM1.65 billion in the previous year’s corresponding quarter. The Group also registered RM72.3 million pre-tax profit, which is a drop of 30.6% from the pre-tax profit of RM104.2 million in the corresponding quarter of the previous year.

The marginal drop in revenue for the current quarter ended 30 June 2025 was mainly due to the softer sales from H.R. Owen Plc (“H.R. Owen”), while the drop in pre-tax profit was reflected from the performance of both STM Lottery Sdn Bhd (“STM Lottery”) and H.R. Owen, and also higher investment related expenses incurred during the current quarter but partially mitigated by higher share of profits from associated companies.

For the current quarter ended 30 June 2025, STM Lottery achieved a stronger revenue growth of 3.7% as compared to the previous year corresponding quarter. Primarily driven by higher accumulated prizes from 4D Jackpot game, whilst the number of draws remained the same in both quarters. The pre-tax profit decreased by 14.8%, mainly attributed to higher operating expenses including corporate social responsibility sponsorships incurred during the current quarter under review.

As for H.R. Owen, a revenue drop of 4.1% was registered in the current quarter as compared to the previous year corresponding quarter, which was mainly due to lower sales volume in the new car sector that was impacted by the change in distribution structure of certain manufacturers and the product life cycle of certain car models. Its lower pre-tax profit of RM11.7 million from RM17.6 million in the last year same quarter was aligned with the reported lower revenue coupled with higher operating expenses incurred in relation to brand positioning efforts.
Full-Year Results

In the current financial year ended 30 June 2025, SPToto reported a revenue of RM6.5 billion, representing a rise of 1.7% over the revenue of RM6.4 billion reported in the previous year. The Group’s pre-tax profit has also increased by 8.2% to RM370.8 million compared to the pre-tax profit of RM342.8 million reported in the previous year.

STM Lottery registered revenue and pre-tax profit growth of 5.4% and 13.3% respectively as compared to the previous year despite conducting fewer number of draws in the current financial year (164 versus 167 draws in the previous year). The revenue growth was due to the higher sales driven by higher accumulated jackpot from the Supreme Toto 6/58 game in the current financial year; whilst the increase in pre-tax profit was in tandem with the revenue growth coupled with lower prize payout during the current financial year under review.

H.R. Owen’s revenue improved by 3.1% in the current financial year ended 30 June 2025 as compared to the previous financial year, which was mainly attributed to the used car sector and from the new marque, Lotus, represented by the company during the current financial year under review. However, due to the unfavourable foreign exchange effect, the revenue reported a drop of 1.0% when converted into Ringgit Malaysia, being the reporting currency of the Group. H.R. Owen also reported lower pre-tax profit by 24.0% as compared to the previous financial year, which was mainly attributed to higher operating expenses incurred related to brand positioning efforts, while partially mitigated by reduced financial costs following the interest rate reduction in the United Kingdom.
Dividend Declaration

The Board of Directors has declared a fourth interim dividend of 2.0 sen per share, amounting to approximately RM26.7 million for the financial year ended 30 June 2025. The dividend is payable on 17 October 2025 with the entitlement date fixed on 2 October 2025.

With this, the total dividend distribution for the financial year is 8.0 sen per share, amounting to approximately RM106.9 million.
Future Prospects

The Directors remain cautiously optimistic that the Group’s business will remain stable and resilient. The Number Forecast Operator (“NFO”) business is expected to continue to deliver growth in line with the popularity of its Jackpot and Digit games.

Despite the prevailing uncertainties and global economy headwinds including geopolitical tensions, ongoing trade disputes, and the inflationary tariff impact, the Directors are confident that it will continue its lead in terms of market share in the legalised NFO business sector and the Group’s businesses are expected to be encouraging and maintain a positive outlook for the financial year ending 30 June 2026.
For media enquiries, please contact Group Corporate Communications at corpcom@berjaya.com.my.

SPORTS TOTO BERHAD REGISTERS RM1.63 BILLION REVENUE AND RM72.3 MILLION PRE-TAX PROFIT FOR Q4 2025 Read More »

Berjaya Corporation Berhad Sustains Commitment To Affordable Haemodialysis Care For Malaysians

Press Release /
Berjaya Corporation Berhad (“BCorp”) has continued its long-standing support for affordable haemodialysis treatment in Malaysia by donating haemodialysis machines to the Ampang Kau Ong Yah Haemodialysis Centre (“Centre”), reinforcing a giving tradition that began in 2019. This latest contribution comes in response to the Centre’s urgent need to replace worn-out equipment to ensure uninterrupted patient care.
Menu
Menu
Menu
Menu
PRESS RELEASE
Berjaya Corporation Berhad Sustains Commitment To Affordable Haemodialysis Care For Malaysians
Date: 21 August 2025
Venue: Selangor
Selangor, 21 August 2025 – Berjaya Corporation Berhad (“BCorp”) has continued its long-standing support for affordable haemodialysis treatment in Malaysia by donating haemodialysis machines to the Ampang Kau Ong Yah Haemodialysis Centre (“Centre”), reinforcing a giving tradition that began in 2019. This latest contribution comes in response to the Centre’s urgent need to replace worn-out equipment to ensure uninterrupted patient care.

The handover ceremony was attended by BCorp Founder and Advisor, Tan Sri Dato’ Seri Vincent Tan Chee Yioun, and Ampang Kau Ong Yah Foundation, Selangor and Kuala Lumpur (“Foundation”) President, Mr. Wong Kin Tack.

Since 2019, BCorp has contributed a total of nine (9) dialysis machines to the Centre — four (4) units in earlier years and, most recently, another five (5) units worth RM215,000, along with RM100,000 in financial aid for rooftop replacement. In total, BCorp’s support to date amounts to RM481,000.
This sustained support has enabled the Centre to expand its capacity from 10 machines serving 18 patients to 20 machines serving 73 patients today. Fees have been maintained at RM110 per session since inception, subsidised by the Foundation, allowing close to 460 patients to access life-sustaining treatment they might otherwise be unable to afford.

Tan Sri Dato’ Seri Vincent Tan said, “Giving back to the community has always been at the heart of BCorp’s values. Our support for the Ampang Kau Ong Yah Haemodialysis Centre has been part of our commitment to ensure that more Malaysians have access to affordable, high-quality treatment. We hope our contribution inspires others to share in building a healthier and more compassionate society.”

During the visit, Tan Sri Dato’ Seri Vincent Tan and BCorp personnel also distributed nutritious vegetarian lunch packs to patients and staff as a gesture of encouragement, and gained firsthand understanding of the treatment process, the struggles of kidney patients, and the Centre’s operational needs.
The Foundation expressed their appreciation to Tan Sri Dato’ Seri Vincent Tan and BCorp for their continued commitment to enhancing community welfare and improving healthcare accessibility for vulnerable groups in Malaysia, enabling the Centre to serve the community without interruption.

As a responsible corporate citizen, BCorp remains committed to supporting community welfare in alignment with its United Nations Sustainable Development Goals (UNSDGs), particularly the goal of ensuring healthy lives and promote well-being for all.
About Berjaya Corporation Berhad (“BCorp”)

Berjaya Corporation Berhad is a publicly listed company on the Main Market of Bursa Malaysia Securities Berhad. It is a diversified consumer group with four core business segments: Retail (Food & Non-Food), Hospitality, Property, and Services. BCorp’s interests span various industries, including consumer marketing, financial services, hotels and resorts, recreation, gaming, environmental services, motor trading and distribution, telecommunications, IT, and investment holding. For more information, please visit www.berjaya.com
About Ampang Kau Ong Yah Haemodialysis Centre

Ampang Kau Ong Yah Haemodialysis Centre is one of the pioneer and largest non-profit haemodialysis centres in Selangor. Founded in October 2003, the Centre’s mission is to provide subsidised haemodialysis treatment to needy Malaysians suffering from kidney failure, who are unable to afford high life-long treatment.
For media inquiries, please contact Corporate Communications at corpcom@berjaya.com.my.

Berjaya Corporation Berhad Sustains Commitment To Affordable Haemodialysis Care For Malaysians Read More »

BERJAYA LAND AND IMPIANAN UTARA SIGN LANDMARK MOU FOR RARE EARTH MINING AND DURIAN-NAPIER PLANTATION IN COLLABORATION WITH MBI PERLIS

Press Release /
Berjaya Land Berhad (“Berjaya Land”), a prominent Malaysian conglomerate under Berjaya Corporation Berhad, has signed a strategic Memorandum of Understanding (MoU) with Impianan Utara Sdn Bhd (“Impianan Utara”) to jointly explore and develop two major economic initiatives in the state of Perlis: the mining of Rare Earth Elements and other minerals, as well as the plantation of Napier hybrid grass and Blackthorn durian. Both projects will be carried out in collaboration with Menteri Besar Incorporated (MBI) Perlis, the state’s investment vehicle.
Menu
Menu
Menu
Menu
PRESS RELEASE
BERJAYA LAND AND IMPIANAN UTARA SIGN LANDMARK MOU FOR RARE EARTH MINING AND DURIAN-NAPIER PLANTATION IN COLLABORATION WITH MBI PERLIS
Date: 17 June 2025
Venue: Kuala Lumpur
KUALA LUMPUR, 17 June 2025 – Berjaya Land Berhad (“Berjaya Land”), a prominent Malaysian conglomerate under Berjaya Corporation Berhad, has signed a strategic Memorandum of Understanding (MoU) with Impianan Utara Sdn Bhd (“Impianan Utara”) to jointly explore and develop two major economic initiatives in the state of Perlis: the mining of Rare Earth Elements and other minerals, as well as the plantation of Napier hybrid grass and Blackthorn durian. Both projects will be carried out in collaboration with Menteri Besar Incorporated (MBI) Perlis, the state’s investment vehicle.
The MoU signing ceremony was held at Berjaya Times Square Hotel, Kuala Lumpur, and was graced by the presence of YAB Tuan Mohd Shukri Bin Ramli, Menteri Besar of Perlis, and Tan Sri Dato’ Seri Vincent Tan Chee Yioun, Founder & Advisor of Berjaya Corporation Berhad.
A DUAL-PILLAR DEVELOPMENT STRATEGY FOR PERLIS
Project 1: Rare Earth Elements and Minerals Mining

Under this collaboration, Berjaya Land and Impianan Utara will undertake exploration and development activities for Rare Earth Elements and other strategic minerals within Perlis. Impianan Utara has secured the necessary state-level approval through its partnership with MBI Perlis. The initiative aligns with Malaysia’s ambitions to become a globally competitive and environmentally responsible player in the rare earth industry. The state of Perlis is expected to benefit from this development on mining revenue, job creation, and the stimulation of local commercial ecosystems. The project is set to generate sustainable revenues for the state and elevate Perlis into a new era of economic prosperity.
Project 2: Napier Grass and Blackthorn Durian Plantation

Under this collaboration, In a complementary initiative, Berjaya Land will also collaborate with Impianan Utara on a large-scale plantation project involving Napier hybrid grass and premium Blackthorn durian. This joint venture, also in collaboration with MBI Perlis, is designed to strengthen the state’s agro-economy by boosting food security, enabling downstream agro-processing, and opening up opportunities for export. Revenue from the plantation projects will be shared with the state through MBI’s arrangement with Impianan Utara, alongside annual lease payments that will contribute further to state coffers.
Dato’ Ar. Hj Syed Tajul Arif Syed Baharoon Al Jumlud, Executive Director, Impianan Utara Sdn Bhd also commented, “We are proud to embark on this strategic journey with Berjaya Land and MBI Perlis. Our roots in Perlis give us deep understanding of the land’s potential, and together with Berjaya’s corporate strength, we believe we can develop projects that are commercially viable, environmentally responsible, and beneficial to the people. This partnership stands as a symbol of public-private synergy driven by innovation, guided by local insight, and focused on delivering lasting value to the state and its people.”
EXPLORING FUTURE GROWTH BEYOND THE MOU
Looking beyond these initial ventures, Berjaya Land and Impianan Utara will also explore further collaborative opportunities including border city development and tourism-related initiatives leveraging Perlis’ strategic location, improving infrastructure, and growing investment appeal. Both parties believe that Perlis is well-positioned for its next phase of development, and through this MoU, aim to build a long-term framework for inclusive growth, innovation, and responsible economic advancement.
For media inquiries, please 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 Market 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 MENTERI BESAR INCORPORATED PERLIS
Menteri Besar Incorporated (MBI) Perlis is a government-linked company (GLC) that plays a role in the economic development of the state of Perlis. The Perlis MBI functions to attract investors, manage state assets, and implement strategic development projects to advance Perlis. The Perlis MBI serves as the main driver of the state’s economic development. It is involved in attracting investors, managing assets, and implementing development project.
ABOUT IMPIANAN UTARA SDN BHD
Impianan Utara Sdn Bhd was founded based on the principles of continuous improvement and endless search for excellence in service delivery. Construction industry is a highly fragmented industry and one of the main issues plaguing our industry is streamlining all the different expertise, missions, visions of these many parties towards a common objective in construction project deliverables. Realizing this, IUSB has ventured into a new frontier of project management service as an added value service to be offered to their client. IUSB is committed to give a cradle-to-grave service to their client and take great pride in ensuring the client intend is fulfilled.

BERJAYA LAND AND IMPIANAN UTARA SIGN LANDMARK MOU FOR RARE EARTH MINING AND DURIAN-NAPIER PLANTATION IN COLLABORATION WITH MBI PERLIS Read More »

BERJAYA LAND UNVEILS RESIDENTIAL HOUSING AND HOSPITALITY PLANS IN GREENLAND

Press Release /
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.
Menu
Menu
Menu
Menu
PRESS RELEASE
BERJAYA LAND UNVEILS RESIDENTIAL HOUSING AND HOSPITALITY PLANS IN GREENLAND
Date: 16 June 2025
Venue: Greenland, Berjaya Land
KUALA LUMPUR, 16 June 2025 – 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.
Berjaya Land began its Nordic venture in 2019, driven by its international expansion plan to help develop a unique part of Greenland and bring long-term value to the local community. The Company is committed to develop a unique part of the country into a vibrant and welcoming destination. Building on this positive momentum, Berjaya Land extended its focus to Greenland, a land rich in potential and ready for new opportunities.

Through strategic engagement with the Municipality of Nuuk, Greenland’s capital, Berjaya Land identified a growing housing shortage as a key priority for the community. Responding to this need, Berjaya Land formed Berjaya Greenland Invest A/S and secured lands in Nuuk, with the goal of delivering high quality residential apartments suited to Greenland’s unique climate and infrastructure needs.

In a significant step forward, Berjaya Land Berhad signed a Memorandum of Understanding (MOU) with SIBS Sdn. Bhd, a Sweden-based company with a manufacturing facility in Penang also a global leader in modular housing systems. This partnership aims to deliver efficient, climate-resilient homes through modular construction a modern approach that enables faster deployment, cost savings, and long-lasting quality.
Modular housing is particularly well-suited for Greenland’s environment and delivers several key advantages:
  • Superior quality control, achieved through controlled off-site construction;
  • Enhanced energy efficiency, with superior insulation for Arctic climates;
  • Time savings, as site work and modular construction occur simultaneously;
  • Environmental sustainability, through reduced waste and optimized resources;
  • Design flexibility, offering customisation to meet local housing preferences.
The housing initiative is currently in the planning and design phase, with the launch expected soon. Beyond improving housing access, the project is projected to generate meaningful economic benefits – including job creation, local contractor involvement, and long-term urban growth.

Building on this momentum, Berjaya Land is also working closely with the Municipality of Nuuk to explore the next phase of development including but not limited to a hotel and hotel residences that will support Greenland’s growing tourism sector. Following the inauguration of the new international airport in November 2024, Nuuk is poised to become a key Arctic destination. Berjaya Land’s hospitality investment is intended to meet this demand while maintaining a strong commitment to cultural and environmental sustainability.
Syed Ali Shahul Hameed, Group Chief Executive Officer of Berjaya Land Berhad, shared:

“We are excited to move forward with this collaboration, which marks a key milestone in our efforts to deliver modern, practical housing solutions that meet real community needs. This project reflects Berjaya Land’s broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind. Modular construction offers a smart and timely approach, allowing us to deliver faster and more cost-effective homes while supporting local capacity-building. Our focus remains on developing spaces that not only serve today’s needs but also lay the groundwork for resilient, connected communities in the years ahead.”
Mr. Erik Thomaeus, Group CEO of SIBS, stated:

“We are honored to join hands with Berjaya Land Berhad in this strategic partnership that aligns perfectly with our vision of shaping the future of sustainable modern living. Their commitment to community-driven development and respect for local identity resonate deeply with our values at SIBS. At the core of our collaboration is a shared belief that innovation and sustainability must go hand in hand. Together, we aim to deliver modular housing solutions that are not only high in quality and efficiency, but also adaptable to the unique needs of the people and places they serve. We look forward to building more than just homes we’re building resilient communities for generations to come.”

Berjaya Land remains committed to fostering long-term partnerships that empower communities, build capacity, and contribute to resilient and inclusive urban growth across new frontiers like Greenland. With a forward-thinking approach and a strong track record in delivering impactful developments, we are confident in our ability to bring value, create opportunities, and help shape thriving, future-ready communities in the regions we serve.
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 BERJAYA GREENLAND INVEST A/S Berjaya Greenland Invest A/S is a wholly owned subsidiary of Berjaya Land Berhad, part of the Berjaya Corporation Group of Companies, a leading Malaysian conglomerate. The company is committed to driving sustainable development across the region. With a particular focus on transforming Nuuk into a premier destination for recreation and ecotourism, Berjaya Greenland Invest A/S aims to foster local economic growth, address critical housing needs, and create meaningful employment opportunities for the community.

BERJAYA LAND UNVEILS RESIDENTIAL HOUSING AND HOSPITALITY PLANS IN GREENLAND Read More »