Hello, fellow investors and property enthusiasts! Today, we’re diving deep into the latest financial performance of Lagenda Properties Berhad, a name synonymous with affordable housing and integrated townships in Malaysia. Their First Quarter Fiscal Year 2025 (Q1 FY2025) report, released on May 27, 2025, paints a picture of robust growth and strategic expansion. Get ready to uncover the key highlights, from an impressive **17.2% jump in revenue** to the exciting launch of a new 1,000-acre township in Kulai, Johor. This report isn’t just about numbers; it’s about Lagenda’s continued commitment to providing accessible homes and expanding its footprint across Malaysia. Let’s break it down!
Core Data Highlights
Financial Performance at a Glance
Lagenda Properties kicked off its fiscal year with strong momentum. The Group’s revenue saw a significant uplift, climbing by 17.2% compared to the same period last year. This growth wasn’t just about top-line figures; net earnings also improved, reflecting efficient operations and healthy demand.
Q1 FY2025
Revenue: RM264.40 million
Net Earnings: RM44.59 million
Earnings Per Share (EPS): 5.32 sen
Q1 FY2024
Revenue: RM225.62 million
Net Earnings: RM42.86 million
Earnings Per Share (EPS): 5.10 sen
This positive performance was primarily driven by higher revenue recognition from ongoing developments such as Darulaman Lagenda in Sungai Petani (Kedah), Lagenda Ardea in Ulu Bernam (Selangor), Puncak Warisan in Kota Tinggi, and Lagenda Suria in Mersing (Johor).
Strong Sales and Future Visibility
Beyond the reported financials, Lagenda also demonstrated robust sales activity during the quarter. The Group confirmed sales of RM252 million, largely underpinned by strong demand for projects like La’ Indera in Kuantan (Pahang) and Puncak Warisan in Kota Tinggi (Johor).
As of March 2025, Lagenda’s unbilled sales stood at a healthy RM898.9 million, complemented by outstanding bookings of RM268.8 million. These figures provide excellent revenue visibility, assuring consistent income streams for the coming quarters.
Strategic Landbank Expansion
Lagenda isn’t just focusing on current projects; it’s also strategically expanding its future development pipeline. The Group recently announced the acquisition of 138.17 acres in Senawang, Negeri Sembilan. This move significantly bolsters their landbank, which now totals an impressive 5,201 acres as of the end of Q1 FY2025, carrying an estimated Gross Development Value (GDV) of RM13.5 billion.
This expanded landbank reinforces Lagenda’s robust development pipeline across six key states: Perak, Selangor, Johor, Kedah, Pahang, and now Negeri Sembilan, positioning them for sustained long-term growth.
Risk and Prospect Analysis
Pioneering New Frontiers and Meeting Demand
Lagenda Properties continues to execute its core strategy of developing integrated townships nationwide, focusing on affordable, practical, and sustainable homes priced below RM300,000. These townships are designed with convenient access to essential amenities and infrastructure, including schools, transportation, and recreational facilities, catering specifically to the B40 and M40 income groups in Malaysia.
A significant highlight from the quarter was the launch of the maiden phase of Lagenda’s 1,000-acre affordable township in Kulai, Johor. This marks a pivotal step in solidifying their presence in one of Malaysia’s most promising growth corridors. The strong initial response to this launch underscores the persistent demand for affordable landed homes in well-planned, emerging locations.
Looking ahead, Managing Director Dato’ Jimmy Doh shared an ambitious outlook, announcing the Group’s intention to double its launch target from 4,000 to 8,000 units this year. This aggressive target is a direct response to the continued strong demand for affordable housing, demonstrating Lagenda’s confidence in its market segment and its ability to scale operations.
Summary and
Lagenda Properties’ Q1 FY2025 report showcases a company in a strong growth phase, driven by consistent demand for affordable housing and strategic landbank expansion. The financial results are positive, with significant increases in both revenue and net earnings. The recent acquisition in Negeri Sembilan and the launch of the Kulai township signal a clear path for future development and market penetration.
Key highlights from this quarter:
- Robust Financial Growth: A 17.2% increase in revenue and a 4.05% rise in net earnings underscore a healthy operational performance.
- Strong Sales Momentum: Confirmed sales of RM252 million and substantial unbilled sales of RM898.9 million provide excellent future revenue visibility.
- Strategic Expansion: The acquisition of 138.17 acres in Negeri Sembilan and the launch of the 1,000-acre Kulai township significantly enhance Lagenda’s development pipeline and market presence.
- Commitment to Affordable Housing: The Group’s continued focus on homes priced below RM300,000, coupled with an ambitious plan to double unit launches, positions it well to capitalize on the sustained demand from the B40 and M40 income groups.
While this blog post provides an overview of Lagenda Properties’ latest performance, it is crucial for individual investors to conduct their own thorough research and analysis before making any investment decisions. This content is for informational purposes only and should not be construed as investment advice.
Conclusion and Outlook
From a professional perspective, Lagenda Properties appears to be executing its strategy effectively, riding the wave of strong demand for affordable housing in Malaysia. Their ability to consistently deliver projects and expand their landbank strategically points towards a well-managed growth trajectory. The commitment to integrated townships with essential amenities also adds significant value to their offerings, appealing directly to a broad segment of Malaysian homebuyers.
What are your thoughts on Lagenda Properties’ latest performance? Do you think the company can maintain this impressive growth momentum, especially with their expanded launch targets and new township developments? Share your views and insights in the comments section below!
