SECTION 05 pg. 38 AL-SALĀM REIT FINANCIAL CAPITAL FINANCIAL REVIEW Al-Salām REIT is pleased to report that the rejuvenation efforts at KOMTAR JBCC are showing results, directly translating into a strong NPI of RM61.1 million in FY2025 for the portfolio, an improvement of 18.8% from RM51.4 million in FY2024, supported by stable rental income from the office, F&B, industrial and other sectors, boosted by the strong performance of the retail segment. Profit before tax was recorded at RM13.8 million in FY2025, up 150% from FY2024, translating into a DPU performance of 2.20 sen in FY2025, an increase of 214% from 0.70 sen in FY2024. FY2025 RM’000 FY2024 RM’000 Variance % Gross Revenue 88,825 78,453 13.2 Net Property Income 61,098 51,415 18.8 Trust Expenses 45,416 44,834 1.3 Profit for the Year (Realised) 14,135 4,388 222.1 Income Available for Distribution (Realised) 14,135 4,388 222.1 EPU (sen) - Realised 2.44 0.76 222.1 DPU (sen) – Realised 2.20 0.70 214.3 The retail segment was the largest contributor to the REIT’s assets, accounting for 50% of total portfolio NPI, with segmental NPI yield rising to 4.75% in FY2025 from 3.90% in FY2024, underpinned by yield improvements at KOMTAR JBCC following the completion of the first phase of rejuvenation. KOMTAR JBCC showed improved NPI despite a marginal increase in occupancy from 0.98% in FY2024 to 2.98% in FY2025 due to ongoing layout and tenant mix reconfiguration works. FY2025 Retail Office F&B Industrial & Others NPI (RM’000) 30,913 1,878 17,413 11,368 NPI Yield (%) 4.29 2.68 5.73 5.78 Occupancy (%) 85 90 100 100 Note: i. Computed based on NPI (which excludes unbilled rental income)
RkJQdWJsaXNoZXIy NDgzMzc=