Inspirasi Mont' Kiara, a symbol of prestige in vertical living PROPERTY DEVELOPMENT AND CONSTRUCTION SEGMENT RESULTS AND ANALYSIS This division recorded lower revenue of RM469.2 million (FY2024: RM580.0 million) and profit before tax of RM38.0 million (FY2024: RM40.8 million) respectively due in delay in TR2 Residence’s work progress by the contractor and the newly launched development projects in September 2024, namely Residensi Naluri and Gaya Residency were still at preliminary stage of development and inclusion of a provision for liquidated ascertained damages pertaining to KTM Komuter Station project. The delayed in revenue and profit recognition was mitigated by a reversal of provision for certain development cost no longer required in a township development and contribution from share of results of associates. As at 30 September 2025, the Group has lockedin unbilled sales value of RM471.3 million from which attributed sales revenue and profits will be recognised progressively as their development percentage of completion progresses and were mainly contributed from the ongoing development projects, namely Nexus @ Taman Pertama (RM12.3 million), TR2 Residence (RM212.5 million), Akina @ Kajang 2 Precinct 3 phase 4 (RM21.7 million), Residensi Naluri (RM155.0 million) and Gaya Residency (RM69.8 million). The Group is well positioned to unlock the value of its current development landbank for the transitoriented development projects strategically located in Kuala Lumpur, Kajang and Cheras. The Group has locked-in unbilled sales value of RM471.3 million from which attributed sales revenue and profits will be recognised progressively as their development percentage of completion progresses. RM471.3 MILLION Delivering Value That Matters to People 1 4 6 2 5 7 PG | 39 ANNUAL REPORT 2025 MKH BERHAD 3
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