BUOYANT earnings momentum from its property development division has propelled net profit of Main Market-listed property developer Paragon Globe Bhd (formerly Goh Ban Huat Bhd) for 1Q FY3/2026 ended June 30, 2025 to spike 178% year-on-year (yoy) to RM15.9 mil (1Q FY3/2024: RM5.73 mil).
Revenue for the period under review more than doubled to RM55.64 mil (1Q FY3/2024: RM22.95 mil) with the group’s gross profit margin having strengthened to 50.1% from 44.0% a year earlier.
The improved performance was primarily driven by revenue recognition from land sales in Desa Cemerlang, Johor alongside sales of detached factories and shop offices at Pekan Nanas.
Paragon’s property development division contributed RM55.6 mil in revenue and RM23.6 mil in pre-tax profit compared to RM22.9 mil and RM9.6 mil respectively in the same period a year ago.
“The revenue growth and improved profitability reflect steady demand for our industrial and commercial offering while also demonstrating the value of our strategic landbank in Johor,” commented Paragon’s executive chairman Datuk Seri Edwin Tan Pei Seng.
“Moving forward, we will continue to build on this momentum by advancing our pipeline of residential, commercial and industrial projects while embedding sustainability across all developments.
“Our goal is to deliver consistent value to our shareholders and stakeholders as Johor cements its role as a key growth hub for Malaysia.”
As Paragon enters its FY3/2026, the group remains confident of its growth prospects amid Malaysia’s steady economic environment and Johor’s rising prominence.
Transformative infrastructure initiatives such as the Johor Bahru-Singapore Rapid Transit System Link (RTS Link) and the Johor-Singapore Special Economic Zone (JS-SEZ) are expected to drive increased cross-border investment flows and strengthen demand for residential and industrial properties.
Moreover, the group is also advancing its upcoming projects, including Calia Residences @ Danga Bay, The Iconic @ Johor Bahru city centre and its first landed mixed-use township, Kensington Parkview @ Iskandar Puteri.
In parallel, Paragon continues to prioritise sustainability through its collaboration with GreenRE Sdn Bhd and partnerships with financial institutions to deliver certified green developments that meet evolving market expectations.
Added Tan: “Our focus remains on disciplined execution, timely delivery of projects and sustainable development. With Johor’s property market set for long-term expansion, Paragon is well-positioned to capture these opportunities and sustain growth throughout FY3/2026.”
At the close of today’s (Aug 27) market trading, Paragon was up 1.5 sen or 2.52% to 61 sen with 90,700 shares traded, thus valuing the company at RM455 mil. – Aug 27, 2025
