MAIN Market-listed property developer Paragon Globe Bhd (previously Goh Ban Huat Bhd) has recorded a RM39.45 mil net profit on the back of RM142.22 mil revenue for its 9M FY3/2026 ended Dec 31, 2025.
The moderation in revenue and net profit from RM154.72 mil and RM52.25 mil respectively in the corresponding period last year reflects a normalisation from an exceptionally strong base which included recognition of major land disposals in its Desa Cemerlang @ Johor Bahru project.
Despite the lower top line, the group demonstrated strong operational efficiency with gross profit margin improving to 53.4% from 52.5% previously.
For its 3Q FY3/2026, Paragon Globe posted revenue of RM34.11 mil (3Q FY3/2025: RM70.64 mil) and a net profit of RM9.51 mil (3Q FY3/2025: RM37.43 mil).
“This financial year has been focused on capital deployment and strengthening our development pipeline,” commented Paragon Globe’s executive chairman Datuk Seri Edwin Tan Pei Seng.
“Proceeds from the land sales transaction has enabled us to expand our presence across Johor’s key growth areas, building development inventories to approximately RM697 mil.”
With this foundation in place, the group’s priority now is disciplined execution, according to Tan.
“Calia Residences has been launched while The Iconic and Kensington Parkview are on their way,” enthused Tan. “In the meantime, we’ve ready sites in Pulai, Tanjung Kupang and Plentong positioned for future launches.”
As Johor continues to benefit from structural drivers such as the RTS Link and cross-border investment flows, Paragon Globe is focused on translating this pipeline into completed developments and sustainable long-term value creation.
Elsewhere, the group’s balance sheet reflects its aggressive expansion strategy. As of end- December 2025, total assets stood at RM1.0 bil while shareholders’ equity rose to RM443.2 mil, thus lifting net assets per share to 59 sen.
Development inventories increased to approximately RM697.0 mil which positions the group for substantial future launches across prime locations including Pulai, Tanjung Kupang, Johor Bahru city centre, Plentong and Pekan Nanas.
Near-term revenue will be driven by new project launches following completion of the land sales transaction.
Launched during the its 3Q FY3/2026, Calia Residences @ Danga Bay, a premium residential development targeting GreenRE Gold certification, is expected to contribute progressively from FY3/2027 as construction milestones are achieved, followed by The Iconic which is a residential project in Johor Bahru city centre.
Also during that quarter, the group formalised a five-year sustainability collaboration with United Overseas Bank (M) Bhd, thus securing access to green financing solutions for eligible projects across its development pipeline.
At the close of today’s (Feb 26) market trading, Paragon Globe was down 1 sen or 1.45% to 68 sen with 143,500 shares traded, thus valuing the company at RM508 mil. – Feb 26, 2026
