UOA Development’s Q3 2025 profit soars to RM115.6m on project recognition

UOA Development Bhd reported a significant increase in profit after tax after minority interests (PATAMI) for the third quarter of 2025, reaching RM115.6 million, a substantial rise from RM48.3 million in the same period last year. Revenue for the quarter also saw strong growth, totaling RM217.3 million, up from RM141.4 million in the corresponding quarter of the previous year. Year-to-date revenue climbed to RM499.6 million.

The strong performance was primarily attributed to progressive recognition from key development projects, including a medical center in Bangsar South, Bamboo Hills Residences, Aster Hill, and Duo Tower. New property sales for the period amounted to approximately RM564.6 million, with Bamboo Hills Residences, Laurel Residence, Duo Tower, and Aster Hill being major contributors.

UOA Development's total unbilled sales as of September 30, 2025, stood at RM794.9 million, indicating future revenue recognition. The group remains focused on exploring strategic land parcels to align with and amplify its objectives, reinforcing its long-term value creation strategy across dynamic property markets in Asia.