Latest news with #RM14.26
The Sun
2 days ago
- Business
- The Sun
I-Berhad posts strong Q2 results, sees AI and robotics as new engines for growth
PETALING JAYA: I-Berhad, the developer of i-City in Selangor, reported another strong quarter for the financial period ended June 30, 2025 (Q2'25), reinforcing the group's transformation into a recurring income-centric enterprise. For the quarter under review, the group recorded revenue of RM62.3 million and profit before tax (PBT) of RM14.26 million, driven by solid performance across its core business segments – leisure and hospitality, property development, and property investment. Cumulatively, for the first half of FY2025, revenue stood at RM124.35 million and PBT at RM26.62 million. Recurring income segments, comprising property investment and leisure and hospitality, contributed 67% of total PBT for H1'25, underscoring the group's strategic pivot towards stable, asset-backed earnings. The leisure and hospitality segment remained the largest revenue generator for the second consecutive quarter, contributing RM28.6 million in revenue and RM4.77 million in PBT, a 61% increase from the preceding quarter. Key drivers included WynSnow at Wyndham Suites KLCC and strong performances from the DoubleTree by Hilton i-City and Wyndham Garden i-City hotels, supported by increased foot traffic during the Hari Raya and school holiday periods. The property development segment delivered RM26.64 million in revenue and RM5.66 million in PBT, driven by steady sales and construction progress at BeCentral Residences Towers 1 and 2. As of June 30, 2025, unbilled sales stood at RM90.36 million, providing strong earnings visibility. The property investment segment continued to provide stable returns, contributing RM6.45 million in revenue and RM4.79 million in PBT. Performance was supported by high occupancy and yield optimisation at Mercu Maybank and Central i-City Mall, alongside higher car park revenue and evolving tenant strategies. Executive chairman Tan Sri Lim Kim Hong said:, 'This quarter's results reflect the group's continued discipline in building a resilient, recurring income base while executing on our longer-term roadmap to elevate i-City as Malaysia's leading smart lifestyle destination. Each segment is delivering as intended, whether through stability, growth, or innovation, and this balanced approach gives us the agility to navigate evolving market dynamics.' I-Bhd has commenced a RM10 million artificial intelligence (AI) and smart automation programme, now being deployed across its income-generating assets. Integrated through the proprietary i-City SuperApp and supported by global tech partnerships, this initiative will enable predictive maintenance, optimise energy and visitor flow, and elevate tenant and customer experiences. To accelerate its vision for i-City as a hub for AI and robotics, I- Berhad is collaborating with Agibot, one of China's foremost robotics innovators, backed by Tencent, LG and The strategic alliance marks a bold step in I- Berhad's evolution beyond property, repositioning it as a next-generation, innovation-led group at the intersection of real estate, AI and robotics. By embedding technology into its ecosystem, I- Berhad is building new engines for growth and unlocking long-term value for shareholders. 'This AI and robotics strategy isn't just about enhancing what we have. It is about creating what is next. Through embodied AI systems and strategic partnerships, I-Berhad is unlocking new growth pathways and positioning itself at the forefront of the industries being reshaped by intelligent automation,' said Lim.
New Straits Times
2 days ago
- Business
- New Straits Times
AI-driven strategy propels I-Berhad's strong Q2 performance
KUALA LUMPUR: I-Berhad, master developer of i-City, delivered another strong performance in the second quarter ended June 30, 2025 (Q2 FY2025), reinforcing its transformation into a recurring income-focused enterprise. Quarterly revenue rose to RM62.3 million, while pre-tax profit came in at RM14.26 million, driven by steady contributions from its leisure, hospitality, property development, and property investment segments. For the first half of FY2025, the group posted total revenue of RM124.35 million and pre-tax profit of RM26.62 million, underscoring the resilience of its diversified business model and the growing returns from its income-generating assets. The property investment and leisure and hospitality contributed 67 per cent of total pre-tax profit, underscoring the group's deliberate pivot towards stable, asset-backed earnings that can weather market storms. The leisure and hospitality segment remained the largest revenue generator for the second consecutive quarter, contributing RM28.6 million in revenue and RM4.77 million in pre-tax profit – a 61 per cent increase from the preceding quarter. Key drivers included WynSnow at Wyndham Suites KLCC and strong performances from the DoubleTree by Hilton i-City and Wyndham Garden i-City hotels, supported by increased foot traffic during the Hari Raya and school holiday periods. The property development arm proved its resilience with RM26.64 million in revenue and RM5.66 million in pre-tax profit, backed by steady demand for BeCentral Residences Towers 1 & 2. With RM90.36 million in unbilled sales secured as of June 30, earnings visibility remains solid and confidence high. Meanwhile, the property investment portfolio stayed true to its role as the Group's steady anchor, generating RM6.45 million in revenue and RM4.79 million in pre-tax profit. High occupancy and yield optimisation at Mercu Maybank and Central i-City Mall – coupled with higher car park takings and refined tenant strategies – kept returns firmly on track. Executive chairman Tan Sri Lim Kim Hong said, "This quarter's results reflect the Group's continued discipline in building a resilient, recurring income base while executing on our longer-term roadmap to elevate i-City as Malaysia's leading smart lifestyle destination. Each segment is delivering as intended, whether through stability, growth, or innovation, and this balanced approach gives us the agility to navigate evolving market dynamics." Lim said the next chapter is already being written – one powered by artificial intelligence (AI) and robotics. I-Berhad has launched a RM10 million AI and smart automation programme across its income-generating assets. Integrated through the i-City SuperApp and bolstered by global tech partnerships, the system will deliver predictive maintenance, energy optimisation, visitor flow mastery, and richer tenant and customer experiences. The group has also forged a strategic alliance with Agibot – one of China's robotics trailblazers, backed by Tencent, LG, and This strategic alliance marks a bold step in I-Berhad's evolution beyond property, repositioning the Group as a next-generation, innovation-led Group at the intersection of real estate, AI, and robotics. By embedding technology into its ecosystem, I-Berhad is building new engines for growth and unlocking long-term value for shareholders. "This AI and Robotics strategy isn't just about enhancing what we have. It is about creating what is next. Through embodied AI systems and strategic partnerships, I-Berhad is unlocking new growth pathways and positioning itself at the forefront of the industries being reshaped by intelligent automation," said Lim.
New Straits Times
26-06-2025
- Business
- New Straits Times
Bursa opens marginally higher on cautious Wall Street cues
KUALA LUMPUR: Bursa Malaysia opened marginally higher on Thursday, tracking mixed signals from Wall Street's overnight performance amid a cautious market tone, an analyst said. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.07 per cent, or 1.12 points, to 1,520.91 from Wednesday's close of 1,519.79. The benchmark index had opened 0.45 of-a-point firmer at 1,520.24. The broader market was positive, with 140 gainers outpacing 132 decliners. A total of 255 counters were unchanged, 1,911 untraded, and 102 suspended. Turnover stood at 112.85 million shares worth RM64.10 million. Rakuten Trade Sdn Bhd's vice-president of equity research, Thong Pak Leng, said Wall Street closed on a mixed note as investors weighed ongoing developments in the Middle East and whether the prevailing ceasefire would hold. He added that hopes of an interest rate cut also supported sentiment, after US Federal Reserve chair Jerome Powell maintained a cautious tone in his latest remarks. Back home, Thong noted that the FBM KLCI had seen stock accumulation by local institutions as well as an influx of foreign funds in recent sessions. "Nonetheless, we prefer to remain cautious as developments in the Middle East remain fluid. We expect the index to trend within the 1,515–1,525 range today," he told Bernama. Among heavyweights, Malayan Banking and Tenaga Nasional rose two sen each to RM9.81 and RM14.26 respectively. CIMB added three sen to RM6.80, while Public Bank and IHH Healthcare were flat at RM4.30 and RM6.70 respectively. Among the most active counters, ACE Market debutant Pan Merchant slipped 3.5 sen to 23.5 sen. SNS Network and Reservoir Link lost two sen each to settle at 54 sen and 20.5 sen, respectively, while Dataprep and Solution Group added half a sen each to 10 sen and 10.5 sen. On the index board, the FBM Emas Index rose 9.66 points to 11,356.22, the FBMT 100 Index added 7.26 points to 11,135.66, and the FBM Emas Shariah Index gained 5.48 points to 11,307.26. The FBM 70 Index advanced 6.49 points to 16,236.59, while the FBM ACE Index slipped 8.75 points to 4,450.22. By sector, the Financial Services Index rose 27.27 points to 17,690.27, the Industrial Products and Services Index edged up 0.09 of a point to 150.30, the Plantation Index added 5.09 points to 7,235.28, and the Energy Index improved 1.27 points to 729.38.
