4 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.
