- For the financial period ended 30 September 2025, Tropicana recorded revenue of RM1.0 billion, representing an increase of 15.4% compared to the corresponding period of year 2024.
- Tropicana continues to optimise its financial management while pursuing strategic growth initiatives to propel the Group forward in the coming year.
- Tropicana’s unbilled sales remain robust at RM2.1 billion, underpinning the Group’s sustainable earnings outlook.
Petaling Jaya (26 November 2025) – In a filing to Bursa Malaysia, Tropicana Corporation Berhad (“Tropicana” or “Group”) announced its unaudited financial results for the financial period ended 30 September 2025. For this period, the Group recorded revenue of RM1.0 billion, representing an increase of RM135.1 million or 15.4% compared to the corresponding period of the previous financial year. The higher revenue was mainly driven by increased progress billings across key projects in the Klang Valley, Southern and Northern regions.
The Group reported a profit before tax (“PBT”) of RM0.7 million, compared to a loss before tax (“LBT”) of RM435.9 million in the preceding year. The improvement in performance was primarily attributable to the absence of the one-off provision for foreseeable losses of divestment properties, as well as higher progress billings arising from the advanced stages of construction work for the Group’s ongoing projects.
Earlier on October 2025, the Group announced its fulfilment of payment obligations of RM139 million, a Tranche 4 payment under its RM1.5 billion Islamic Medium-Term Notes (“IMTN”) Sukuk Wakalah Programme introduced in 2020, bringing total cumulative payments under the programme to RM1.12 billion. In November 2025, Tropicana has successfully completed the issuance of RM300 million IMTN, which was upsized from RM200 million amid robust investor demand and was oversubscribed, with a significant portion taken up by government-linked institutional investors.
Tropicana’s unbilled sales remain strong at RM2.1 billion, supporting its continued momentum in generating sustainable earnings. This is further driven by its ongoing and upcoming signature developments across Malaysia, which collectively carry an estimated Gross Development Value (“GDV”) of RM6.5 billion.
The Group remains focused on sustaining its growth trajectory through enhanced sales performance, strategic monetisation of landbanks and investment properties, and continued financial optimisation. Reflecting this positive momentum, MARC Ratings revised its outlook on Tropicana to positive from stable with an A rating. This upgrade reflects the Group’s improved balance sheet, driven by successful deleveraging initiatives and asset disposals used to reduce borrowings.
“In line with our mission to transform Tropicana into a future-ready group committed to sustainable growth, we have prioritised strengthening our core property segment, leveraging on our expertise, our unique development DNA and ESG commitments. We extend our sincere appreciation to our Tropicana team and business partners for their unwavering support, trust and contribution to our Group,” shared the management.
The Group continues to gain traction in the market with 10 ongoing and new developments worth an estimated GDV of RM6.5 billion:
- Varia Shop Offices @ Tropicana Aman, Kota Kemuning
- Avisa Terrace Homes @ Tropicana Alam, Puncak Alam
- Premium Green Terraces @ Tropicana Alam, Puncak Alam
- Breeze Hill Shoppes & Serviced Apartments @ Tropicana Avalon, Genting Highlands
- Bungalow Lots @ Tropicana Paradise @ Genting Highlands
- TwinPines Serviced Suites @ Tropicana Grandhill, Genting Highlands
- Clarissa Serviced Suites & Beachwalk Shoppes, Tropicana Cenang @ Langkawi
- Skypark Kepler Branded Residences, Lido Waterfront Boulevard (“LIDO”) @ Johor
- Fraser Heights Terrace Homes, Tropicana Uplands @ Johor
- Bora Serviced Apartments, Tropicana Danga Bay @ Johor
Delivery of Vacant Possession in FY2025 and Q1 FY2026:
- Hana Residences @ Tropicana Aman, Kota Kemuning
- Edelweiss Serviced Residences, SOFO & Shoppes @ Tropicana Gardens, Petaling Jaya
- Assana and Merissa Serviced Suites @ Tropicana Cenang, Langkawi
- Summit Commercial Hub @ Tropicana Uplands, Johor
- Umara Shop Offices, Tropicana Aman @ Kota Kemuning
Tropicana’s current landbank stands at 1,336.1 acres, with a total potential GDV of RM168.4 billion. Tropicana is strategically positioned to unlock substantial value, drive sustained growth, and deliver long-term performance over the coming years.
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