Paramount’s property segment recorded modest growth while navigating a moderated economic environment and property market challenges, supported by efficiency measures and robust sales strategy
Petaling Jaya, 20 August 2025 – Paramount Corporation Berhad (Paramount) registered a revenue of RM450.4 million for the first six months of 2025, which was 11% higher than that of the same period last year (6M2024: RM405.5 million), while profit before tax (PBT) was comparable to that of last year at RM52.6 million (6M2024: RM53.6 million). The profit attributable to ordinary equity holders of the company was higher at RM36.2 million (6M2024: RM31.9 million).
With that, Paramount declared a single tier interim dividend of 3.0 sen per share, similar to that of last year, which will be paid to shareholders who are in the record of depositors on 18 September 2025.
Paramount Group CEO, Jeffrey Chew said, “Paramount posted modest improvements in the property segment in the first half. However, ongoing economic and property market headwinds have prompted us to take a prudent approach. Therefore, we have revised our 2025 sales target to RM1.2 billion from RM1.5 billion and scaled back the launch pipeline to RM1.0 billion from RM1.4 billion.”
“Still, we remain cautiously optimistic about pipeline launches in the second half of this year. We target to launch five projects with a projected gross development value of RM0.6 billion in Penang, Selangor and Kedah,” he said.
These launches include 114 landed homes in Paramount Embun Hills, Penang (launched recently in July this year), and new phases of existing projects: Greenwoods Salak Perdana in Sepang (townhouses), Uptown Residences 2 at Berkeley Uptown in Klang (serviced apartments), Bukit Banyan in Sungai Petani (landed homes) and the Atera in Petaling Jaya (a transit-oriented development).
“Response for Paramount Embun Hills was encouraging, in terms of the landed homes and especially for the commercial Shoppes. We aim to build on the strong momentum and leverage our solid reputation in high-growth locations, such as Penang and Kedah where we have recently entered into a sale and purchase agreement to purchase 18.97 acres and 295.55 acres of land respectively, to sustain long-term growth for the Group,” Chew added.
Property segment
For 6M2025, the property segment reported a revenue of RM424.1 million, 11% higher compared to RM382.5 million in 6M2024. PBT was marginally higher at RM66.1 million (6M2024: RM64.0 million).
Coworking segment
Revenue for 6M2025 was RM14.0 million, 52% higher year-on-year (6M2024: RM9.2 million). Despite the higher revenue, this segment recorded a slight loss before tax (LBT) of RM0.4 million (6M2024: LBT RM0.2 million), mainly due to rental costs incurred for Co-labs Coworking’s eighth outlet in NU Sentral Shopping Center which started operating in May this year.
Chew expressed confidence that the Co-labs Coworking outlet in KL Sentral will perform well, highlighting its strategic location and excellent connectivity via multiple train lines, city buses and the express rail link from Kuala Lumpur International Airport.
Co-labs Coworking will be launching its ninth outlet in Johor Bahru in the fourth quarter of 2025, expanding its footprint beyond Klang Valley.
Investment & Others segment
In August this year, Paramount has acquired 28% equity stake in Singapore-listed Envictus International Holdings Limited (Envictus), a diversified food and beverage (F&B) group with an established portfolio of Malaysian F&B operations such as Texas Chicken restaurants and San Francisco coffee chain. With potential board representation to participate in Envictus’ strategic and operational decision-making, this investment represents a significant step in Paramount’s strategy to diversify its earnings base.“This acquisition is a timely, strategic step towards sustaining growth as the F&B sector offers long-term potential and this move will broaden our income streams,” Chew said.
Source : Paramount Corporation Berhad
