KUALA LUMPUR, May 28 — IOI Properties Group Bhd’s net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by fair value and remeasurement gains on investment properties.

Revenue rose 41 per cent to RM3.06 billion from RM2.17 billion a year earlier, supported by stronger performance across its property development, investment and hospitality segments.

The group said property development sales were supported by industrial land demand and steady contributions from its township projects, including developments in the Klang Valley and Johor, while its hospitality arm continued to benefit from improved tourism activity.

Excluding exceptional items, underlying profit before tax climbed 88 per cent to RM878.6 million, reflecting improved contributions across all core businesses.

IOI Properties said its investment segment was supported by higher occupancy at key assets in Malaysia and Singapore, including IOI City Mall, IOI Mall Puchong and its Singapore commercial properties.

The group added that expanding recurring income, particularly from its Singapore portfolio, continued to strengthen earnings visibility, alongside improving performance across its hospitality assets.