Thursday 28/08/2025

KUALA LUMPUR, Aug 28 (Bernama) --  KLCCP Stapled Group (The Group) delivered a stable performance for the second quarter ended 30 June 2025, recording a revenue of RM410.3 million and higher Profit Before Tax (PBT) of RM233.6 million, compared to the same period last year.   The improvement was mainly supported by stronger contributions from the retail and hotel segments, and lower financing costs from the refinancing exercises carried out for the hotel during the quarter and for Suria KLCC at the end of the last financial year.  Profit attributable to equity holders (PATMI) increased by 4.9% to RM200.5 million.

For the first half of 2025, the Group posted revenue of RM817.2 million and PBT of RM467.1 million, reflecting its financial strength and in line with the recently completed upgrading works at the hotel ballroom and the full-year impact of financing costs from the acquisition of the remaining shares in Suria KLCC.

The Group declared a dividend of 9.20 sen per stapled security for the quarter, bringing the total dividend for the first half of 2025 to 18.40 sen.

Stable and balanced segmental performance

The retail segment, represented by Suria KLCC and the retail podium of Menara 3 PETRONAS, contributed a revenue of RM137.9 million and a higher PBT of RM109.5 million from RM108.0 million in Q2 2024 driven by higher base rents and improved occupancy at Menara 3 PETRONAS.  This resilient performance reflects Suria KLCC’s high occupancy and ongoing efforts to curate an appealing tenant mix within the malls.

During the quarter, Suria KLCC strengthened its retail portfolio with the addition of four new tenants, including the Korean restaurant Pal Gae Ook, the first Malaysian outlet of the world-renowned teppanyaki brand, Benihana, the flagship boutique of The Shirt Bar, and Aesop, beauty and skincare outlet.  Suria KLCC’s customer loyalty programme continued with its “Golden Ticket” campaign and its third edition of “Picnic in the Park”, both of which contributed to stronger footfall and reinforced the vibrancy within the malls.

The hotel segment, represented by Mandarin Oriental, Kuala Lumpur (MOKUL), recorded an improved revenue of RM50.6 million and a PBT of RM0.8 million. This steady increase is supported by the reopening of the Grand Ballroom, following the completion of its refurbishment and the newly enhanced MO Club. The segment’s encouraging performance was also driven by gradual pick up in room bookings and increased occupancy contributed by group stay, resulting from corporate events, as well as the ASEAN Ministers meetings and summit during the quarter.

The office segment’s performance remained stable for the quarter, backed by the Triple Net Lease arrangement and long-term leases in the PETRONAS Twin Towers, Menara 3 PETRONAS, Menara ExxonMobil, and Menara Dayabumi.  The segment recorded a revenue and PBT of RM146.4 million and RM120.8 million, respectively.

The management services segment, comprising facilities management and the car parking management services, posted a revenue of RM95.7 million and a higher PBT of RM21.1 million compared to the previous quarter, mainly due to the planned maintenance service activities delivered during the quarter and higher carpark income.

Prospects

While the global and domestic economic environment present ongoing challenges, the Group remains focused on delivering sustainable value through strategic execution of key initiatives across its business segments.  The Group’s strong portfolio and continued enhancement initiatives across retail and hospitality, coupled with stable office segment, will position it well in navigating the uncertainties.

Suria KLCC remains adaptive to changing market conditions, working closely with tenants to optimise offerings and enhance customer engagement.  MOKUL will continue to refine its premium offerings with its upgraded facilities, expanding guest privileges and to cater to rising expectations in the luxury hospitality segment.

Chief Executive Officer, Datuk Sr Mohd. Salem Kailany commented, “Acknowledging the ongoing market challenges, we have proactively invested in asset enhancements in this first half of the year to sharpen our competitive edge and drive stronger performance in the coming quarters.  We remain confident that the Group will continue to deliver a resilient performance in the second half of the year, supported by our solid portfolio, strong fundamentals, and ongoing strategic initiatives that position us well for sustainable growth.”

About KLCCP Stapled Group

KLCC Property Holdings Berhad (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), collectively known as KLCCP Stapled Group, is Malaysia’s largest self-managed stapled security that invests, develops, owns, and manages a stable of iconic and quality assets.  KLCCP Stapled Group became the first ever Shariah compliant stapled structure in Malaysia upon the listing of KLCC Stapled Securities (KLCCSS) on 9 May 2013 and trades under the REIT sector of the index as a single price quotation.

KLCCP Stapled Group’s core business is in property investment and development, and provision of management services. The Group owns iconic prime assets, namely the PETRONAS Twin Towers, Menara ExxonMobil, and Menara 3 PETRONAS under KLCC REIT and Suria KLCC, the premier shopping mall, Mandarin Oriental, Kuala Lumpur hotel and a vacant land (Lot D1) under KLCCP.  KLCCP also has a 33% stake in Menara Maxis.

KLCCP Stapled Group redefines excellence in real estate. With decades of experience building the nation’s iconic landmarks, it has elevated industry standards and expectations, reinforcing its commitment to enriching lives and building a more sustainable future.

Issued by:
 
Group Strategic Communications and Investor Relations
 27 August 2025

SOURCE: KLCC (Holdings) Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Yasmin Abdullah
Head, Corporate Communications
Group Strategic Communications and Investor Relations
KLCC (Holdings) Sdn Bhd
Tel: +603-27837584
Email: yasmina@klcc.com.my

--BERNAMA