Gold Li Holdings Berhad (“Gold Li” or the “Group”), an established property developer specializing in landed residential developments and in-house construction services, today announced its unaudited financial results for the first quarter ended 30 April 2026 (“1Q FY2027”).
For the quarter under review, the Group recorded revenue of RM9.38 million, mainly contributed by the sale of completed properties from its property development projects, namely Taman Muhibbah, Taman Kesang Mawar and Taman Sri Jorak.
Gross profit stood at RM3.02 million, representing a gross profit margin of 32.22%, while profit before tax (“PBT”) came in at RM0.94 million, translating into a PBT margin of 10.03%. The Group also recorded profit after tax (“PAT”) of RM0.62 million and basic earnings per share of 0.10 sen.
Revenue from the sale of completed properties contributed RM5.30 million, while revenue recognised from ongoing developments amounted to RM4.08 million during current financial quarter. The Group’s performance reflects continued progress across its property development activities, supported by demand for residential properties in its key operating markets.
Compared with the immediate preceding quarter ended 31 January 2026, Gold Li’s revenue decreased by 12.09% from RM10.67 million, mainly due to lower sales of completed properties during the current financial quarter. Gross profit declined marginally by 2.70% from RM3.11 million, while PBT decreased by 15.07% from RM1.11 million.
Despite the quarter-on-quarter moderation, the Group maintained a healthy gross profit margin of above 30%, underscoring its ability to preserve development margins through disciplined project execution and cost management.
Gold Li’s balance sheet remained supported by total assets of RM198.61 million and total equity of RM117.69 million as at 30 April 2026. The Group’s net assets per share stood at RM0.20, based on its enlarged issued share capital of 600.0 million shares after the initial public offering (“IPO”).
Following its listing on the ACE Market of Bursa Malaysia Securities Berhad on 18 May 2026, Gold Li has raised gross proceeds of RM15.21 million from its public issue.
As at 30 June 2026, RM1.10 million had been utilised for working capital for property development, while RM4.00 million had been utilised for listing expenses. The remaining RM10.11 million allocated for working capital will be progressively deployed within 24 months to support the Group’s ongoing and future development projects.
Dato’ Lee Tiau Huat, Managing Director of Gold Li Holdings Berhad commented,
“While quarterly performance may vary depending on the timing of property sales and project progress recognition, we remain focused on executing our ongoing developments, monetising completed properties and strengthening our presence in Johor.
The IPO has enhanced our financial flexibility and market visibility, allowing us to support construction progress, pursue suitable landbanking opportunities and prepare the Group for its next phase of growth. Our focus remains on Muar, Tangkak and Batu Pahat, where we have built a strong track record and where we continue to see resilient demand for well-planned residential developments.”
Looking ahead, Gold Li remains focused on strengthening its position as an established property developer in Muar, Tangkak and Batu Pahat. The Group intends to leverage its IPO proceeds as working capital to partially finance construction costs for selected projects, acquire new landbanks for future developments and expand its project portfolio to include high-rise residential properties.
Barring any unforeseen circumstances, the Group remains cautiously optimistic on its prospects, supported by local housing demand, economic growth, rising disposable income, key industry expansion and approved investments that continue to support employment and property demand in Johor.
For more information, visit https://www.goldli.com.my
