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Aspen (Group) Holdings (1F3) investor relations material
Aspen (Group) Holdings H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2026 revenue was RM201.182m; attributable loss was RM17.467m, versus profit of RM66.236m in FY2025.
Portfolio divestments unlocked capital and strengthened the balance sheet; Versa advanced toward FY2027 handover, and Mezon @ Park Enclave launched with strong early interest.
Financial highlights
Revenue RM201.182m vs RM246.906m YoY; gross profit RM47.775m vs RM61.424m.
Continuing operating loss RM7.503m; loss before tax RM13.031m; continuing net loss RM11.870m.
Loss attributable to shareholders RM17.467m; basic and diluted EPS loss 1.61 sen, versus FY2025 profit of RM66.236m and EPS of 6.12 sen.
Other income fell to RM5.235m from RM77.060m; FY2025 included a RM74.081m gain on disposal of a joint venture.
Net operating cash generated RM94.890m vs RM66.021m used; cash and cash equivalents were RM96.531m, including RM18.232m pledged deposits.
Outlook and guidance
Versa topped out and remains on track for buyer handover in FY2027; near-completion visibility is expected to support renewed buyer interest and sales momentum.
Mezon @ Park Enclave launched in September 2026; bulk sale agreements and early buyer response indicated demand for integrated township living.
FY2027 sustainability targets include positive operating cash flow and adequate cash balance, GreenRE certification for Versa, and maintaining or reducing energy and GHG intensity.
Overseas marketing in Hong Kong and Taiwan, including an MM2H agency partnership, is intended to broaden the buyer base beyond domestic demand.
- Profit rebounded, but cash outflow and funding execution remain central risks.1F3
H2 2025 - Discontinued-operation gains lifted FY2024 profit, while continuing operations and liquidity remained under pressure.1F3
H2 2024 - RM94.3m H1 profit included a RM98.0m deconsolidation gain as property launches advance.1F3
H1 2024 - KASB disposal gain lifted profit as property revenue fell 27% YoY.1F3
H1 2025 - Revenue fell 37% as the prior-year disposal gain drove a swing to a RM5.0m loss.1F3
H1 2026
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