Aspen (Group) Holdings (1F3) H2 2026 earnings summary

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.