KUALA LUMPUR: Teladan Group Bhd's net profit dipped slightly to RM7.19 million in the third quarter ended September 30, 2025 (3Q25), down from RM7.87 million a year earlier.
Its revenue for the quarter, however, rose 2.18 per cent to RM82.43 million from RM80.67 million previously.
This was driven by ongoing developments at Taman Bertam Heights Phase 2A, Taman Impiana Kesang Phase 2, and Taman Gapam Perdana Phase 1B.
The uplift from these active phases was partially offset by the completion of earlier stages, including Taman Bertam Heights Phase 1A and 1B, Taman Desa BertamPhase 4B and Taman Impiana Kesang Phase 1, which resulted in lower revenue recognition during the quarter.
As a result, the company registered a lower earnings per share of 0.87 sen from 0.97 sen previously.
For the cumulative period of nine months, Teladan's net profit rose to RM20.21 million from RM18.08 million a year ago, while revenue fell to RM215.16 million compared to RM234.24 million.
The company strengthened its development pipeline during the quarter with the launch of three new projects namely Taman Gapam Perdana Phase 3, German Technology Park Phase 1, and Taman Desa Bertam.
Together, these projects carry a combined gross development value of over RM580 million and substantially expand Teladan's residential and industrial offerings, meeting sustained demand across Melaka's high-growth corridors.
As at Sept 30, 2025, Teladan's unbilled sales remained robust at RM312.4 million, providing solid earnings visibility going into the coming quarters.
Teladan managing director Richard Teo Lay Ban said the performance reflects its promising progress and the strength of its development strategy.
He said its year-to-date property sales of RM310.6 million and steady progress in ongoing phases reflect strong underlying demand.
Teo also said with the appointment of the group's new chief executive officer, Allan Ngu, the company looks forward to accelerating its growth plans and driving its next phase of expansion.
Teladan will focus on construction progress, revenue conversion, and cost management throughout the remainder of financial year 2025.