KUALA LUMPUR: Glomac Bhd plans to roll out RM324 million worth of new launches in the financial year 2026 (FY2026), primarily landed residential developments within its established townships.

The property developer said in a filing with Bursa Malaysia that these launches would be phased strategically to match prevailing market conditions and optimise take-up rates.

Focus remains on delivering products that meet current market demand, which are practical, well-priced homes in strategic, well-connected locations.

Backed by a strong balance sheet and a diversified landbank exceeding RM6 billion in gross development value (GDV) potential, the company said it is well-positioned to sustain sales momentum and drive sustainable growth.

Meanwhile, following the company’s 41st annual general meeting, it said shareholders approved a single-tier final dividend of 1.25 sen per ordinary share for the financial year ended April 30, 2025 (FY2025).

Combined with the interim dividend of 1.0 sen paid on Dec 30, 2024, this represents a total payout of 2.25 sen per share, translating to a 6.6 per cent yield based on the closing price of RM0.34 per share as of April 30, 2025. – Bernama

Source: The Star