{"id":17875,"date":"2025-06-25T18:48:00","date_gmt":"2025-06-25T10:48:00","guid":{"rendered":"https:\/\/www.glomac.com.my\/?p=17875"},"modified":"2025-07-12T18:52:38","modified_gmt":"2025-07-12T10:52:38","slug":"glomacs-q4-earnings-fall-on-tax-expenses-revenue-rises-20pct","status":"publish","type":"post","link":"https:\/\/www.glomac.com.my\/ms\/glomacs-q4-earnings-fall-on-tax-expenses-revenue-rises-20pct\/","title":{"rendered":"Glomac&#8217;s Q4 earnings fall on tax expenses, revenue rises 20pct"},"content":{"rendered":"<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/07\/Glomacs-Q4-earnings-fall-on-tax-expenses-revenue-rises-20pct.webp\" alt=\"\" class=\"wp-image-17876\" srcset=\"https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/07\/Glomacs-Q4-earnings-fall-on-tax-expenses-revenue-rises-20pct.webp 900w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/07\/Glomacs-Q4-earnings-fall-on-tax-expenses-revenue-rises-20pct-300x200.webp 300w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/07\/Glomacs-Q4-earnings-fall-on-tax-expenses-revenue-rises-20pct-768x512.webp 768w, https:\/\/www.glomac.com.my\/wp-content\/uploads\/2025\/07\/Glomacs-Q4-earnings-fall-on-tax-expenses-revenue-rises-20pct-18x12.webp 18w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<p><strong>KUALA LUMPUR: <\/strong>Glomac Bhd recorded an 84 per cent drop in net profit to RM2.41 million for the fourth quarter ended April 30, 2025 (4QFY25) from RM15.2 million a year earlier, due to higher tax expenses.<\/p>\n\n\n\n<p>Despite the profit decline, Glomac&#8217;s revenue rose 20 per cent to RM74.9 million from RM62.4 million previously, driven by steady progress at its ongoing property development projects.<\/p>\n\n\n\n<p>For the full financial year, Glomac&#8217;s net profit fell 33 per cent to RM15.6 million from RM23.6 million, while revenue slipped 10 per cent to RM238.3 million from RM267.6 million last year.<\/p>\n\n\n\n<p>The property developer proposed a single-tier final dividend of 1.25 sen per ordinary share for the financial year 2025 (FY25), pending approval from shareholders at the upcoming annual general meeting.<\/p>\n\n\n\n<p>This comes after the single-tier interim dividend of 1.0 sen per share paid in December 2024, bringing the total dividend payout for FY25 to 2.25 sen per share.<\/p>\n\n\n\n<p>Looking ahead to the financial year 2026, Glomac aims to maintain its launch momentum while continuing to take a disciplined and market-driven approach in introducing new products.<\/p>\n\n\n\n<p>&#8220;Glomac is planning new launches with a total estimated gross developmental value (GDV) of RM324 million, comprising entirely of landed residential properties.<\/p>\n\n\n\n<p>&#8220;Key upcoming launches include two new phases of double-storey terrace houses at Serai@SBCR and a new phase of semi-detached homes at KEYS, Lakeside Residences,&#8221; it said.<\/p>\n\n\n\n<p>Glomac said it remains in a strong financial position to support its future development plans, backed by healthy cash reserves and minimal net gearing.<\/p>\n\n\n\n<p>The company also enhanced its capital structure with the establishment of a sukuk Wakalah programme, offering a funding capacity of up to RM3.0 billion.<\/p>\n\n\n\n<p>Source: Utusan Malaysia<\/p>","protected":false},"excerpt":{"rendered":"<p>NEW STRAITS TIMES: Glomac Bhd recorded an 84 per cent drop in net profit to RM2.41 million for the fourth quarter ended April 30, 2025 (4QFY25) from RM15.2 million a year earlier, due to higher tax expenses.<\/p>","protected":false},"author":7,"featured_media":17876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[],"class_list":["post-17875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-content","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/comments?post=17875"}],"version-history":[{"count":1,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17875\/revisions"}],"predecessor-version":[{"id":17877,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/posts\/17875\/revisions\/17877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/media\/17876"}],"wp:attachment":[{"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/media?parent=17875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/categories?post=17875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.glomac.com.my\/ms\/wp-json\/wp\/v2\/tags?post=17875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}