Petaling Jaya, 18 November 2025 – Paramount Corporation Berhad (Paramount) recorded a revenue of RM693.1 million in the first nine months this year, a 2% improvement compared to the same period last year (9M2024: RM679.1 million), driven primarily by the property division. Profit before tax (PBT) was also higher at RM87.7 million (9M2024: RM85.6 million) with improvements recorded across all three segments.
The profit attributable to ordinary equity holders of the company grew 27% to RM61.2 million (9M2024: RM48.3 million) amid a cautious market sentiment in the first nine months.
For the third quarter of 2025, despite the lower revenue recorded (3Q2025: RM242.7 million; 3Q2024: RM273.5 million), the Group achieved a 10% year-on-year increase in PBT (3Q2025: RM35.1 million; 3Q2024: RM32.0 million), primarily driven by the investment and others segment, alongside the absence of impairment losses that had impacted the prior year’s results.
Paramount Group Chief Executive Officer, Jeffrey Chew, said, “For the remaining months of this year, we will be adopting a cautious and demand-driven approach for our pipeline launches. Meanwhile, we continue to actively seek strategic land acquisitions in high-growth locations to support long-term sustainable growth.”
As of 30 September 2025, the Group’s undeveloped land stood at 332.2 acres, with an additional 314.52 acres upon completion of two sale and purchase agreements that were entered into in July and August this year. The Group’s broad portfolio of properties available for sale was valued at RM1.7 billion while unbilled sales stood at RM1.6 billion.
Property segment
For 9M2025, the property segment recorded a revenue of RM654.0 million, 2% higher than RM642.5 million in same period last year, with PBT similar to last year at RM102.8 million (9M2024: RM102.6 million).
The top three largest revenue contributors were The Atera, a transit-oriented development near the Asia Jaya Light Rail Transit Station in Selangor, followed by Utropolis Batu Kawan development in Penang and Bukit Banyan development in Kedah.
Coworking segment
For 9M2025, the coworking segment recorded 29% revenue growth at RM19.2 million, (9M2024: RM14.8 million), primarily driven by higher design-and-build revenue from Scalable Malaysia and the improved revenue of Co-labs Coworking. On the back of the higher revenue, the coworking segment recorded a PBT of RM0.2 million (9M2024: RM24,000).
The segment’s financial performance is expected to strengthen in the final quarter of 2025, with contributions from both Co-labs Coworking and Scalable Malaysia.
“Co-labs Coworking’s newly opened space in KL Sentral, located in Malaysia’s largest integrated transit hub of KL Sentral in Kuala Lumpur, has achieved good take-up rate within the first few months of opening. Furthermore, we anticipate occupancy to pick up across all Co-labs Coworking locations, and we are broadening our market reach beyond the Klang Valley with the launch of a new space in Mid Valley Southkey in Johor Bahru in the final quarter of this year,” Chew said.
Investment and others segment
For 9M2025, the investment and others segment recorded a revenue of RM24.3 million, 6% higher than RM23.0 million in the same period last year, contributed by all business units. Loss before tax narrowed to RM15.2 million, compared to RM17.0 million.
The Group is actively exploring monetisation opportunities across its portfolio of investments to enhance capital efficiency and maximise shareholder returns.
Under the Group’s portfolio of restaurant brands, both Dewakan and Bidou have gained recognition at this year’s MICHELIN Guide Kuala Lumpur and Penang. Dewakan continues to hold the highest culinary accolade in Malaysia, retaining its two MICHELIN Stars for the third consecutive year and one MICHELIN Green Star for the second consecutive year. Bidou, which opened earlier this year, was awarded the Opening of the Year Award and listed in the MICHELIN Selected category.