Glomac Berhad has closed another profitable year, with shareholders approving a single-tier final dividend of 1.38 sen per share at its 42nd Annual General Meeting in Kuala Lumpur on 22 October 2026. The Glomac FY2026 results point to a developer that is keeping its finances strong while lining up a fresh wave of launches for the year ahead.
All nine ordinary resolutions were passed at the meeting. The final dividend for the financial year ended 30 April 2026 will be paid on 16 December 2026 to shareholders on the register as at 1 December 2026. Based on Glomac’s closing share price of RM0.34 on 30 April 2026, the payout represents a yield of about 4.1%.
Backed by a healthy balance sheet, an established development pipeline and about RM6 billion in remaining Gross Development Value (GDV), Glomac enters FY2027 from a position of stability and renewed momentum.
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Glomac FY2026 Financial Performance
Glomac FY2026 revenue came in at RM226.2 million, with profit before tax (PBT) of RM32.7 million and profit after tax (PAT) of RM20.2 million. Property development remained the Group’s core earnings driver, supported by continued progress across its established townships. Lower finance costs and tax expenses also lifted overall profitability.
Completed projects across its townships have largely achieved full take-up. Glomac ended the year with RM546 million in unbilled sales, giving clear visibility of future revenue as construction moves forward.
A Healthy Balance Sheet With Room to Grow
The Group closed FY2026 with negligible net gearing and cash and bank balances of RM218.9 million as at 30 April 2026, giving it healthy liquidity to support ongoing developments, planned launches and future growth initiatives.
Its RM3.0 billion Sukuk Wakalah Programme adds further funding flexibility. Meanwhile, about 600 acres of strategically located landbank, with a potential GDV of more than RM6.0 billion, provides a long development runway. Net asset value per share stood at RM1.58 as at 30 April 2026.
RM371 Million in New Launches Planned for FY2027
Glomac is rolling out about RM371 million worth of new launches in FY2027, made up of a balanced mix of landed residential and commercial properties across its established townships. RM163 million of new products have been introduced so far:
- 16 Legacy @ Saujana Rawang – premium semi-detached homes in a tranquil lakeside setting in Rawang, one of Selangor’s growing residential hubs.
- QAYA @ Saujana Perdana – 55 units of commercial shop offices.
- Serai 3 @ SBCR – the latest phase of landed homes within the award-winning Serai development.
A further RM208 million of launches is planned for the third quarter, including new shop offices at Saujana KLIA, as the Group continues to unlock the potential of its existing landbank.
Glomac FY2026 Awards and Glo Damansara Refresh
Glomac is also enhancing its existing portfolio. At Glo Damansara, a phased rejuvenation is bringing a refreshed brand identity, new tenants and an evolving mix of dining, lifestyle, sports, wellness and edutainment offerings.
The Group’s track record also earned industry recognition during the year:
- The Edge Malaysia Property Excellence Awards 2025 – Top 30 Property Developers.
- StarProperty Real Estate Developer Awards 2026 – Serai @ SBCR won Excellence for Best Landed Development – Selangor, while Lakeside Boulevard received Honours for Best Commercial Development – Selangor.
- Malaysia Developer Awards 2025 – Top 10 Property Developers in the Top-of-the-Charts (Market Cap Below RM1 Billion) category.
- Des Prix Infinitus Media ASEAN Property Developer Awards 2025/2026 – Best Developer Award.
These accolades give homebuyers confidence that each Glomac launch is backed by a proven record of seeing projects through to completion.
Outlook: Building on Glomac FY2026 Momentum
Building on its Glomac FY2026 performance, the Group remains focused on disciplined execution. Its FY2027 launch programme centres on landed residential and commercial products in established townships where it has deep experience. Glomac will also continue to unlock value from its landbank and investment assets, while staying open to opportunities that strengthen its longer-term growth.
Construction cost and inflationary pressures remain, but Glomac intends to manage them with prudence and discipline. With a strong financial foundation and about RM6 billion in remaining GDV, the Group is confident it can navigate the year ahead and create sustainable long-term value for shareholders.
About Glomac Berhad
Glomac Berhad is a Malaysian property developer delivering residential, commercial and mixed-use developments across Greater Kuala Lumpur, Selangor and Johor. Listed on the Main Market of Bursa Malaysia since 2000, it has delivered more than RM11 billion in development value to date.
