Tropicana Corp. Bhd. · MYX:TROP

Tropicana Corp. Bhd — Q1 2026 Earnings Presentation

55 slides from Tropicana Corp. Bhd's earnings presentation, May 28, 2026

  1. Slide 1: Analyst Briefing Pack: Financial Quarter Ended 31 March 2026

    Analyst Briefing Pack Tropicana Corporation Berhad Financial Quarter Ended 31 March 2026 28 May 2026

  2. Slide 2: = ee a TReaistyation NOTS7901003695 (47908-K)]

    = ee a TReaistyation NOTS7901003695 (47908-K)] * » sean gle | JREBEFINING THE ART OF LIVING — = hi = Copyright © Tropicana Corporation Berhad. All Rights Reserved

  3. Slide 3: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 3

  4. Slide 4: Facts at a Glance

    Facts at a Glance Achieved Sales Achieved Revenue RM125.6 million RM313.7 million Unbilled Sales of Basic Loss Per Share RM1,665.0 million 0.96 Sen Net Gearing Net Assets Per Share 0.46x RM1.62 Land Bank of Top 10 1,349.7 acres Property Developer with potential GDV of Awarded by BCI ASIA 2023 RM102.

  5. Slide 5: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 5

  6. Slide 6: Analysis of Sales

    Analysis of Sales Sales by Region Sales by Product Type Eastern, 0.9% High Rise, Northern, 54.4% 27.2% Southern, 27.7% Landed, Commercial Central, 33.9% & Others, 44.2% 11.7% Landed Commercial & Others High Rise Southern Central Northern Eastern Note: Based on YTD 31 March 2026 6

  7. Slide 7: Analysis of Sales (Cont’d)

    Analysis of Sales (Cont’d) Regional Unbilled Sales as of Historical Unbilled Sales (Past 8 Quarters) 31 March 2026 Q1FY26 1,665.0 Q4FY25 1,964.0 Northern RM299.9 million 18.0% Q3FY25 2,071.2 Q2FY25 2,095.5 Central RM1,123 million 67.4% Q1FY25 2,145.6 Southern RM243.1 million 14.6% Q4FY24 2,203.5 Q3F

  8. Slide 8: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 8

  9. Slide 9: Available Land Bank & Potential GDV

    Available Land Bank & Potential GDV Continue with Strategy to Unlock Value Tropicana has introduced the right development projects to home buyers with Tropicana’s trademark development DNA;  Delivering on promises  Provide creative and innovative marketing strategies  Recurring income Available G

  10. Slide 10: Available Land Bank & Potential GDV (Cont’d)

    Available Land Bank & Potential GDV (Cont’d) Remaining and Project Remaining Potential GDV Name Tenure Land Bank @ 31 March 2026 (Acre) (RM'billion) Tropicana Aman Leasehold 29.0 0.3 Tropicana Metropark Freehold 3.0 0.5 Tropicana Grandhill Freehold 88.8 22.0 Tropicana Kiara Freehold 14.0 2.7 Tropica

  11. Slide 11: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 11

  12. Slide 12: Central Region Projects

    Central Region Projects TROPICANA ALAM TROPICANA THE RESIDENCES GARDENS TROPICANA TROPICANA MIYU CHERAS TROPICANA METROPARK TROPICANA HEIGHTS TROPICANA AMAN TENBY INT. SCHOOL 12

  13. Slide 13: Central Region Projects (Cont’d)

    Central Region Projects (Cont’d) TROPICANA AVALON TROPICANA PARADISE TROPICANA GRANDHILL 13

  14. Slide 14: Northern Region Projects

    Northern Region Projects TROPICANA 218 MACALISTER 14

  15. Slide 15: Northern Region Projects (Cont’d)

    Northern Region Projects (Cont’d) TROPICANA CENANG 15

  16. Slide 16: Southern Region Projects

    Southern Region Projects TROPICANA DANGA COVE TROPICANA DANGA BAY TROPICANA UPLANDS 16

  17. Slide 17: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 17

  18. Slide 18: Central Region

    CENTRAL REGION 18

  19. Slide 19: Tropicana Aman, Kota Kemuning

    Tropicana Aman, Kota Kemuning TROPICANA AMAN KOTA KEMUNING Site Picture Site Picture Site Picture Arahsia Residences Bayan Residences Cheria Residences GDV (RM’ m) 386 GDV (RM’ m) 394 GDV (RM’ m) 424 Total units 432 Total units 372 Total units 272 Launch date Apr 2015 Launch date Aug 2015 Launch dat

  20. Slide 20: Tropicana Aman, Kota Kemuning (Cont’d)

    Tropicana Aman, Kota Kemuning (Cont’d) TROPICANA AMAN KOTA KEMUNING Site Picture Site Picture Site Picture Sinaria Shop Lots Dalia Residences Aman 1 GDV (RM’ m) 304 GDV (RM’ m) 430 GDV (RM’ m) 352 Total units 152 Total units 207 Total units 766 Launch date Oct 2016 Launch date Nov 2017 Launch date D

  21. Slide 21: Tropicana Aman, Kota Kemuning (Cont’d)

    Tropicana Aman, Kota Kemuning (Cont’d) TROPICANA AMAN KOTA KEMUNING Site Picture Site Picture Site Picture Triana Shop Lots Elemen Residences Freesia Residences GDV (RM’ m) 322 GDV (RM’ m) 311 GDV (RM’ m) 396 Total units 144 Total units 233 Total units 198 Launch date Apr 2019 Launch date Nov 2019 L

  22. Slide 22: Tropicana Aman, Kota Kemuning (Cont’d)

    Tropicana Aman, Kota Kemuning (Cont’d) TROPICANA AMAN KOTA KEMUNING Site Picture Artist Impression Artist Impression Gemala Residences Hana Residences Umara Shop Lots GDV (RM’ m) 166 GDV (RM’ m) 405 GDV (RM’ m) 265 Total units 116 Total units 130 Total units 100 Launch date Mar 2022 Launch date Oct

  23. Slide 23: Tropicana Aman, Kota Kemuning (Cont’d)

    Tropicana Aman, Kota Kemuning (Cont’d) TROPICANA AMAN KOTA KEMUNING Artist Impression Varia Shop Lots GDV (RM’ m) 455 Total units 151 Launch date Jun 2024 Sales status (%) 84% Completion (%) 54% Note: Status as of March 2026 23

  24. Slide 24: Tropicana Metropark, Subang Jaya

    Tropicana Metropark, Subang Jaya TROPICANA METROPARK SUBANG JAYA Site Picture Site Picture Site Picture Pandora Serviced Residences Paloma Serviced Residences Paisley Serviced Residences GDV (RM’ m) 355 GDV (RM’ m) 508 GDV (RM’ m) 511 Total units 627 Total units 587 Total units 587 Launch date Nov 2

  25. Slide 25: Tropicana Metropark, Subang Jaya (Cont’d)

    Tropicana Metropark, Subang Jaya (Cont’d) TROPICANA METROPARK SUBANG JAYA Site Picture Site Picture SouthPlace Shoppes SouthPlace Residences GDV (RM’ m) 142 GDV (RM’ m) 302 Total units 69 Total units 656 Launch date Mar 2020 Launch date Mar 2020 Sales status (%) 87% Sales status (%) 100% Completion

  26. Slide 26: Tropicana Metropark, Subang Jaya (Cont’d)

    Tropicana Metropark, Subang Jaya (Cont’d) TROPICANA METROPARK SUBANG JAYA ArtistImpression Artist Impression Artist Impression Artist Impression SouthPlace 2 Shoppes SouthPlace 2 Residences GDV (RM’ m) 118 GDV (RM’ m) 410 Total units 74 Total units 553 Launch date Apr 2023 Launch date May 2023 Sales

  27. Slide 27: Tropicana Heights, Kajang

    Tropicana Heights, Kajang TROPICANA HEIGHTS KAJANG Site Picture Site Picture Fairfield Residences Parkfield Residences GDV (RM’ m) 271 GDV (RM’ m) 505 Total units 289 Total units 471 Launch date Feb 2014 Launch date Nov 2014 Sales status (%) 100% Sales status (%) 100% Completion (%) VP Completion (%

  28. Slide 28: Tropicana Heights, Kajang (Cont’d)

    Tropicana Heights, Kajang (Cont’d) TROPICANA HEIGHTS KAJANG Site Picture SitePicture Site Picture Ridgefield Residences Lakefield Residences GDV (RM’ m) 233 GDV (RM’ m) 86 Total units 218 Total units 66 Launch date Jul 2016 Launch date Mar 2019 Sales status (%) 100% Sales status (%) 100% Completion

  29. Slide 29: Tropicana Cheras, Cheras

    Tropicana Cheras, Cheras TROPICANA CHERAS CHERAS Site Picture Tropicana Cheras GDV (RM’ m) 45 Total units 37 Launch date Mar 2018 Sales status (%) 100% Completion (%) VP Note: Status as of March 2026 29

  30. Slide 30: Tropicana Miyu, Petaling Jaya

    Tropicana Miyu, Petaling Jaya TROPICANA MIYU PETALING JAYA Site Picture Tropicana Miyu Residences GDV (RM’ m) 261 Total units 271 Launch date Sep 2020 Sales status (%) 100% Completion (%) VP Note: Status as of March 2026 30

  31. Slide 31: Tropicana Gardens, Kota Damansara

    Tropicana Gardens, Kota Damansara TROPICANA GARDENS KOTA DAMANSARA Site Picture Arnica Serviced Bayberry Serviced Cyperus Serviced Dianthus Serviced Residences Residences Residences Residences GDV (RM’ m) 231 GDV (RM’ m) 405 GDV (RM’ m) 422 GDV (RM’ m) 321 Total units 336 Total units 413 Total units

  32. Slide 32: Tropicana Gardens, Kota Damansara (Cont’d)

    Tropicana Gardens, Kota Damansara (Cont’d) TROPICANA GARDENS KOTA DAMANSARA Artist Impression Artist Impression Edelweiss SOFO & Serviced Apartments Edelweiss Shoppes GDV (RM’ m) 861 GDV (RM’ m) 71 Total units 1,027 Total units 38 Launch date Nov 2019 Launch date Dec 2023 Sales status (%) 99% Sales

  33. Slide 33: The Residences, Kuala Lumpur

    The Residences, Kuala Lumpur THE RESIDENCES KUALA LUMPUR Serviced Apartments: 353 units Site Picture The Residences GDV (RM’ m) 845 Launch date Mar 2015 Sales status (%) 100% Completion (%) VP Note: Status as of March 2026 33

  34. Slide 34: Tropicana Alam, Puncak Alam

    Tropicana Alam, Puncak Alam TROPICANA ALAM PUNCAK ALAM Artist Impression Artist Impression Avisa Residences Phase 1 Avisa Residences Phase 2 GDV (RM’ m) 332 GDV (RM’ m) 386 Total units 431 Total units 480 Launch date Mar 2024 Launch date Nov 2024 Sales status (%) 78% Sales status (%) 32% Completion

  35. Slide 35: Tropicana Grandhill, Genting Highlands

    Tropicana Grandhill, Genting Highlands TROPICANA GRANDHILL GENTING HIGHLANDS Artist Impression Twin Pines (Block A) Twin Pines (Block B) GDV (RM’ m) 475 GDV (RM’ m) 536 Total units 795 Total units 648 Launch date Jun 2021 Launch date Jun 2021 Sales status (%) 81% Sales status (%) 25% Completion (%)

  36. Slide 36: Tropicana Paradise, Genting Highlands

    Tropicana Paradise, Genting Highlands TROPICANA PARADISE GENTING HIGHLANDS Artist Impression Paradise Villa GDV (RM’ m) 144 Total units 83 Launch date Dec 2023 Sales status (%) 33% Completion (%) 10% Note: Status as of March 2026 36

  37. Slide 37: Tropicana Avalon, Genting Highlands

    Tropicana Avalon, Genting Highlands TROPICANA AVALON GENTING HIGHLANDS Artist Impression Breeze Hill Shoppes GDV (RM’ m) 249 Total units 90 Launch date Dec 2023 Sales status (%) 37% Completion (%) 19% Note: Status as of March 2026 37

  38. Slide 38: Northern Region

    NORTHERN REGION 38

  39. Slide 39: Tropicana 218 Macalister, Penang

    Tropicana 218 Macalister, Penang TROPICANA 218 MACALISTER PENANG Site Picture Neo Suites Serviced Residences Neo Suites Retail Lots (Tower T) (Tower T) (Tower M) GDV (RM’ m) 78 GDV (RM’ m) 106 GDV (RM’ m) 111 GDV (RM’ m) 32 Total units 71 Total units 88 Total units 140 Total units 20 Launch date Feb

  40. Slide 40: Tropicana Cenang, Langkawi

    Tropicana Cenang, Langkawi TROPICANA CENANG LANGKAWI Artist Impression Artist Impression Artist Impression Assana Serviced Suites Merissa Serviced Suites Clarissa Serviced Suites GDV (RM’ m) 573 GDV (RM’ m) 115 GDV (RM’ m) 887 Total units 831 Total units 60 Total units 806 Launch date Sep 2021 Launc

  41. Slide 41: Southern Region

    SOUTHERN REGION 41

  42. Slide 42: Tropicana Danga Bay, Iskandar Malaysia Johor

    Tropicana Danga Bay, Iskandar Malaysia Johor TROPICANA DANGA BAY ISKANDAR MALAYSIA JOHOR Site Picture Tropez A, B, C & Retails Lots Bora Tower A GDV (RM’ m) 720 GDV (RM’ m) 529 Total units 1,164 Total units 396 Launch date Dec 2011 – Apr 2012 Launch date Feb 2014 Sales status (%) 99% Sales status (%

  43. Slide 43: Tropicana Danga Cove, Iskandar Malaysia Johor

    Tropicana Danga Cove, Iskandar Malaysia Johor TROPICANA DANGA COVE ISKANDAR MALAYSIA JOHOR Site Picture Site Picture Site Picture Oasis 1 Shop Lots Oasis 2 Shop Lots Oasis 3 Shop Lots GDV (RM’ m) 135 GDV (RM’ m) 344 GDV (RM’ m) 149 Total units 112 Total units 180 Total units 62 Launch date Dec 2012

  44. Slide 44: Tropicana Danga Cove, Iskandar Malaysia Johor (Cont’d)

    Tropicana Danga Cove, Iskandar Malaysia Johor (Cont’d) TROPICANA DANGA COVE ISKANDAR MALAYSIA JOHOR Site Picture Site Picture Site Picture Ayera Phase 1 (Link House) Ayera Phase 2A (Link House) Ayera Phase 2B (Link House) GDV (RM’ m) 124 GDV (RM’ m) 127 GDV (RM’ m) 161 Total units 179 Total units 17

  45. Slide 45: Tropicana Uplands, Gelang Patah Johor

    Tropicana Uplands, Gelang Patah Johor TROPICANA UPLANDS GELANG PATAH JOHOR Artist Impression Site Image Artist Impression Summit Commercial Hub Aster Heights Fraser Heights GDV (RM’ m) 117 GDV (RM’ m) 100 Phase 1 Phase 2 Phase 3 Total units 64 Total units 193 GDV (RM’ m) 168 125 105 Launch date May

  46. Slide 46: Lido Waterfront Boulevard, Johor Bahru

    Lido Waterfront Boulevard, Johor Bahru Artist Impression Skypark Kepler Tower A & B GDV (RM’ m) 1,377 Total units 1,596 Launch date May 2025 Sales status (%) 7% Completion (%) 21% Note: Status as of March 2026 46

  47. Slide 47: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 47

  48. Slide 48: Completed Key Investment Properties

    Completed Key Investment Properties Tenby International School Tropicana Gardens Office Tower Site Picture Site Picture International School Office Tower Acres 10.4 Proposed Strata Approx 440,679 sq ft GFA 242,000 sq ft Floor Area Operating date Sep 2018 NLA Approx 218,271 sq ft Student capacity 1,0

  49. Slide 49: Agenda

    Agenda 1. Facts at a Glance 2. Analysis of Sales 3. Available Land Bank & Potential Gross Development Value (“GDV”) 4. Geographical Coverage 5. Progress of Launched Projects 6. Completed Key Investment Properties 7. Financial Results of Q1 FY2026 49

  50. Slide 50: Financial Results of Q1 FY2026: Financial Results Snapshot

    Financial Results of Q1 FY2026 Financial Results Snapshot RM'000 Q1 FY2026 Q1 FY2025 Revenue 313,680 260,362 Profit/(Loss) Before Tax (12,786) 5,322 Profit/(Loss) After Tax and Minority (23,120) 1,317 Interest Basic Earnings/(Loss) Per Share (sen) (0.96) 0.05 Profit/(Loss) Before Tax Margin (4.08%)

  51. Slide 51: Financial Results of Q1 FY2026 (Cont'd): Segmental Information

    Financial Results of Q1 FY2026 (Cont'd) Segmental Information Individual Quarter Property Development Property Investment, Investment Holding 31 Mar & Property Recreation Total & Others RM’000 Management & Resort Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Revenue 292,279 239,261

  52. Slide 52: Financial Position (Cont'd)

    Financial Results of Q1 FY2026 – Financial Position (Cont'd) 31 March 31 March RM’ million % Change 2026 2025 Non-Current Assets 6,751 6,666 1.3% Current Assets 4,257 3,882 9.6% Total Assets 11,007 10,548 4.4% Non-Current Liabilities 2,892 2,308 25.3% Current Liabilities 3,075 2,883 6.7% Total Liabi

  53. Slide 53: Financial Position: Assets, Liabilities and Equity

    Financial Results of Q1 FY2026 – Financial Position (Cont'd) RM’ million 31 March 2026 31 March 2025 Non-current assets Land bank inventories 5,449 5,302 Investment properties 510 428 Assets PPE and others 792 936 Current assets 4,257 3,882 Total Assets 11,007 10,548 Non-current liabilities Borrowin

  54. Slide 54: End of Presentation, Thank You

    END OF PRESENTATION THANK YOU

  55. Slide 55: Confidentiality notice of PowerPoint Presentation

    Confidentiality notice of PowerPoint Presentation The presentation pack is intended to provide financial and management information about Tropicana Corporation Berhad (“Company”) for investors’ information only and shall not be construed as an attempt by the Company to encourage, recommend or advice

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