Ijm Corporation Berhad · MYX:IJM
Ijm Corporation Berhad — Q4 FY2026 Earnings Presentation
32 slides from Ijm Corporation Berhad's earnings presentation, May 28, 2026
Slide 1: Financial Results for the Fourth Quarter of Financial Year 2026
IJM CORPORATION BERHAD Financial Results for the Fourth Quarter of Financial Year 2026 Dato’ Lee Chun Fai, Group CEO & Managing Director 28 May 2026
Slide 2: 4QFY26 Group Performance Review
4QFY26 Group Performance Review Financial Performance • Group Income Statement • Group Balance Sheet • Divisional Performance & Key Highlights Value Realisation Initiatives
Slide 3: Financial Performance
Financial Performance
Slide 4: Group Income Statement
Group Income Statement RM’mil 4QFY26 4QFY25 %∆ FY26 FY25 %∆ Revenue 1,866.3 1,791.5 4.2 6,879.0 6,251.9 10.0 EBITDA 75.3 380.8 (80.2) 820.8 1,343.7 (38.9) Operating Losses / Profit (1.4) 313.7 (100.5) 534.7 1,093.7 (51.1) Finance Cost (75.6) (70.1) (275.6) (283.2) Operating Losses/ Profit After Fina
Slide 5: Core PBT
Core PBT RM’mil FY26 FY25 Reported PBT 298.0 791.1 Add/(less): Forex loss/(gain) 197.9 42.1 Impairment of investment in WCE RUMS - 54.0 Impairment of unsold inventories including Hui Hai Plaza 121.6 - Provision for major maintenance of Vijayapura Tollway 51.0 7.7 Fair value loss/(gain) on WCEHB warr
Slide 6: Core EBITDA
Core EBITDA RM’mil FY26 FY25 Reported EBITDA 820.8 1,343.7 Add/(less): Forex loss/(gain) 197.9 42.1 Impairment of investment in WCE RUMS - 54.0 Impairment of unsold inventories including Hui Hai Plaza 121.6 - Provision for major maintenance of Vijayapura Tollway 51.0 7.7 Fair value loss/(gain) on WC
Slide 7: Group Balance Sheet
Group Balance Sheet RM’mil 31 March 26 31 March 25 Share Capital 6,132.4 6,132.4 Shareholders’ Funds 9,939.4 10,276.3 Total Assets 22,951.8 21,769.3 Net Assets Per Share (RM) 2.84 2.93 Total Cash 2,015.1 2,494.0 Total Borrowings (6,602.7) (5,842.4) Net Debt (4,587.6) (3,348.4) Net Debt / Shareholder
Slide 8: Construction
Construction RM’mil 4QFY26 4QFY25 %∆ FY26 FY25 %∆ Revenue 969.5 841.9 15.2 3,622.8 2,567.8 41.1 EBITDA 45.0 60.0 (24.9) 209.2 199.6 4.8 PBT 28.7 41.4 (30.6) 143.2 113.1 26.5 IJMC (Malaysia & Singapore) 72.3 58.3 24.0 247.6 163.7 51.3 Overseas & others (43.6) (16.9) (158.0) (104.4) (50.6) (106.3) Res
Slide 9: Construction Division Highlights
Construction Division Highlights TOTAL OUTSTANDING ORDER BOOK @ 31 MARCH 2026 NEW ORDER BOOK IN FY26 RM 14.7 billion (Malaysia & Singapore) RM 7.9 billion Buildings 75% Outstanding Order Book RM 7.1 billion Major Contracts Secured in FY26: IJM • Data centre in Pulai, Johor Bahru – RM1.4b Roads 20% 4
Slide 10: Property
Property RM’mil 4QFY26 4QFY25 %∆ FY26 FY25 %∆ Revenue 400.0 410.4 (2.5) 1,223.0 1,698.7 (28.0) LBITDA/EBITDA (69.2) 135.2 (151.2) (36.5) 415.6 (108.8) LBT/PBT (93.4) 118.6 (178.8) (101.1) 359.3 (128.1) LBT/PBT % (23.4) 28.9 (8.3) 21.2 Core PBT 71.9 107.2 (32.9) 108.5 386.6 (71.9) Results Comments: F
Slide 11: Property Division Highlights
Property Division NEW SALES RECORDED Highlights RM’million RM2.4b 2,500 4% 11% RM1.8b 2,000 21% RM1.5b 1% 17% 1,500 2% 6% 22% 21% 1,000 63% 14% 500 57% 50% - FY24 FY25 FY26 Property sales RM2,120m Property sales RM1,367m Property sales RM1,680m Land sales RM260m Land sales RM87m Land sales RM163m Ce
Slide 12: UK Projects Progress
UK Projects Progress 25 Finsbury Circus 88 Royal Mint Gardens Construction progress is on schedule 9
Slide 13: Industry
Industry RM’mil 4QFY26 4QFY25 %∆ FY26 FY25 %∆ Revenue 315.6 277.3 13.8 1,240.5 1,054.7 17.6 EBITDA 69.3 67.4 2.8 264.6 243.8 8.5 PBT 53.9 55.1 (2.2) 207.9 190.7 9.0 PBT % 17.1 19.9 16.8 18.1 Results Comments: FY2027 Growth Drivers: Revenue for 4Q FY26 and FY26 increased by 13.8% and • Smart ICP fact
Slide 14: Infrastructure - Toll
Infrastructure - Toll RM’mil 4QFY26 4QFY25 %∆ FY26 FY25 %∆ Revenue 90.5 130.6 (30.7) 392.5 449.5 (12.7) LBITDA/EBITDA (26.7) 45.7 (158.5) 163.7 212.2 (22.9) Malaysian Toll 42.2 23.0 197.6 153.7 Overseas & Other Infra (68.9) 22.7 (33.9) 58.5 LBT/PBT (48.9) (0.9) (5,590.0) 8.5 (0.1) 9,958.1 Malaysian
Slide 15: NPE 2 Progress
NPE 2 Progress Overall Work Progress on target: 4.5% (as at 30 April 2026) Expected date of full completion: October 2029 (48 month) 12
Slide 16: WCE Section 3 Progress
WCE Section 3 Progress January April 2026 2026 The final parcel for WCE Section 3 (Jalan Kebun) was resolved in December 2025 13
Slide 17: Infrastructure - Port
Infrastructure - Port RM’mil 4QFY26 4QFY25 %∆ FY26 FY25 %∆ Revenue 80.6 121.9 (33.9) 364.1 450.9 (19.3) EBITDA 39.8 48.6 (18.0) 174.0 235.6 (26.1) PBT 15.6 31.5 (50.3) 75.1 125.5 (40.2) Cargo Throughput (mil tons) 4.8 5.5 20.6 24.3 Results Comments: FY2027 Growth Drivers: Revenue for 4Q FY26 and FY2
Slide 18: Value Realisation Initiatives
Value Realisation Initiatives 15
Slide 19: Value Realisation Initiatives & Target Distribution
Value Realisation Initiatives & Target Distribution Targeted distribution over the next 3 years RM3 billion which translates to: 83sen total dividend per share (average 28sen p.a.) Listing of IJMC Toll Monetisation India Exit 40%* 3-year yield (average yield of 13% p.a.) • Pure-play exposure • Value
Slide 20: Updates on Value Realisation Initiatives
Updates on 3 Value Realisation Initiatives • Request For Proposal (RFP) process on-going for Principal Advisor and evaluating the appointment of Listing of IJMC other advisors. • Target listing Q3 2027 • The RFP process is ongoing and assessing the preliminary proposals on the monetisation plan from
Slide 21: Track Record of Rewarding Shareholders
Track Record of Dividend Payout: IJM’s current dividend policy commits to pay annual dividend with no minimum payout ratio Dividend RM217m RM214m RM281m RM280m RM280m RM280m paid 116% Track Record of 75% Rewarding Shareholders 52% 73% 55% 56% IJM Asset Growth Business Model 10.97 14.62 14.25 10.66 1
Slide 22: New Dividend Policy & FY26 Dividend
New Dividend Policy & FY26 Dividend FY26 Dividend Payout: Interim Dividend: Special Dividend: Revised Dividend Policy 7 sen 1 sen Timing of distribution of second interim dividend of 5 sen and special dividend of 1 sen: Core Dividend • Entitlement date: 30 June 2026 At least 40% of core PATAMI • Pay
Slide 23: Thank You
m Thank You www.ijm.com
Slide 24: Q&A
Q&A www.ijm.com
Slide 25: Appendix
Appendix Construction Outstanding Order Book New and upcoming property launches 22
Slide 26: Construction Division – Order Book
Construction Division – Order Book UK SINGAPORE (50%) (45.5%) Outstanding Order Book RM5.2 billion Outstanding Order Book RM2.4 billion • • Redevelopment of Harbourfront Centre • 220 Blackfriars Golden Lane • • NIM Collection • A01 Embassy Gardens Fitzroy House • • HDB Bukit Merah C73 • Fairbanks Fi
Slide 27: New Launches 4QFY26
New Launches 4QFY26 (1 Jan to 31 March 2026) 3 projects launched with GDV of RM417.5 million Merionne Residences @ The Ridge View Phase 5 @ Phase 11B @ Nasa City, Johor Light City Puchong 2 - Storey Terrace No. of Units : 145 No. of Units : 16 No. of Units : 178 GDV : RM212.5 mil GDV : RM45 mil GDV
Slide 28: FY2027 Property Launches
FY2027 Property Launches Future launches with GDV of RM1.1 billion 1 2 Enlace Suites II Ridge View Phase 4A Phase 10A @ Nasa City, Johor Phase 7A @ Nasa City, Johor Serviced Apartment Land 2 - Storey Link Bungalow 2 - Storey Shop Office No. of Units : 290 No. of Units : 2 plots No. of Units : 42 No.
Slide 29: FY2027 Property Launches
FY2027 Property Launches Future launches with GDV of RM1.1 billion Phase 3A @ Utama Park Phase 12B @ Nasa City, Johor Phase 1B RSKU @ Shah Alam Phase 8 @ Austin Duta, Johor Residence 2 - Storey Shop Office 2 2 - Storey Semi-D 2 - Storey Bungalow No. of Units : 16 No. of Units : 122 No. of Units : 76
Slide 30: FY2027 Property Launches
FY2027 Property Launches Future launches with GDV of RM1.1 billion Phase 2B @ Rimbayu Indah A1-7 Parcel A @ The Light A1-7 Parcel A @ The Light Phase 10 @ Nusa Duta, Johor 2 - Storey Terrace Office Wellness 2 - Storey Terrace No. of Units : 44 No. of Units : 210 No. of Units : 1 No. of Units : 52 GD
Slide 31: FY2027 Property Launches
FY2027 Property Launches Future launches with GDV of RM1.1 billion Phase 4A @ Shah Alam 2 2 - Storey Link Terrace No. of Units : 48 GDV : RM36 mil Launch Date : Jan 207 28
Slide 32: Thank You
m Thank You www.ijm.com
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