KUALA LUMPUR (Feb 27): IGB Bhd (KL:IGBB), the developer of Mid Valley City, said on Friday its net profit rose over 20% in the last quarter of 2025, thanks to a surge in rental income and home sales. Net profit for the three months ended Dec 31, 2025 (4QFY2025) was RM99.14 million, the company said in an exchange filing. “The group expects continued growth across its core segments” in 2026, IGB said in a statement. The company derives most of its revenue from Mid Valley Megamall and the adjacent The Gardens Mall, both parked under the listed real estate investment trust IGB REIT (KL:IGBREIT). IGB said the hotel segment is poised to benefit from the Visit Malaysia 2026 campaign, bolstered by the planned reopening of St Giles Mid Valley Kuala Lumpur in April.

Source: The Edge Markets February 27, 2026 12:50 UTC