KUALA LUMPUR, Aug 27 (Bernama) -- KLCCP Stapled Group (The Group) delivered a steady performance for the second quarter ended 30 June 2026, recording a revenue of RM415.7 million compared to RM410.3 million last year. Profit Before Tax (PBT) rose to RM238.1 million from RM233.6 million in the corresponding quarter, reflecting an improved year-on-year performance. The improved results were primarily driven by stable performance in the office segment and higher contributions from the retail and management services segments. The Group declared a dividend of 9.30 sen per stapled security for the quarter, bringing the cumulative dividend for the first half of 2026 to 18.60 sen.
Resilient amid challenging market conditionsThe retail segment, represented by Suria KLCC and the retail podium of Menara 3 PETRONAS, delivered stronger performance during the quarter, contributing RM143.7 million in revenue, an increase of 4.2% compared with the corresponding period last year. Profit Before Tax (PBT) also grew by 4.4% to RM114.3 million. This was further supported by Menara 3 PETRONAS retail podium achieving full occupancy, up from 97% in the corresponding quarter. The second quarter also saw the mall welcome eight new tenants, including three flagship stores – Gentle Monster
(South Korean designer eyewear brand), the largest flagship store in Malaysia, Marithe Francois Girbaud
(​French premium designer streetwear), and Boss (Green) first store in Malaysia (golf and activewear sportswear), further broadening the tenant mix, while enhancing the mall’s differentiation and appeal.
Suria KLCC also continued to strengthen its role in championing community wellbeing through thoughtfully curated activations, including its collaboration with Lego Malaysia for the Lego Play Fest, which featured Southeast Asia’s first-ever LEGO® Play Run at the KLCC Park. The collaboration further enriched customer experience, encouraging meaningful engagement, while also driving higher footfall to the mall. This commitment to creating meaningful experiences was further recognised with a Silver Award at the International Shopping Centres (ICSC) MAXI Awards 2026 for the mall’s #BeKindOnline Campaign 2024, affirming the impact of its experiential activations and community engagement initiatives.
The hotel segment, represented by Mandarin Oriental, Kuala Lumpur (MOKUL Hotel), faced near-term challenges during the quarter. Performance remains subdued, weighed by the typically softer demand during this period and the ongoing room renovations​, resulting in lower revenue at RM46.7 million and a loss before tax of RM2.2 million. MOKUL Hotel is progressing well with the renovation of its serviced apartment, and the new product that will come on stream is expected to support performance in the second half of 2026, supported by a healthy pipeline of events and the year-end holiday season.
The office segment’s performance remained stable for the quarter, backed by the Triple Net Lease arrangement and long-term leases in the PETRONAS Twin Towers, Menara 3 PETRONAS, Menara ExxonMobil, and Menara Dayabumi. During the quarter, the Group successfully renewed the Menara ExxonMobil lease for another three years, with an improved rental rate that is expected to contribute positively to the Group’s performance over the long term. The segment recorded a revenue and PBT of RM146.7 million and RM122.9 million, respectively.
The management services segment, comprising facilities management and the car parking management services, saw revenue increase by 3.9% to RM99.5 million and a higher PBT of RM21.6 million compared to the previous quarter, mainly driven by higher carpark income following the expansion of parking operations and higher planned maintenance service activities during the quarter.
ProspectsThe Group expects the operating environment to remain challenging in the second half of 2026, amid continued economic uncertainty, evolving market conditions and heightened geopolitical developments. However, the Group will remain focused on navigating these conditions through disciplined cost management, operational efficiency and prudent capital allocation, while continuing to strengthen business resilience.
Chief Executive Officer, Datuk Sr Mohd. Salem Kailany commented,
“While we continue to navigate a complex market landscape, our focus remains on strengthening the fundamentals of our businesses. Our retail segment continues to build momentum through a broader tenant mix, to include distinctive lifestyle concept stores and emerging brands that appeal to today’s customers. At the same time, we continue to enhance our assets and operational efficiency and elevate our offerings to capture opportunities and deliver sustainable growth over the longer term. These efforts, underpinned by the strength and diversity of our portfolio, give us confidence in our ability to respond to market dynamics and remain focused on the opportunities ahead.”About KLCCP Stapled Group KLCC Property Holdings Berhad (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), collectively known as KLCCP Stapled Group is Malaysia’s largest self-managed stapled security that invests, develops, owns, and manages a stable of iconic and quality assets. KLCCP Stapled Group became the first ever Shariah compliant stapled structure in Malaysia upon the listing of KLCC Stapled Securities (KLCCSS) on 9 May 2013 and trades under the REIT sector of the index as a single price quotation.
KLCCP Stapled Group’s core business is in property investment and development, and provision of management services. The Group owns iconic prime assets, namely the PETRONAS Twin Towers, Menara ExxonMobil, and Menara 3 PETRONAS under KLCC REIT and Suria KLCC, the premier shopping mall, Mandarin Oriental, Kuala Lumpur hotel and a vacant land (Lot D1) under KLCCP. KLCCP also has a 33% stake in Menara Maxis.
KLCCP Stapled Group redefines excellence in real estate. With decades of experience building the nation’s iconic landmarks, it has elevated industry standards and expectations, reinforcing its commitment to enriching lives and building a more sustainable future.
Issued by:
Group Strategic Communications and Investor Relations 26 August 2026
SOURCE: KLCC (Holdings) Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Yasmin Abdullah
Head, Corporate Communications
Group Strategic Communications and Investor Relations
KLCC (Holdings) Sdn Bhd
Tel: +603-27837584
Email: yasmina@klcc.com.my
--BERNAMA