KUALA LUMPUR, May 28 (Bernama) -- The first quarter of 2026 saw KLCCP Stapled Group (the Group) deliver a resilient performance, driven by steady growth across all business segments.
The Group recorded revenue of RM411.8 million, a 1.2% increase against the corresponding quarter, while Profit Before Tax (PBT) stood at RM237.0 million, marking a 1.5% year-on-year increase. This positive momentum resulted in the Group declaring a higher dividend of 9.30 sen per Stapled Security for the quarter.
The retail segment, represented by Suria KLCC and the retail podium of Menara 3 PETRONAS, sustained its momentum during the quarter, recording a revenue of RM143.6 million and PBT of RM113.7 million. Occupancy remained firm at 98%, while footfall recorded a 13% growth, supported by a strong tenant mix and curated experiences. During the quarter, Suria KLCC welcomed three new entrants, including the reopening of Zara’s newest concept for global flagship store in Malaysia, featuring boutique-style layouts, integrated omnichannel technology and advanced energy-efficient systems.
The office segment comprising the PETRONAS Twin Towers, Menara 3 PETRONAS, Menara ExxonMobil, and Menara Dayabumi, continued to remain stable, delivering a revenue of RM146.3 million and PBT of RM122.1 million.
The hotel segment, represented by Mandarin Oriental, Kuala Lumpur (MOKUL Hotel) recorded improved topline performance, with revenue increase of 4.7% to RM49.1 million, compared to the same quarter last year. This improved performance was also contributed by higher banqueting revenue following the completion of its grand ballroom refurbishment undertaken in the previous year. The improvement in revenue has helped mitigated the loss that was due to planned maintenance works and the ongoing upgrading of the serviced apartments which commenced in mid-February. This segment recorded a lower loss of RM2.3 million compared to the loss of RM4.8 million last year.
Meanwhile, the management services segment, comprising facilities management and carpark management services, saw revenue increase by 2.2% to RM92.1 million, with PBT up by 4.5% compared to quarter one last year. This was mainly driven by higher carpark income following the expansion of parking operations, and the revision of seasonal parking rates in April 2025.
ProspectsThe operating landscape is expected to remain challenging. Nevertheless, the Group is confident in its long-term growth prospects, supported by the strength of its integrated ecosystem and resilient portfolio fundamentals.
The Group is well-positioned to capture future growth opportunities through the continued expansion of its retail and hotel offerings, and management services segment. The active line-up of activations within the precinct is expected to further enhance vibrancy and reinforce KLCC Precinct’s position as a premier destination for business, leisure and major events.
Chief Executive Officer, Datuk Sr Mohd. Salem Kailany shared, “Our performance for the first quarter of 2026 sets an encouraging tone for the year and reflects our continued commitment to operational excellence across our businesses. While we remain mindful of the ongoing challenges and uncertainties, we will continue to focus on maximising the performance of our core cash-generating assets to sustain stable and recurring cash flows. ​Alongside this, we remain committed to cost discipline and value creation across the portfolio, whilst advancing our energy efficiency initiatives as part of our long-term sustainability journey.”
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 May 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