KUALA LUMPUR (Sept 23): Gold Li Holdings Bhd (KL:GOLDLI), which made its debut on the ACE Market of Bursa Malaysia on May 13, reported a net loss of RM3.89 million on revenue of RM7 million for its second financial quarter ended July 31, 2026.

The results, announced via a bourse filing, was the group's second interim financial report. No comparative figures for the previous year were available.

The property developer said the net loss during the quarter was mainly due to a one‑off initial-public-offering-related cost and higher administrative expenses. Gold Li made a gross profit of RM1.67 million for the quarter, translating to a margin of about 23.9%.

Commenting on the prospectus, the group, which mainly develops landed homes and commercial properties in Johor, said it remains optimistic about the outlook for the property market in Johor and remains focused on its core markets in Muar, Tangkak and Batu Pahat.

“Moving forward, the group will continue to strengthen its property development activities through the strategic launch of new projects that are aligned with the core value and meet prevailing market demand and needs including its proposed development of high-rise residential properties,” it said.

Key infrastructure and economic projects — including the Johor Bahru–Singapore Rapid Transit System Link, the Johor-Singapore Special Economic Zone (JS‑SEZ) and the Maharani Energy Gateway Project — are expected to enhance regional connectivity, attract investment and support economic and property market growth in Johor.

Gold Li raised RM15.21 million from its IPO and previously announced plans to diversify into high‑rise residential development, with a 500‑unit apartment project in Muar slated for launch in 2027 at an estimated gross development value (GDV) of RM400 million.

At the time, the company also said it had 13 ongoing projects and 28 planned developments with a combined GDV of about RM855 million, supported by a land bank of 47.3 acres.

For the six-month period, the group made a net loss of RM3.27 million against RM16.39 million revenue.

Gold Li is currently trading below its initial public offering price of 13 sen. It closed half a sen or 6.25 higher at 8.5 sen on Wednesday, valuing the company at RM51 million.

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