L&G Gains Strong Shareholders’ Backing for Continued Growth at 63rd Annual General Meeting

• All Nine Ordinary Resolutions Duly Passed; Shareholders Approve 0.8 Sen Final Dividend for FY2026

• L&G Evolves Beyond Its Property Development Roots into a Three-Pillar Growth Platform Covering Property Development, Education and Industrial Development

KUALA LUMPUR, 22 SEPTEMBER 2026 – Land & General Berhad (“L&G” or the “Group”) enters FY2027 with continued shareholder support following the approval of all nine ordinary resolutions tabled at the Group’s Sixty-Third Annual General Meeting (“AGM”) today.

Among the resolutions approved was a single-tier final dividend of 0.8 sen per ordinary share for the financial year ended 31 March 2026 (“FY2026”). Together with the first interim dividend of 0.2 sen per share paid on 7 May 2026, L&G’s total dividend for FY2026 amounts to 1.0 sen per share, 25.0% higher than the 0.8 sen paid for FY2025. The final dividend will be paid on 16 October 2026 to entitled shareholders whose names appear in the Record of Depositors on 2 October 2026.

Shareholders also approved the re-election of three directors, the reappointment of KPMG PLT as auditors, the general authority to allot and issue shares, and the proposed share buy-back. These approvals provide the Group with the necessary corporate flexibility as it continues to execute its growth plans.

The strong support follows a record FY2026, when Group revenue rose 70.6% to RM490.5 million, profit before tax increased 25.6% to RM74.2 million and profit attributable to owners grew 38.7% to RM50.5 million.

The momentum continued into the first quarter ended 30 June 2026 (“1QFY2027”), with revenue rising 61.5% year-on-year (“YoY”) to RM159.0 million, PBT increasing 42.6% YoY to RM24.9 million and profit attributable to owners advancing 88.7% YoY to RM21.5 million. As at 30 June 2026, the Group recorded approximately RM513 million in unbilled sales, providing continued earnings visibility as construction progresses, supported by approximately RM1.5 billion in planned launches for FY2027.

Managing Director of Land & General Berhad, Low Gay Teck said: “We appreciate the continued confidence and support of our shareholders. The support received at today’s AGM reinforces our commitment to deliver sustainable returns while continuing to position the Group for long-term growth. We will continue to build on the strong operating momentum achieved in FY2026 and the first quarter of FY2027.”

Beyond its current financial performance, L&G is embarking on a strategic evolution to broaden its growth platform, building on its traditional property development strengths while progressively developing education and industrial development as complementary growth pillars. The evolution is taking the Group from one primary earnings pillar to three complementary growth pillars. As set out in the Annual Report 2026, these platforms comprise property development, education and industrial development.

Property development remains L&G’s core earnings driver, supported by a healthy pipeline of residential projects and disciplined execution. Education provides a stable stream of recurring income through the Sri Bestari schools, complementing the more cyclical property business. Industrial development forms the Group’s next growth engine, aimed at unlocking the long-term value of its strategic landbank through phased and systematic development.

Central to the Group’s industrial growth strategy is the proposed transformation of L&G’s approximately 2,500-acre Lembah Beringin landbank into an industrial park. Subject to the necessary approvals, the first phase is targeted for launch within FY2027, with revenue recognition expected to commence from FY2028. The development is intended to position L&G to participate in structural demand from manufacturing, logistics and technology investments while progressively unlocking the value of a sizeable long-held asset. Complementing this, the Group is also progressing plans to develop its 13.74-acre landholding in Tampoi, Johor into a stratified industrial and commercial development, with an estimated GDV of approximately RM500 million.

Low added: “Our move into industrial park development is an expansion of L&G’s capabilities, not a departure from the strengths we have built over decades. Property development will continue to anchor the Group, education will provide recurring earnings, and industrial development will open a new avenue for long-term growth. Together, these three pillars give L&G a broader and more resilient platform for the future.”

The Group will continue to advance its residential, education and industrial initiatives through disciplined capital deployment, regulatory readiness and phased execution, while maintaining its focus on sustainable shareholder returns and long-term value creation.