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Tropicana Corp. Bhd.

Tropicana Corp. Bhd.

MMYX:TROP
1.18
MYR
+0.01
(+0.85%)
15.32P/E
Tropicana Corp. Bhd.
MYX:TROP
(Bursa Malaysia)

Recent

price

1.18

P/E

ratio

15.32

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
0.58
0.73
1.08
1.27
1.19
0.8
0.94
1.16
1.04
0.75
0.74
0.6
0.54
0.69
0.61
0.62
0.85
Revenue per Share
0.09
0.15
0.29
0.31
0.23
0.14
0.07
0.12
0.11
0.22
0.08
-0.02
-0.22
-0.06
-0.07
-0.03
-0.05
Basic EPS, GAAP
-0.16
-1.75
-0.73
0.08
-0.47
-0.16
-0.14
0.04
-0.03
-0.1
-0.55
-0.38
-0.06
0.04
0.01
-0.19
-0.02
Free Cash Flow per Basic Share
0.05
0.03
0.02
0.08
0.04
0.05
0.02
0.03
0.01
0.03
- -
- -
- -
0.02
0.02
- -
- -
Dividend per Share
1.94
2.05
2.4
2.15
1.94
1.98
2
2.08
2.19
2.57
2.7
2.88
2.27
2.06
1.84
1.8
1.75
Book Value per Share
1.94
2.05
2.37
2.08
1.88
1.98
2
2.08
2.17
2.57
2.7
2.88
2.27
2.05
1.83
1.8
1.75
Tangible Book Value per Share
501
517
581
1,165
1,483
1,566
1,557
1,565
1,570
1,504
1,434
1,450
1,761
2,176
2,289
2,440
2,428
Basic Weighted Avg Shares
292
375
630
1,476
1,759
1,253
1,459
1,815
1,635
1,136
1,063
876
943
1,493
1,408
1,501
2,065
Sales/Revenue/Turnover
16.35
14.69
16.85
19.11
18.94
10.24
6.71
12.53
15.55
3.61
19.57
2.96
-34.5
0.23
-19.68
4.42
3.17
Operating Margin (%)
13
11
18
33
35
28
26
24
24
37
35
37
40
37
29
28
28
Depreciation Expense
43
77
171
362
334
223
113
181
170
325
109
-30
-393
-130
-164
-83
-124
Net Income, GAAP
10.72
14.7
19.74
24.87
14.59
22.54
31.57
31.86
43.84
7.66
38.53
- -
- -
- -
- -
- -
180.17
Effective Tax Rate (%)
14.8
20.52
27.14
24.55
18.99
17.83
7.71
9.97
10.4
28.65
10.23
-3.37
-41.74
-8.68
-11.68
-5.55
-5.99
Profit Margin (%)
377
352
541
975
1,991
1,700
1,971
1,840
1,672
-395
597
627
33
-281
908
1,230
764
Working Capital
208
846
1,597
1,567
1,673
1,265
1,262
1,166
1,333
1,581
3,084
3,377
2,428
1,814
1,040
1,670
1,666
LT Debt
1,036
1,157
2,226
2,734
3,185
3,355
3,397
3,587
3,813
5,649
5,759
5,984
5,755
5,807
5,382
5,159
5,007
Total Equity
3.7
2.77
2.75
4.84
5.51
1.85
1.3
2.9
2.53
0.54
1.46
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
3.83
4.66
5.91
9.11
6.17
4.4
2.5
3.9
3.53
5.47
1.96
- -
- -
- -
- -
- -
0.75
Return on Capital (%)
4.77
7.65
10.9
15.52
12.14
7.42
3.63
5.67
5.09
8.9
2.76
-0.73
-9.13
-2.84
-3.58
-1.88
-2.84
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,089
1,006
983
LT Borrowings
1,668
1,976
1,664
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
82
82
82
Shares Outstanding
2,413
2,413
2,402
Market Capitalization
2,968
2,943
2,955

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,216
4,257
3,692
Cash, Cash Equivalents & STI
565
828
876
Accounts Receivable, Net
368
746
904
Inventories
1,820
1,874
1,539
Total Current Liabilities
2,986
3,075
2,929
Payables & Accruals
- -
- -
- -
ST Debt
1,089
1,006
983
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.28%
-2.1%
-4.14%
Free Cash Flow
-230.31%
-520.42%
-2,226.24%
Net Income, GAAP
104.52%
203.05%
-49.33%
Sales/Revenue/Turnover
4.33%
9.87%
6.64%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
291
385
202
530
1,408
2025
260
330
422
478
1,501
2026
314
851
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
-0.2
0.1
-0.07
2025
- -
- -
-0.02
-0.02
-0.03
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Tropicana Corporation Berhad engages primarily in property development and investment holding in Malaysia. The company develops residential properties including resort-style homes, serviced residences, condominiums, and landed houses; commercial properties such as office towers, retail spaces, shopping malls, and mixed-use developments; and leisure facilities encompassing golf courses, resorts, hotels, clubhouses, and urban parks. It also provides property management and maintenance services; operates private schools and education services; manages recreation and resort operations including landscape services; and engages in ancillary activities like general trading, money lending, construction, agriculture, water treatment, electricity distribution, organic farming, timber logging, food and beverage, event organization, and trading in healthcare products such as gloves and face masks. Tropicana Corporation Berhad operates through three main segments: Property Development and Property Management; Property Investment, Recreation and Resort; and Investment Holding and Others, with a focus on townships across key regions including the Klang Valley, Johor, Kedah, and Genting Highlands; it maintains a substantial landbank of 1,336.1 acres with a potential gross development value of RM168.4 billion. Founded in 1979 and formerly known as Dijaya Corporation Berhad until its rebranding in May 2013, the company is headquartered at Tropicana Gardens Office Tower in Petaling Jaya, Selangor, Malaysia. Recent developments include the successful issuance of a RM300 million Sukuk Wakalah in November 2025 under its Islamic medium-term notes programme to fund township projects and support expansion, following a RM139 million sukuk redemption in October 2025 that contributed to reducing gross gearing to 0.42 times as of June 30, 2025; achievement of 100% take-up rates for 10 projects such as Tropicana Miyu, Edelweiss Serviced Residences, and others in the Klang Valley; appointment of international architectural firm Skidmore, Owings & Merrill to masterplan the 163-acre Lido Waterfront Boulevard in Johor; strategic collaborations with global firms to boost sales; planned launches of new phases in Danga Bay, Gelang Patah, Pantai Cenang, and Genting Highlands; and an upgrade to positive outlook with an A rating from MARC Ratings reflecting improved balance sheet management and deleveraging efforts.