KUALA LUMPUR, May 28 -- IOI Properties Group Bhd's net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by fair value and remeasurement gains on investment properties.

Revenue rose 41 per cent to RM3.06 billion from RM2.17 billion a year earlier, supported by stronger performance across its property development, investment and hospitality segments.

The group said property development sales were supported by industrial land demand and steady contributions from its township projects, including developments in the Klang Valley and Johor, while its hospitality arm continued to benefit from improved tourism activity.

Excluding exceptional items, underlying profit before tax climbed 88 pe...