EcoFirst Consolidated

What EcoFirst Consolidated does

EcoFirst Consolidated is a publicly traded Malaysian property management and property development company headquartered in Kuala Lumpur and listed on Bursa Malaysia under the ticker symbol ECOFIRS. Founded in 1973, the company has operated for over five decades in the Malaysian real estate sector and currently employs between 101 and 250 people. Its core business comprises two traditional real estate activities—managing properties and developing them—operating within Malaysia's domestic market without disclosed geographic expansion, no consumer-facing application, no public API or SDK, and no documented technology platform beyond the corporate website (ecofirst.my).

The business model is anchored in property-related revenue generation: property development typically produces lumpy, project-driven revenue tied to completion and sale of developments, while property management produces more recurring fee-based revenue. Available financial data indicates volatile, non-linear revenue between 2021 and 2025, with reported values that are unusually large for a sub-250-employee Malaysian real estate firm and warrant verification. EBITDA and operating income were negative in 2022, 2023, and 2024 before swinging sharply positive in 2025, suggesting a recent turnaround; net income remained positive across all five years except 2022. No specific product lines, pricing models, customer segments, partnerships, acquisitions, or leadership changes are disclosed in the input data, leaving the underlying drivers of both the historical volatility and the recent inflection point unidentified.

Name

EcoFirst Consolidated

Website

https://ecofirst.my

Company type

Private

Founded year

1973

Headcount range

101–250 employees

Short description

EcoFirst Consolidated is a publicly listed Malaysian property management and property development company headquartered in Kuala Lumpur. Founded in 1973, it serves Malaysia's real estate market with 101-250 employees under the Bursa Malaysia ticker ECOFIRS.

Ownership category

akta.pro rank

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Core offering

EcoFirst Consolidated is a property management and property development company headquartered in Kuala Lumpur, Malaysia. The company manages a portfolio of real estate assets and undertakes property development projects in the Malaysian market, generating revenue through management fees, rental income, and property sales. Founded in 1973 and publicly listed on Bursa Malaysia (klse:ECOFIRS), the company operates with 101-250 employees focused on the Malaysian real estate sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Property management Ongoing management of real estate assets for property owners, including operational, administrative, and tenancy-related services in the Malaysian market.
• Property development Development of real estate projects in Malaysia, including the creation and sale or lease of developed properties to buyers and tenants.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• SP Setia Berhad: SP Setia is one of Malaysia's largest listed township and property developers, headquartered in Kuala Lumpur. It is comparable to EcoFirst as a broadly diversified Malaysian property developer with overlapping exposure to residential and commercial real estate, though it is materially larger and more diversified geographically.
• Sunway Berhad: Sunway is a Malaysian conglomerate with a sizeable property development and property investment division. It overlaps with EcoFirst in property development and integrated township management, but is a much larger diversified group.
• Sime Darby Property Berhad: Sime Darby Property is a major Malaysian-listed township developer with a large diversified land bank. It competes with EcoFirst in residential and integrated developments, but operates at significantly larger scale and with broader geographic reach.
• IOI Properties Group Berhad: IOI Properties is a Malaysian-listed developer and property investor with mixed property and investment-property exposure. It is comparable to EcoFirst in the dual development/asset ownership model, though at considerably larger scale.

Direct peers

• UOA Development Berhad: UOA Development is a Kuala Lumpur-focused listed developer and asset owner with both development and recurring rental income. The dual development/asset-light management model is the closest analogue to EcoFirst's stated property management and development footprint.
• UEM Sunrise Berhad: UEM Sunrise is a KLSE-listed property developer with strong Klang Valley exposure, including flagship projects in Kuala Lumpur. It is a direct comparable to EcoFirst in product mix (Klang Valley residential/commercial) and listing tier.
• Eastern & Oriental Berhad (E&O): Eastern & Oriental is a Kuala Lumpur-based listed developer with mixed property development and hospitality/asset ownership. Comparable to EcoFirst in scale and dual-mode operating model, with overlap in Klang Valley and Penang markets.
• Mah Sing Group Berhad: Mah Sing is a Kuala Lumpur-based listed developer focused on residential and commercial property in Klang Valley. It is closely comparable to EcoFirst in scope (Klang Valley residential/development), scale (mid-cap), and listed-on-KLSE status, making it the most direct peer.
• MKH Berhad: MKH is a KLSE-listed Malaysian property developer with Klang Valley focus and a property-investment arm. Comparable to EcoFirst in mid-cap scale, listing status, and dual development/asset ownership profile.

Regional players

• IGB Berhad: IGB is a Malaysian-listed property company with a heavier tilt to investment property and asset management (commercial real estate). Comparable to EcoFirst's property management arm in particular, and useful as a benchmark for recurring-fee-based property revenues.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/ecofirst-consolidated-bhd-ecof-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EcoFirst Consolidated