12/03/2026

PROPERTY THURSDAY | MAR 12, 2026

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Sunway posts record FY25 revenue, profit before tax

PETALING JAYA: Sunway Bhd in announcing its fourth quarter financial results for the financial year ended Dec 31, 2025 (Q4’25), marked a significant milestone in FY25, delivering both record revenue and profit before tax (PBT). The group registered revenue of RM9.8 billion, representing a 24.5% jump from the revenue of RM7.9 billion for the financial year ended Dec 31, 2024 (FY24). PBT similarly expanded by 23% to RM1.9 billion in FY25 from RM1.5 billion in FY24. The robust financial performance was bolstered by stronger operating performance across most of its business segments. The group reported revenue of RM2.3 billion in Q4’25, compared to RM2.9 billion in the corresponding quarter of the preceding year. Revenue contributions increased across all segments, except for the property development and construction segments. Notwithstanding the lower revenue for the quarter, PBT recorded a significant improvement of 41.5% to RM698 million in the current quarter – driven by stronger operating performance across most business segments, except for property investment, trading and manufacturing, and quarry segments. The property development segment posted revenue of RM457.2 million in Q4’25, compared to RM809.6 million in the same quarter last year. Revenue in the previous year was higher, driven by the completion and handover of several development projects in Malaysia. Despite the lower turnover in the current quarter, PBT surged 56.6% to RM253.2 million, supported by contributions from Sunway MCL and the recognition of negative goodwill following the completion of its acquisition in October 2025. In addition, development profits from two ongoing executive condominium projects in Singapore, amounting to accumulated progressive profits of RM92.6 million up to the current quarter, will only be recognised upon their completion and handover. The group’s property development segment achieved property sales of RM3.8 billion in 2025, surpassing its target of RM3.6 billion. For 2026, the segment has raised its property sales target to RM4.2 billion, supported by a strong property launch pipeline of RM4.8 billion across Malaysia, Singapore and China. The construction segment registered revenue of RM737.2 million for the current quarter, compared to RM1.1 billion in Q4’24. Higher revenue in the same period last year was due to the construction progress for several data

centre projects, which were at their peak. Notwithstanding the lower topline, PBT rose 39.2% to RM162.5 million, upon finalisation of accounts for several projects. The construction segment achieved an all-time high order book replenishment of RM5.2 billion in FY25. To ensure earnings sustainability and maintain a healthy pipeline, the segment has set an order book replenishment target of RM6 billion for 2026. The healthcare segment performed well in the current quarter, underpinned by higher licensed beds and patient volume. The segment’s PBT1 increased 44.7% to RM96.9 million, from RM67 million in the corresponding quarter in the previous year. Sunway Medical Centre Ipoh, which began operations in April 2025, achieved its maiden month of positive EBITDA in January 2026. At the EGM convened on Feb 9, Sunway’s shareholders have approved the proposed listing of Sunway Healthcare Holdings Bhd on the Main Market of Bursa Malaysia Securities Bhd, with the target listing in March 2026. The group declared a second interim dividend of 2 sen per ordinary share, bringing the total dividend to 6 sen per ordinary share for the financial year ended December 2025. In conjunction with the proposed listing of Sunway Healthcare Holdings Bhd, the group has proposed a dividend-in-specie distribution to its entitled shareholders, based on one distribution share in Sunway Healthcare Holdings Bhd for every 10 Sunway shares held as at the entitlement date on March 11. Sunway Group president Datuk Anuar Taib o Sales beat target, stronger operating performance across most business segments

Robust property sales and a strong regional launch pipeline across Malaysia, Singapore and China underpin future expansion plans. – SUNWAY BHD WEBSITE

Visit Malaysia Year 2026. In addition, major infrastructure network enhancements are set to improve connectivity and accelerate urbanisation in the key economic corridors. Against this backdrop, the group’s diverse businesses are well-positioned to capitalise on both structural and cyclical growth opportunities in the country.” He concluded, “The group is cautiously optimistic of delivering steady earnings growth in FY26, driven by promising prospects across all business segments.”

commented, “The group navigated the challenges surrounding trade tariffs, anchored by the group’s sustainable and multi dimensional growth drivers. Sunway’s record performance underscores our operational excellence and reinforces our role as a trusted nation-building partner.” Commenting on the prospect, he said, “Looking ahead, economic growth is expected to remain resilient in 2026, supported by stable domestic demand, robust investment activity and higher tourist spending in conjunction with

Year of new highs, milestones for Sunway Construction PETALING JAYA: Sunway

SP Setia partners RHB to ensure smooth, easy path to homeownership SHAH ALAM: SP Setia Bhd celebrated the Year of the Horse by partnering with RHB Bank Bhd to provide Setia purchasers with a smooth and speedy transition into their new homes. In a campaign that runs until March 15, Setia’s Sign & Prosper rewards new purchases with a RM3,888 rebate, while current Setia homeowners could land themselves RM2,888 for referring a new buyer through ‘Refer & Reward. Meanwhile, with RHB Bank’s Home & Renovation Loan, eligible purchasers benefit from financing of up to 120% loan for properties valued at RM500,000 and above. It is applicable to both first and second mortgages. COO Datuk Yuslina Mohd Yunus said, “The ‘Sign & Prosper’ campaign celebrates new beginnings in the Year of the Horse, as we mobilise sales with both existing and new Setia home owners.”

strong tender pipeline and ongoing client engagements.” Commenting on the prospect, he said, “The accelerating global adoption of artificial intelligence (AI) is fuelling a new wave of data centre investments across Asia, with major hyperscale technology companies announcing substantial cloud and data centre expansions in Malaysia. Against this backdrop, the group is strengthening its position in this high-growth segment, backed by its solid track record of delivering over 156MW of data centre capacity and currently managing nine ongoing projects for global technology clients.” Looking ahead to 2026, he added, the group is cautiously optimistic about its performance, reinforced by a well-diversified order book spanning ATFs portfolio, Sunway Group developments and public infrastructure projects. Its strong financial position and proven execution capabilities are expected to support a sustainable growth trajectory.

ended Dec 31, 2025, raising the total dividend for FY25 to a record-high of 50.5 sen. Sunway Construction Group managing director Liew Kok Wing commented, “Sunway Construction delivered a landmark year of new records and milestones, marking its fourth consecutive year of record profits. This track record underscores the group’s strategic foresight and its early positioning to capitalise on the ATF investment cycle in Malaysia, which has powered its growth trajectory over the past few years.” He added, “The group achieved an all-time high order book replenishment of RM5.2 billion in 2025. During the year, the group further reinforced its capabilities in the ATF segment by securing new data centre projects from leading multinational corporation clients, while maintaining a well-diversified order book that includes large-scale transit-oriented developments. For the year ahead, the group has raised the order book replenishment target to RM6 billion, supported by a

Banking & Finance The group declared a single-tier fourth interim dividend of 9 sen per ordinary share for the financial year million in the current quarter, compared to RM1.35 billion in Q4’24. Revenue in the same period last year was driven by the accelerated progress in RTS Link project and several data centre projects, with one of its major data centre projects completed ahead of schedule by 6 months. Notwithstanding the lower topline, PBT rose 45% to RM155.3 million, as disciplined project execution contributed to cost savings and PBT margin expansion to more than double at 16.5%. The precast segment posted a significant improvement in Q4’25, with revenue rising 62% to RM75.3 million and PBT more than doubling to RM7.3 million. The improved performance was driven by the ramp-up of activities at its ICPH facilities, along with contributions from newly secured projects, which in turn contributed to improved PBT margin.

Construction Group Bhd, in reporting its financial results for the fourth quarter ended Dec 31, 2025 (Q4’25), has set new records for its financial and business performance in FY25. The group’s revenue surpassed the RM5 billion mark, reaching RM5.3 billion in the current financial year. Profit before tax (PBT) and profit after tax (PAT) surged by 93% and 94% to RM525.5 million and RM361.8 million, respectively. The stellar performance was underpinned by strong performance across all segments, led by the accelerated progress of Advanced Technology Facilities (ATF)-related projects during most of the year. For the quarter ended Dec 31, 2025, Sunway Construction recorded revenue of RM1 billion and PBT of RM162.6 million. PBT climbed by 47% driven by higher contributions from all segments, with PBT margin doubling to 16%. The construction segment registered revenue of RM940.8

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