UEM Sunrise posts 151% jump in 1Q net profit on revenue surge, lower costs

• The property developer said ongoing projects including The MINH, Serene Heights, Residensi ZIG, and Residensi AVA in the Central region, along with Senadi Hills, Aspira Hills, and Aspira LakeHomes in the Southern region all recorded steady operational progress.

PETALINGA JAYA (May 23): UEM Sunrise Bhd reported a net profit of RM20.49 million for the quarter ended March 31, 2025 (1QFY25), more than double (150.51%) the RM8.18 million recorded a year ago, driven by higher revenue and lower finance costs.

According to its exchange filing yesterday, revenue surged 85.65% to RM417.63 million from RM224.96 million a year ago.

The property developer said ongoing projects including The MINH, Serene Heights, Residensi ZIG, and Residensi AVA in the Central region, along with Senadi Hills, Aspira Hills, and Aspira LakeHomes in the Southern region all recorded steady operational progress.

Sales momentum remained strong, with RM370.60 million booked during the quarter, up from RM232.60 million a year earlier. The Central region led the way, contributing RM201.20 million (54.3%) from 222 units sold, while the Southern region accounted for RM169.40 million (45.7%) from 260 units, bringing total units sold to 482.

UEM Sunrise also launched its new Gallery in Iskandar Puteri during the quarter, aiming to strengthen its brand presence and showcase its vision for the region. The zone is positioned to attract investments across manufacturing, business services, digital economy, education, healthcare and tourism.

Looking ahead, the group is targeting up to RM1.5 billion in project launches and RM1.05 billion in sales for the year. It is also expanding internationally, with plans to launch a mixed-use residential development in Perth, its first project in Western Australia.

On the industrial development front, UEM Sunrise expects final gazettement under the upcoming Local Plan by early 2026.

“As we navigate the rest of 2025, we will continue to prioritise sustainable growth, strategic partnerships and disciplined capital management. With a solid pipeline, strong brand equity and a clear focus on delivery, we are confident in our ability to unlock more value, strengthen our market presence and build a future-ready UEM Sunrise,” officer-in-charge and chief financial officer Hafizuddin Sulaiman said.

No dividend was declared for the quarter.

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