UEM Sunrise 2Q net profit edges up 6% on stronger property sales as revenue surges 116%; Eric Chan appointed independent non-executive director

• Eric Chan brings over 25 years of experience in the property development sector. He previously served as a member of the senior management team at Eastern & Oriental Bhd for 15 years, where he played a significant role in positioning the company as a leading lifestyle property developer.

KUALA LUMPUR (Aug 22): UEM Sunrise Bhd reported a 6% year-on-year increase in net profit for the second quarter ended June 30, 2025 (2QFY2025), supported mainly by stronger contributions from its property development segment, which accounted for 75% of total revenue, up from 61% previously.

The growth was driven by revenue recognition from completed projects in the Central Region, namely Residensi AVA at Kiara Bay and KAIA Heights Phase 1 in Seri Kembangan, alongside ongoing progress at The MINH in Mont’Kiara and Residensi Zig at Kiara Bay.

In a bourse filing on Thursday, the property developer said it posted a net profit of RM22.41 million, compared to RM18.84 million a year earlier. No dividend was declared for the quarter.

Quarterly revenue more than doubled to RM442.42 million, representing a 116% increase from RM205.22 million previously. The performance was largely attributed to property development activities, particularly Aspira Hills and Aspira LakeHomes in Iskandar Puteri, which have moved into more advanced stages of construction.

For the first half of the financial year, UEM Sunrise’s net profit rose to RM42.90 million, compared with RM27.02 million in the same period last year. 

Revenue for the six months nearly doubled to RM860.05 million, from RM430.18 million, supported by higher contributions from both property development and land sales.

Projects such as The MINH and Residensi AVA in the Central Region, together with Aspira Hills and Aspira LakeHomes in the Southern Region, were key drivers. Land sales contributed RM214 million, compared with RM63 million in the corresponding period last year, primarily from transactions in Iskandar Puteri and Tapah.

Looking ahead, the group said it will continue to tailor its launch cadence, refine pricing strategies and maintain cost discipline to navigate sector-specific challenges. It added that the company remains focused on affordability, sustainability and seamless mobility to drive growth through 2025 and beyond.

UEM Sunrise’s officer-in-charge and chief financial officer, Hafizuddin Sulaiman, said:

“This is a strong first-half showing for UEM Sunrise with revenue doubling and our sales pipeline continuing to perform. Anchored on our U2030 transformation strategy, property development is now contributing meaningfully to earnings, reinforcing our confidence in our way forward. 

We are encouraged by the robust take-up of our recent launches, and will continue to capitalise on opportunities in both Central and Southern markets to sustain growth.” 

Appointment of Eric Chan as independent non-executive director

The group announced the appointment of Eric Chan as an independent non-executive director to its Board of Directors, effective immediately on Thursday.

In a statement, Chan brings over 25 years of experience in the property development sector. He previously served as a member of the senior management team at Eastern & Oriental Bhd (E&O) for 15 years, where he played a significant role in positioning the company as a leading lifestyle property developer.

Prior to his career in real estate, Chan gained experience in corporate finance and investment banking with BNP Paribas and RHB Sakura, as well as with Danaharta, where he contributed to the restructuring of distressed assets during the Asian financial crisis.

He is a Chartered Accountant and holds an MBA in International Business from ISG, France, where he graduated as Valedictorian. Chan continues to pursue lifelong learning, including recent studies in blockchain applications at Oxford University and mentoring in AI-driven property valuation.

Most recently, in June 2025, he was appointed to the Board Development Committee of PNB Merdeka Ventures Sdn Bhd.

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