Sime Darby Property’s 3Q net profit jumps 31%, nine-month sales hit record RM3.4b

• The industrial segment led contributions with RM1.3 billion or 38% of total sales, followed by residential landed products at RM859.1 million (25%), residential high-rises at RM765.7 million (23%), and commercial units at RM424.8 million (13%).

KUALA LUMPUR (Nov 20): Sime Darby Property Bhd’s (KL:SIMEPROP) net profit for the third quarter ended Sept 30, 2025 (3QFY2025) rose 31.2% year-on-year (y-o-y) to RM168.23 million from RM128.26 million, boosted by stronger sales and cost efficiency in its property development business.

Quarterly revenue grew 11.0% y-o-y to RM1.21 billion, driven by improved billing from industrial and high-rise developments, according to its Bursa Malaysia filing on Thursday.

Earnings per share (EPS) stood at 2.47 sen in 3QFY2025, compared with 1.89 sen in the same quarter last year.

The group did not declare any dividend for the quarter under review, though year-to-date dividends totalled RM102.01 million or 1.5 sen per share, similar to the previous year.

For the nine-month period ended Sept 30, 2025 (9MFY2025), net profit increased 4.0% y-o-y to RM430.18 million from RM413.80 million, despite revenue slipping 3.9% y-o-y to RM3.15 billion.

Sime Darby Property posted a record RM3.4 billion in sales for the period, a 6.7% increase y-o-y, achieving 93% of its RM3.6 billion full-year sales target.

"We are encouraged by our 9MFY2025 results. Achieving our strongest nine-months sales while also improving profitability demonstrates the strength and resilience of our diversified portfolio, with the industrial segment performing particularly well," its managing director and chief executive officer Datuk Seri Azmir Merican (pictured) said in a separate statement.

The industrial segment led contributions with RM1.3 billion or 38% of total sales, followed by residential landed products at RM859.1 million (25%), residential high-rises at RM765.7 million (23%), and commercial units at RM424.8 million (13%).

Total bookings as at Nov 16 stood at RM1.5 billion.

Unbilled sales surpassed the RM4 billion mark for the first time, reaching RM4.1 billion as at Sept 30, while unsold gross development value for completed inventories remained low at RM240.9 million.

On prospects, the group said it is on track to achieve its FY2025 targets, supported by steady demand across key product segments, disciplined cost management and sustained contribution from its industrial and recurring income portfolios. 

It expects to launch more residential, industrial and commercial projects in the final quarter to capture demand across its flagship townships.

"As we embrace our renewed brand identity, we are accelerating our evolution into a real estate company—leveraging our strengths in industrial development, growing our recurring income portfolio, and championing urban biodiversity," Azmir said.

Sime Darby Property shares closed up three sen or 2.31% at RM1.33 on Thursday, giving it a market capitalisation of RM9.05 billion. The stock has fallen more than 18% year to date.

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