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- Sime Darby Property said its property development segment continued to be the main revenue contributor, accounting for 93.3% of total revenue.
KUALA LUMPUR (Aug 21): Sime Darby Property Bhd reported a net profit of RM143.5 million for the second quarter ended June 30, 2025 (2QFY2025), supported by steady sales momentum and progress in ongoing projects.
In a bourse filing on Thursday, the group’s quarterly revenue came in at RM1.06 billion.
For the first half of the financial year, the group posted a net profit of RM261.9 million on revenue of RM1.93 billion.
A first interim single-tier dividend of 1.5 sen per share was declared, payable on Oct 16.
In a filing to Bursa Malaysia, Sime Darby Property said its property development segment continued to be the main revenue contributor, accounting for 93.3% of total revenue.
The division delivered RM1.8 billion in revenue and RM368.7 million in profit before tax, underpinned by strong sales activity and construction progress across key townships including City of Elmina, Bandar Bukit Raja, Serenia City, and Nilai Impian.
During the quarter, the group launched projects with a combined gross development value (GDV) of RM2.2 billion, achieving 55% of its full-year target of RM4 billion.
Residential landed products made up the largest portion of launches at 39%, followed by residential high-rise (25%), industrial (20%), and commercial developments (16%).
Among the key launches were Elmina Ridge 2, a premium landed project featuring superlink, cluster, and semi-detached homes with a GDV of RM272 million; SJCC East One, a transit-oriented high-rise residential development in Subang Jaya with a GDV of RM533 million; and Karya, a 90-unit, two-storey shophouse project in Bandar Bukit Raja 2 with a GDV of RM151 million.
Looking ahead, the group’s managing director and chief executive officer, Datuk Seri Azmir Merican, said the company is well-positioned to navigate market uncertainties and sustain growth through its diversified portfolio and disciplined project execution.
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