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- For the last nine months this year, sales totalled RM3.49 billion for FY2025 compared to RM3.20 billion in the corresponding period last year. Domestic projects contributed RM2.91 billion, representing approximately 83% of total sales driven by contributions from Southern and Central Regions amounting to RM1.25 billion and RM1.48 billion, respectively
KUALA LUMPUR (Nov 13): S P Setia Bhd’s sales rose by 78% at RM1.59 billion for 3QFY2025 compared to RM894 million in the same period last year.
According to a media release by S P Setia, during the review period, sales picked up quarter-on-quarter, boosted by contribution from land transactions.
Development sales remained steady quarter-on-quarter as the group rolled out property launches throughout the year. S P Setia’s revenue in 3Q FY2024 were higher than 3Q FY2025 by 31% primarily due to the contribution of land transactions.
For the last nine months this year, sales totalled RM3.49 billion for FY2025 compared to RM3.20 billion in the corresponding period last year. Domestic projects contributed RM2.91 billion, representing approximately 83% of total sales driven by contributions from Southern and Central Regions amounting to RM1.25 billion and RM1.48 billion, respectively.
The group’s international projects contributed RM577 million or 17% of the total sales.
S P Setia posted revenue of RM2.59 billion and recorded a profit before tax (PBT) of RM498 million, contributed by mostly local developments. The group has continued to reduce its borrowings, with a current net-gearing ratio of 0.35x, aligning with its debt reduction strategies.
“This quarter’s performance is a testament to our unwavering commitment to delivering quality products and expanding our portfolio. We are mindful of market challenges and remain cautiously optimistic as we explore opportunities to strengthen our footprint across our targeted high growth segments,” said president & CEO Datuk Zaini Yusoff.
S P Setia stated that it welcomed the government’s move in the recent Budget 2026 Malaysia Madani to, amongst others, extend stamp duty exemptions to 2027, and enhance financial schemes to help first-time homebuyers, all of which is expected to further stimulate the property market.
In a bid to advance its flagship developments, the group recently formed a joint-venture with Mitsui Fudosan (Asia) Malaysia Sdn Bhd in October 2025, creating Setia MF EcoHill Sdn Bhd to develop a 113-acre residential project at Setia EcoHill, Semenyih, featuring 683 units of bungalows, semi-detached and cluster homes. With an estimated GDV of RM1.3 billion, the project is set for its maiden launch in 2026, combining both Japanese and S P Setia’s design expertise in delivering sustainable homes.
On the international front, the Setia Edenia in the township of EcoXuan in Ho Chi Minh City, Vietnam, which has a GDV of US$81 million (RM381.1 million) held its ground breaking ceremony in July 2025 and is targeted for completion in 2027. The development is poised to emerge as a key landmark in the northern corridor of Ho Chi Minh City.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
