Share
KUALA LUMPUR (Feb 27): Sime Darby Property Bhd (KL:SIMEPROP) closed 2025 with a 3.09% gain in net profit, as the group surpassed the RM4 billion sales mark for the second consecutive year.
Net profit for the year ended Dec 31, 2025 (FY2025) came in at RM517.74 million or 7.61 sen per share, up from RM502.2 million or 7.38 sen per share in the previous year, SimeProp said.
The group, whose notable projects currently are located in Elmina, Subang Jaya and Bukit Raja, booked full-year revenue of RM4.18 billion—17% higher than its initial target of RM3.6 billion—but slightly lower than RM4.25 billion in FY2024.
SimeProp declared a higher dividend of 1.7 sen per share for the fourth quarter, up from 1.5 sen per share a year ago and bringing the full-year payout to 3.2 sen per share, from three sen in FY2024.
"Surpassing the RM4 billion sales mark for the second consecutive year and achieving our highest recorded profit before tax reflects the successful execution of our SHIFT25 strategy," said SimeProp group manging director and CEO Datuk Seri Azmir Merican in a statement, referring to the group's strategy which focuses, among others, on increasing recurring income and entering the data centre business.
The group eyes sales target of RM4 billion this year, backed by planned launches worth RM4.7 billion.
"We are confident that our strategic landbank and robust pipeline of industrial and residential projects will allow us to maintain our leadership position," Azmir said.
In 4QFY2025, SimeProp posted a net profit of RM88.41 million from RM87.56 million a year ago. Revenue climbed 6.22% to RM1.04 billion from RM977.04 million.
In the full year, SimeProp's investment and asset management (IAM) segment delivered revenue of RM183.9 million and pre-tax profit of RM48.1 million.
The performance was driven by retail contributions from KL East Mall, Elmina Lakeside Mall, and KLGCC Mall, alongside additional contributions from the BBR Gateway 1 and 2 industrial assets post-acquisition, the group said.
Full-year launches were valued at RM3.6 billion, led by industrial products (37%), residential landed (36%), residential high-rise (15%), and commercial (12%).
Unbilled sales stood at RM3.9 billion at end-2025, with bookings of RM1.7 billion at mid-February, SimeProp said.
"The group made headway with the RM450 million fully automated distribution centre for Mydin in the City of Elmina, which is scheduled for completion in 2027," it added.
Shares of SimeProp slipped one sen or 0.68% ahead of the announcement, giving the group a market capitalisation of RM10 billion. The stock is up 5.76% this year.
Unlock Malaysia’s shifting industrial map. Track where new housing is emerging as talents converge around I4.0 industrial parks across Peninsular Malaysia. Download the Industrial Special Report now.
