KUALA LUMPUR: Sime Darby Property Bhd
posted a higher net profit of RM168.23 million for the third quarter ended Sept 30, 2025 (3Q FY2025), compared to RM128.26 million in the same period last year.
Its revenue rose to RM1.21 billion from RM1.09 billion previously.
In a Bursa Malaysia filing today, the property developer said that for the nine-month period (9M FY2025), it recorded a higher net profit of RM430.18 million, compared to RM413.80 million in 9M FY2024.
However, revenue slid to RM3.15 billion, versus RM3.27 billion previously.
"The decrease was primarily attributable to a 5.1 per cent reduction in revenue from the property development segment, while the investment and asset management segment recorded significant growth of 28.4 per cent, and the leisure segment posted an increase of 6.1 per cent," it said.
In a separate statement, Sime Darby Property noted that the group launched projects worth RM2.5 billion in gross development value.
It said residential landed products remained the largest contributor at RM1.0 billion (42 per cent) of total launches, followed by industrial at RM548.4 million (22 per cent), residential high-rise at RM520.6 million (21 per cent), and commercial at RM354.7 million (15 per cent).
"The growing commercial component reflects the increasing maturity of the group’s townships, supported by rising demand for lifestyle and retail spaces that enhance surrounding communities," it said.
On prospects, group managing director and chief executive officer Datuk Seri Azmir Merican said the group remains 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.
"Our strong financial position and strategic direction enable us to deliver sustained value to all stakeholders, while giving us the confidence to execute our long-term strategy.
"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," he added. - Bernama
