PETALING JAYA: Sunway Bhd
expects the real estate market to maintain a stable growth trajectory, anchored by a resilient domestic economy, an accommodative monetary environment, and the government’s continued focus on structural reforms.
In a filing with Bursa Malaysia, Sunway said key national masterplans and strategic initiatives, particularly the Johor-Singapore Special Economic Zone, augur well as catalysts in driving investment into Malaysia.
It said these would help boost cross-border trade, logistics and industrial activities, thus strengthening Malaysia’s position as an emerging regional hub.
For the third quarter ended Sept 30, 2025 (3Q25), Sunway’s net profit dipped to RM338.14mil from RM376.08mil in the previous corresponding period, mainly due to stronger operating performance across most business segments, except for the property development and healthcare segment.
Revenue in 3Q25 rose to RM2.57bil from RM2.03bil a year earlier.
Revenue increased by 26.4% in the current quarter, mainly driven by higher contributions from most business segments except for the property “development and others segment,” it said.
Sunway said the construction segment was the key driver of the quarter’s financial performance, recording a 92.3% surge in revenue to RM1.2bil and a 73.9% increase in profit before tax (PBT) to RM121.3mil.
“The robust growth stemmed from accelerated progress across multiple data centre projects, underscoring Sunway Construction’s proven execution capabilities in the Advanced Technology Facilities segment.
“To date, Sunway Construction has successfully delivered over 144 megawatts of data centre capacity and is currently managing eight ongoing projects for leading global technology corporations.”
It said the healthcare segment recorded a PBT of RM51.4mil during the quarter, compared to RM63mil in 3Q24.
“The current quarter’s results were impacted by start-up operational losses from the newly commissioned Sunway Medical Centre Damansara and Sunway Medical Centre Ipoh.
“Excluding these two new hospitals, the healthcare segment achieved a PBT of RM75.3mil, representing a 19.4% year-on-year increase.”
Sunway said the property development segment reported a revenue of RM380.9mil and PBT of RM55.1mil during the quarter under review, compared to RM495.7mil in revenue and PBT of RM185.1mil in the same period last year.
“The higher profit in 3Q24 was largely due to a one-off development profit of RM124mil from the completion and delivery of one of the group’s Singapore Executive Condominium development projects.
“Excluding this one-off recognition, the segment’s performance for the quarter remained stable, supported by ongoing property development projects in Malaysia and Singapore, as well as healthy property sales.”
Sunway added that in October 2025, the segment completed the acquisition of MCL Land, further reinforcing the group’s strategic presence and driving business expansion in Singapore and Malaysia.
For the nine month period ended Sept 30, 2025, Sunway’s net profit slipped to RM801.64mil from RM818.78mil in the previous corresponding period, while revenue rose to RM7.49bil from RM5.03bil previously.
Meanwhile, Sunway group president Tan Sri Dr Chew Chee Kin said the group’s expansion of its healthcare business is strategically positioned to meet increasing demand for quality healthcare, driven by the rising incidence of non-communicable diseases and an aging population.
“The additional bed capacity also enhances our capacity to serve medical tourists, as Malaysia continues to strengthen its standing as a preferred medical tourism destination.
“Given the good progress across all the group’s business segments throughout the year, the group remains on track to deliver a strong performance for the year.”
