PETALING JAYA: Sunway Bhd
is cautiously optimistic that it will deliver steady earnings growth in 2026, driven by promising prospects across all its business segments.
For its fourth quarter ended Dec 31, 2025, Sunway’s net profit rose to RM502.35mil from RM334.33mil in the previous corresponding period, driven by stronger operating performance across most business segments with the exception of property investment, trading and manufacturing, and quarry, it said in a Bursa Malaysia filing.
Revenue in the quarter meanwhile slipped to RM2.3bil from RM2.85bil a year earlier, primarily due to lower contributions from the property development and construction segments.
Sunway said its property development segment reported revenue of RM457.2mil and profit before tax of RM253.2mil for the current quarter, compared to revenue of RM809.6mil and profit before tax of RM161.7mil in the corresponding quarter of the previous financial year.
“The higher profit before tax in the current quarter was mainly attributable to
contributions from the newly acquired HLMCL Group and the recognition of negative goodwill of RM55.2mil arising from the acquisition.
“Profit before tax for the current quarter also included net fair value gains of RM9.1mil from asset revaluations, compared to RM23.9mil in the corresponding quarter.”
The construction segment reported revenue of RM737.2mil and profit before tax of RM162.5mil for the current quarter, compared to revenue of RM1bil and profit before tax of RM116.7mil in the corresponding quarter of the previous financial year.
“The lower revenue was mainly due to the data centre projects having reached their peak in the preceding quarters, following early completion and accelerated progress in earlier quarters.
“However, profit before tax improved in the current quarter, upon finalisation of accounts of several projects,” it said.
The healthcare segment reported a share of net profit of RM96.9mil in the current quarter compared to RM67mil in the corresponding quarter of the previous financial year, representing a 44.7% increase.
“The stronger performance was mainly attributable to improved operational performance supported by increased licensed beds and total patient volumes,” said Sunway.
The group declared a second interim dividend of 2.00 sen per ordinary share, bringing the total dividend to 6.00 sen per ordinary share for the financial year ended December 2025.
In conjunction with the proposed listing of Sunway Healthcare Holdings Bhd, the group has proposed a dividend-in-specie distribution to its entitled shareholders, based on one distribution share in Sunway Healthcare for every 10 Sunway shares held as at the entitlement date on March 11, 2026.
For the financial year ended Dec 31, 2025, Sunway’s net profit grew to RM1.3bil from RM1.15bil in the previous corresponding period, while revenue rose to RM9.81bil from RM7.88bil a year earlier.
