KUALA LUMPUR: S P Setia Bhd closed the financial year ended Dec 31, 2025 (FY25) with group sales of RM5.11bil, exceeding its full-year target of RM4.8bil.
The sales figure represents a 2% year-on-year increase from RM5.02bil previously, reflecting steady execution across its development portfolio.
The property developer said domestic developments contributed RM3bil, accounting for 59% of total sales, driven mainly by the Southern and Central regions, which recorded RM900mil and RM2bil respectively.
The group’s international projects contributed RM700mil, or 14% of total sales, underscoring its diversified portfolio and steady delivery across key markets.
In the fourth quarter ended Dec 31, 2025, S P Setia’s net profit more than doubled to RM275.1mil, or earnings per share of 5.50 sen, compared with RM103.6mil, or 2.09 sen, a year earlier.
Revenue rose 53.3% to RM1.63bil from RM1.06bil previously.
For the full year, the property developer posted a net profit of RM509.9mil on revenue of RM4.23bil.
The group has continued to reduce its borrowings and improved its current net-gearing ratio to 0.33x, in alignment with its debt reduction strategies.
President and chief executive officer Datuk Zaini Yusoff said the quarter’s performance reflects Setia’s disciplined execution, resilient operating model and continued focus on delivering quality developments.
“While we remain mindful of prevailing market challenges, the group’s fundamentals remain sound. We are cautiously optimistic as we continue to strengthen our footprint across targeted high- growth segments and continue building sustainable long-term value for our stakeholders,” Zaini said.
Looking ahead, S P Setia expects supportive policy measures, including the extension of stamp duty exemptions and enhanced homeownership incentives under Budget 2026 Malaysia Madani to support market demand.
It added that the reduced overnight policy rate is also expected to improve affordability and overall property market sentiment.
On the international front, Setia Edenia in the township of EcoXuan in Ho Chi Minh City, Vietnam, with a GDV of US$81mil (RM381.1mil) remains on track for completion in 2027.
The development is poised to emerge as a key landmark in the northern corridor of Ho Chi Minh City.
“With these fundamentals in place, the group enters FY26 with a targeted sales ambition of RM4.6bil, reflecting continued execution focus and measured growth expectations to deliver sustainable, long-term shareholder value.”
