PETALING JAYA: Sunsuria Bhd
is remaining cautiously optimistic of its prospects this year, as it believes its diversified portfolio, disciplined capital approach and long-term strategic orientation will provide a sound foundation to navigate uncertainty.
Founder and executive chairman Tan Sri Ter Leong Yap said Sunsuria will remain focused on guiding the group through measured growth, maintaining discipline in execution, while continuing to strengthen portfolio quality and resilience.
“Our objective remains to deliver sustainable value to shareholders while making a positive contribution to the communities in which we operate,” he said in the company’s annual report.
Sunsuria’s net profit for its first quarter ended Dec 31, 2025 (1Q25) dropped to RM1.69mil from RM8.87mil in the previous corresponding period, while revenue slipped to RM118.04mil from RM158.38mil previously.
In a statement, the company said the year-on-year difference was mainly attributable to the timing of progressive profit recognition following the completion of major development projects in the previous financial year.
“The group’s 1Q25 performance reflected a more measured pace of progressive profit recognition following the completion of Bangsar Hill Park Verdura (Phase 1) and Sunsuria City Seni Residences in the previous financial year.
“This was partly offset by continued progress from ongoing development projects, namely Bangsar Hill Park Talisa (Phase 2) and Sunsuria Kejora Business Park – Semi-D Industrial (Phase 1) in Puncak Alam,” the company said in a statement.
Its education division, meanwhile, achieved higher revenue in 1Q25, driven by increased student enrolments.
“The division’s results were offset by increased investment in academic staffing, with higher personnel costs arising from the recruitment of teachers to support the increase in number of students, and higher finance costs for the quarter.”
Sunsuria noted that the quarter also marked the group’s initial reporting of its new property investment division, following the commencement of operations at Sunsuria Forum Mall in December 2025.
“The division incurred start-up operating expenses during the initial ramp-up phase ahead of full operations.”
During 1Q25, the group said it completed a Development Rights Agreement (DRA) with Kwasa Development (13) Sdn Bhd, a subsidiary of Kwasa Land Sdn Bhd, for a new residential development on approximately 9.46 acres of freehold land in Mukim Sungai Buloh, Selangor, with an estimated gross development value of RM492mil.
“Phase 1 of the project is targeted for launch in 3Q26, with the DRA supporting the group’s future earnings visibility amid prevailing market conditions.
“While the current quarter reflects the natural timing of profit recognition following the completion of major projects, the group’s underlying fundamentals remain intact.”
