KUALA LUMPUR: Sime Darby Bhd
said all three of its business divisions registered higher profits in the third quarter of its financial year (3QFY26), while a one-off gain from the disposal of Malaysian Vision Valley (MVV) land saw the group's earnings soar over the period.
In 3QFY26, the group said net profit rose to RM654mil from RM193mil in the year-ago quarter, translating to an earnings per share of 9.6 sen from 2.8 sen previously.
Excluding the one-off disposal gain of RM434mil, the group said core net profit rose 55.6% to RM263mil.
Quarterly revenue dropped to RM15.75bil from RM16.31bil previously.
By division, the group's industrial business delivered a quarterly pre-tax profit of RM245mil, a 10.9% increase from the previous corresponding quarter due to higher equipment and product support margins in its Australia operations.
The motors division recorded a pre-tax profit of RM143mil during the quarter, which was a 25.4% improvement year-on-year, on the bakc of improved electric vehicle sales in Singapore, as well as higher revenue and lower operating expenses in its Hong Kong operations.
Lastly, the UMW division posted a pre-tax profit of RM196mil, marginally higher than in the same quarter in FY25.
It said the automotive business registered a lower profit, but the lubricants business saw improved results, mainly due to inventory adjustments in the previous corresponding period.
Over the nine-month period, Sime Darby's net profit rose to RM1.44bil from RM1.3bil in the year-ago period, while revneue was slightly higher at RM52.76bil from RM52.3bil in the previous comparative period.
"Our results this quarter reflect the continued resilience of our portfolio, even as we navigate a more complex
operating environment. Our core businesses of industrial equipment and automotive have held their ground against ongoing market pressures.
"We remain disciplined in how we manage costs, enabling us to keep the business strong even when conditions are uncertain. Our focus remains consistent — strengthening our core, protecting market share, and ensuring we are well-positioned to drive sustainable long-term growth," said group CEO Datuk Jeffri Salim Davidson in a statement.
