KUALA LUMPUR: Sunsuria Bhd
’s net profit more than doubled to RM19mil in the third quarter ended June 30, 2026 (3Q26), from RM9.2mil a year earlier, supported by higher contributions from ongoing developments and a one-off gain from an acquisition.
Revenue was largely flat at RM177mil compared with RM178mil in the previous corresponding quarter, while earnings per share rose to 2.12 sen from 1.03 sen.
Sunsuria said pre-tax profit increased 6.5% year-on-year to RM28.6mil from RM26.9mil. The quarter included a one-off gain of RM6.92mil arising from the acquisition of KL City Gateway Sdn Bhd (KLCG).
On a quarter-on-quarter basis, revenue jumped 47% to RM177mil, driven mainly by higher progressive recognition from Bangsar Hill Park Talisa and Sunsuria City The Chapter.
Pre-tax profit more than doubled quarter-on-quarter to RM28.6mil, supported by higher contributions from ongoing developments and the KLCG acquisition gain.
For the nine months ended June 30, Sunsuria’s net profit was broadly flat at RM26.4mil compared with RM26.2mil a year earlier, while revenue fell 10.1% to RM415.6mil from RM462.3mil.
Looking ahead, Sunsuria said it remained focused on strengthening its development pipeline to improve future earnings visibility, supported by the addition of KLCG and the upcoming launch of RIA Sunsuria.
In April, Sunsuria completed the acquisition of an additional 41% stake in KLCG, raising its interest to 61%. KLCG is undertaking a 9.66-acre integrated transit-oriented development in Kuala Lumpur city centre, with an estimated gross development value (GDV) of about RM2.75bil for Phase 1.
“Sunsuria is also set to launch Phase 1 of RIA Sunsuria, the group’s maiden development in Kwasa Damansara.
“With an estimated GDV of RM630mil, the freehold residential development will comprise 494 condominium units and 26 three-storey terraced homes,” it said.
Sunsuria said it remained mindful of external pressures and rising costs but would continue to focus on growing its businesses and building on their respective strengths to drive sustainable growth.
