Sime Darby Property announced better-than-expected quarterly earnings, with net profit up 15% year-on-year, primarily driven by strong sales performance from new residential and industrial projects.
Sime Darby Property, a leading Malaysian property developer, reported a 15% year-on-year increase in net profit to RM125 million for its fourth quarter ended December 31, 2025, surpassing analysts' expectations. The company stated that the earnings growth was primarily driven by strong sales performance from its newly launched residential and industrial projects in Selangor and Johor. Sales increased by 20% year-on-year to RM950 million. Sime Darby Property's share price rose 1.1% on Friday to close at RM0.93. Management expressed cautious optimism for the 2026 market outlook, expecting to continue launching new projects to meet market demand.
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