Sime Darby Property announced better-than-expected quarterly earnings, with a 15% increase in net profit, primarily driven by a robust recovery in residential property sales and efficient cost management. The company expressed optimism about its future prospects, citing strong demand for its affordable and premium housing projects. This positive performance underscores the resilience of the Malaysian property market and the effectiveness of the company's strategic initiatives in a competitive landscape.
Sime Darby Property Bhd today announced its financial results for the fourth quarter ended December 31, 2025, with net profit increasing by 15% year-on-year to RM125 million, exceeding market expectations. Revenue also grew by 10% to RM780 million. The company stated that the strong performance was primarily driven by the recovery in sales of its residential property projects, particularly those in Greater Kuala Lumpur and Johor. Additionally, effective cost control and project execution efficiency contributed to the profit growth. The CEO stated that the company will continue to focus on launching products that meet market demand and expects sustained growth in the financial year 2026. This positive earnings report boosted investor confidence, with Sime Darby Property's share price rising 1.0% to RM0.755 today.
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