Sime Darby Property (SDPROP) announced a 20% year-on-year jump in quarterly net profit, driven by strong new project sales and gains from land disposal activities.
Sime Darby Property Bhd (SDPROP, 5288) announced its quarterly results for the period ended December 31, 2025, revealing a net profit of RM155 million, a 20% increase from RM129 million recorded in the corresponding quarter last year. The growth was primarily attributed to sustained strong demand for its township developments in Selangor and Johor, coupled with one-off gains from land disposal activities. The company reported that its unbilled sales remained high at RM3.5 billion, providing excellent revenue visibility for the next few quarters. Management stated that they expect to continue focusing on industrial and logistics property development in 2026 to achieve higher profit margins, capitalizing on the robust demand for warehousing space in key economic corridors.
Share: