Sime Darby Property’s 3Q Net Profit Jumps 31% as Industrial Segment Drives Record RM3.4 Billion Sales

Sime Darby Property Bhd posted a strong financial performance for the third quarter ended Sept 30, 2025 (3QFY2025), delivering a 31.2% year-on-year increase in net profit to RM168.23 million, supported by higher sales and improved cost efficiency across its development operations.

Revenue rose 11% y-o-y to RM1.21 billion, buoyed by stronger billings from its industrial developments and high-rise residential projects, according to the group’s filing on Thursday. Earnings per share improved to 2.47 sen, compared with 1.89 sen a year earlier.

While no dividend was declared for the quarter, Sime Darby Property’s year-to-date payout stands at RM102.01 million, maintaining its 1.5 sen per-share distribution from last year.

Nine-Month Sales Hit Record RM3.4 Billion

For the nine-month period (9MFY2025), the group recorded a net profit of RM430.18 million, 4% higher year-on-year, despite a slight dip in revenue to RM3.15 billion. Crucially, Sime Darby Property achieved record sales of RM3.4 billion, representing 93% of its full-year target of RM3.6 billion.

Managing director and group CEO Datuk Seri Azmir Merican said the results underscore the strength of the company’s diversified portfolio.

“Registering our highest nine-month sales while maintaining profitability reflects the resilience of our product mix, especially as the industrial segment continues to outperform,” he said.

Industrial Segment Leads With RM1.3 Billion in Sales

The group’s industrial division remained its strongest driver of demand, contributing:

• RM1.3 billion (38%) – Industrial products

• RM859.1 million (25%) – Residential landed homes

• RM765.7 million (23%) – High-rise units

• RM424.8 million (13%) – Commercial properties

Total bookings as at Nov 16 amounted to RM1.5 billion, while unbilled sales reached RM4.1 billion, marking the first time the group surpassed the RM4 billion threshold. Completed unsold inventory also remained low at RM240.9 million in GDV.

Outlook: More Launches Ahead in 4Q

Sime Darby Property said it remains on track to meet its FY2025 performance targets, supported by:

• Steady demand across industrial, landed and high-rise segments

• Disciplined cost management

• Growing recurring income from leasing and investment properties

The group plans to roll out more residential, commercial and industrial launches in the last quarter, especially within its flagship townships.

Azmir added that the developer is pushing ahead with its transformation into a fully integrated real estate company, capitalising on its strengths in industrial development while championing urban biodiversity and sustainable placemaking.

Sime Darby Property’s shares closed three sen higher at RM1.33, giving the group a market capitalisation of RM9.05 billion. Despite the improved quarterly performance, the stock remains down more than 18% year-to-date.

Relevance to KL–Selangor Industrial & Commercial Markets

The group’s strong industrial sales—from logistics hubs to high-spec manufacturing assets—mirror the rising demand for:

• Industrial land in Selangor

• Industrial property in the Subang area

• Factory facilities in Puchong and nearby corridors

• Commercial property in KL, especially transit-linked precincts

• Office space in Bukit Jalil within growing urban centres

Sime Darby Property’s performance highlights continued investor and occupier confidence in Greater Kuala Lumpur’s industrial and commercial real estate ecosystem.