Sunway posts 26% revenue growth to RM2.6 billion on stronger construction and steady property development performance

Sunway Bhd reported a robust set of results for the third quarter of FY2025, with revenue rising 26.4% year-on-year to RM2.6 billion, compared with RM2.0 billion recorded a year earlier. Profit before tax (PBT) also inched higher to RM476.4 million from RM462.7 million in 3QFY2024, supported by improved operating contributions across most business segments.

The construction division remained the standout performer for the quarter. Revenue nearly doubled to RM1.2 billion—up 92.3%—while PBT surged 73.9% to RM121.3 million. The strong momentum was primarily driven by accelerated progress across multiple data centre developments, a sector that continues to attract significant investment and demand. Sunway Construction has already delivered more than 144MW of data centre capacity and is currently overseeing eight ongoing projects for major global technology clients.

Meanwhile, the property development segment recorded RM380.9 million in revenue and RM55.1 million in PBT. This compared to RM495.7 million in revenue and RM185.1 million in PBT during the same period last year. The higher profit in 3QFY2024 was due to a one-off development gain of RM124 million from the completion of a Singapore executive condominium project. Excluding this one-off impact, the segment’s performance remained steady, supported by ongoing launches and healthy sales across Malaysia and Singapore—particularly in growth corridors surrounding commercial property in KL and established industrial hubs such as Subang and Puchong.

Sunway also completed its acquisition of MCL Land in October 2025, strengthening its footprint in the Malaysia–Singapore property market and supporting the group’s long-term expansion strategy. The broader property ecosystem—including office space in Bukit Jalil and demand for industrial land in Selangor—continues to benefit from infrastructure upgrades and sustained private-sector investment.

The healthcare division posted PBT of RM51.4 million, compared with RM63 million in the previous year’s corresponding quarter. Sunway attributed this to expansion and capacity-building across its hospital network, which is strategically positioned to meet rising demand for quality healthcare and Malaysia’s strengthening position as a medical tourism destination.

Sunway Group president Tan Sri Dr Chew Chee Kin said the group remains optimistic, supported by Malaysia’s resilient economic outlook, the rollout of national masterplans, and the creation of new special economic zones. He noted that sustained investment activity—both public and private—continues to provide a favourable landscape for Sunway’s diversified operations.

He added that the group’s ongoing healthcare expansion, particularly increased bed capacity, places Sunway in a strong position to serve both local patients and the growing pool of international medical travellers.