SunCon Declares 29.25 Sen Dividend in 3Q as Net Profit Soars 80% on Data Centre Projects

Sunway Construction Group Bhd (SunCon) has rewarded shareholders with a major dividend payout as its strong momentum in data centre construction continues to boost financial performance.

For the third quarter ended Sept 30, 2025 (3QFY2025), the group declared:

• 23 sen special dividend (its first-ever since listing), payable Jan 8, 2026

• 6.25 sen third interim dividend, payable Dec 23, 2025

This brings total dividends for the quarter to 29.25 sen per share, while its nine-month payout (9MFY2025) has reached a record 41.5 sen per share.

Net Profit Leaps 80% on the Back of Data Centre Jobs

SunCon’s 3QFY2025 performance was driven primarily by its rapidly expanding role in constructing advanced technology facilities, particularly hyperscale data centres.

Key results include:

• Net profit: RM83.78 million (↑ 80.3% YoY)

• Revenue: RM1.45 billion (↑ 67% YoY)

For the nine-month period:

• Net profit: RM243.39 million (↑ 106.7%)

• Revenue: RM4.32 billion (↑ 103.8%)

The group highlighted that it has already delivered over 144MW of data centre capacity and is managing eight ongoing projects for global tech companies.

Group managing director Liew Kok Wing said the results reflect SunCon’s execution strength in the advanced technology facilities segment, positioning the group as a major player in Malaysia’s fast-growing digital infrastructure market.

Healthy Order Book Supports Strong Outlook

SunCon’s outstanding order book currently stands at RM5.442 billion, with RM3.927 billion in new orders secured year-to-date—already covering over 60% of its 2025 order replenishment target of RM4.5–RM6 billion.

The company remains confident of delivering positive earnings for FY2025, supported by:

• A robust pipeline of data centre and tech-facility projects

• Continued focus on large-scale civil engineering and infrastructure works

• Steady contributions from Sunway Group’s in-house developments

Share Performance

Despite strong financial results, SunCon’s share price closed 13 sen lower, at RM5.73, valuing the company at RM7.56 billion. Even so, the counter remains up 24% year-to-date.

Relevance to Greater KL’s Industrial & Commercial Property Markets

SunCon’s dominance in constructing high-spec industrial assets and advanced digital infrastructure ties closely to rising demand across major property corridors in the Klang Valley, including:

• Industrial land in Selangor for hyperscale data centres

• Factory zones in Puchong supporting tech-driven supply chains

• Industrial property in the Subang area, a hub for engineering and M&E firms

• Commercial property in KL benefiting from improved digital ecosystems

• Office space in Bukit Jalil, popular among tech-related occupants and backend ops teams

The accelerated development of data centres across Selangor and Kuala Lumpur continues to fuel both construction activity and demand for complementary real estate assets.