Press Release

Sunway Berhad (“Sunway” or “Group”) today announced its first quarter earnings for the financial year ending 31 December 2025 (“Q1 FY2025”).

Sunway Berhad started the financial year with a robust performance, recording a 66.8% surge in revenue to RM2,367.0 million. Profit before tax (“PBT”) increased 34.2% in the current quarter, from RM226.7 million in Q1 FY2024 to RM304.1 million. The strong performance was supported by higher contributions across most segments.

In the current quarter, the property development segment recorded revenue of RM263.3 million and a PBT of RM33.4 million. This compares to revenue of RM287.7 million and PBT of RM38.8 million in the corresponding quarter last year. The stronger performance in the previous year was largely due to several local and international projects being at more advanced stages of development.

The healthcare segment achieved a PBT1 of RM31.8 million in Q1 FY2025, compared to RM36.8 million in the corresponding quarter of the previous financial year. The lower contribution was attributed to initial start-up losses incurred by Sunway Medical Centre (“SMC”) Damansara and SMC Ipoh, which commenced operations in December 2024 and April 2025, respectively. SMC Sunway City, SMC Velocity and SMC Penang recorded improved performance for the quarter, underpinned by an increase in total licensed beds and patient census. As at May 2025, total licensed beds expanded to 1,647, following the launch of SMC Ipoh and the addition of more licensed beds at SMC Sunway City.

¹ Healthcare’s contribution is based on equity accounting which accounts for the Group’s share of its net profit or loss.

The construction segment posted a threefold increase in revenue to RM1,238.1 million in the current quarter, up from RM372.5 million in the corresponding quarter last year. PBT soared 170.4% to RM114.5 million in Q1 FY2025. The significant increase in the construction segment’s contribution was primarily fueled by the accelerated progress of data centre projects. The segment is confident of achieving its replenishment target of between RM4.5 billion and RM6.0 billion for the year as it has to date secured RM2.2 billion of new orders.

Sunway Group’s President, Tan Sri Dato’ (Dr.) Chew Chee Kin commented, “We are encouraged by the strong start to the year. The Group remains steadfast in executing its growth strategies across all business segments, ensuring its growth momentum throughout the year and into the future.”

He added, “In fortifying Sunway’s growth trajectory, the Group has announced two multi-billion ringgit integrated mixed-use transit-oriented development (“TOD”) projects in Johor and Seremban. The projects are poised to be transformative, reshaping the urban landscape of these cities. Meanwhile, Sunway Healthcare Group (“SHG”) recently inked a partnership with Putrajaya Holdings Sdn. Bhd. to develop a 300-bed multi-specialty tertiary medical centre in Putrajaya. This addition to SHG’s pipeline will further expand its future bed capacity to more than 3,000 beds.”

He concluded, “The Group will cautiously navigate the headwinds surrounding tariffs and policy uncertainties. The Group’s performance for the year is expected to remain strong.”