Sunway City Kuala Lumpur,19 May 2025
Sunway Construction Group Berhad (“Sunway Construction or Group”) is pleased to announce its financial results for the first quarter ended 31 March 2025 (“Q1 FY2025”).
Sunway Construction began FY2025 with a robust performance. The Group’s revenue surged 132% to RM1.4 billion in the current quarter, underpinned by strong performance from the construction segment. Profit before tax (“PBT”) correspondingly soared 172% to RM113.2 million in Q1 FY2025.
The construction segment delivered a remarkable improvement in performance, with revenue rising 152%, from RM543.6 million in Q1 FY2024 to RM1,369.9 million in Q1 FY2025. The division reported a PBT of RM112 million in the current quarter, nearly tripling the profit recorded in the corresponding quarter of the preceding year. The stellar performance was fueled by accelerated progress of several data centre projects during the quarter.
For the quarter under review, the precast segment recorded revenue and PBT of RM30.6 million and RM1.2 million, respectively. In the same quarter of the preceding year, the segment’s revenue and PBT were RM61.2 million and 3.7 million, respectively. The softer performance in the current quarter was mainly due to a timing lag in the ramp-up of deliveries for new projects.
The Group declared a single-tier first interim dividend of 5.00 sen per ordinary share for the financial year ending 31 December 2025.
Sunway Construction Group Managing Director Liew Kok Wing commented, “We are pleased to begin the year by extending the Group’s strong revenue and earnings growth momentum from the final quarter of 2024 into the new financial year. This positive trajectory is expected to continue, supported by accelerated progress on data centre projects, demonstrating our commitment to deliver sustainable total shareholder returns.”
He added, “We continue to see a healthy pipeline of data-centre tenders. Recent indications from the U.S. administration to recalibrate AI chip export restrictions augur well for Malaysia, reinforcing its position as a regional hub for digital infrastructure investment. Sunway Construction has also announced a RM393 million data centre contract today, a positive development signifying that data-centre investment in Malaysia remains intact. As of May 2025, Sunway Construction has secured RM2.2 billion in new orders, achieving 49% of the lower end of its 2025 order book replenishment target of RM4.5 billion to RM6.0 billion.”
He elaborated, “As Malaysia’s leading vertically integrated construction group, we maintain an agile and opportunity-driven strategy. We continue to capitalise on the ongoing digital infrastructure investment upcycle in Malaysia, in particular data centres. Concurrently, we explore opportunities in public infrastructure and Sunway Group’s projects in optimising the composition of our order book.”
He concluded, “The Group is optimistic of registering positive growth in FY2025, supported by its robust existing outstanding order book of RM6.6 billion as of 31 March 2025.”
