Sunway Berhad Reports Strong Financial Performance in Q1 2025

Kuala Lumpur, May 22, 2025 — Sunway Berhad (KL:SUNWAY), a leading Malaysian conglomerate, has reported a significant increase in its net profit for the first quarter of 2025. The company’s net profit rose nearly 11% to RM190.6 million, up from RM172.2 million in the same period last year. This growth is attributed to accelerated progress in data centre projects within its construction segment and higher returns from property investments.

Revenue Surge Driven by Construction and Property Investments

Revenue for the quarter jumped 66% to RM2.4 billion, compared to RM1.5 billion in the previous year. The construction segment saw a remarkable 170% increase in profits, reaching RM114.5 million, primarily due to faster progress on data centre projects. This surge underscores Sunway’s strategic focus on expanding its construction capabilities, particularly in the burgeoning data centre market.

Positive Outlook for Property Market

Sunway Berhad remains optimistic about the property market outlook in Malaysia and Singapore. The company highlighted the emergence of Johor as a key hub for industrial and data centre investments, enhancing its strategic importance to Malaysia’s regional economic position. The Johor-Singapore Special Economic Zone is expected to attract more investments, reinforcing Johor’s role as a strategic gateway to Southeast Asia.

Expansion in Healthcare and Property Development

In addition to its construction and property ventures, Sunway Berhad is expanding its healthcare business. The group plans to increase the proportion of foreign patients from approximately 10% to 15% this year, aiming to establish itself as a regional medical tourism hub. The property segment also achieved a record high in sales, reaching RM30 billion in the 2024 fiscal year, with an ambitious target of RM36 billion for 2025.

Co-working Space Initiative

Sunway Property, in collaboration with WORQ, launched a 20,000 sq ft co-working hub at Sunway V2 Tower in Cheras. The new venue, part of the integrated Sunway Velocity TWO development, has already leased over 70% of its space, building on the success of their first joint effort at Sunway Putra.

Sunway Construction Group’s Performance

Sunway Construction Group Bhd (KL:SUNCON), a subsidiary of Sunway Berhad, reported a more than two-fold increase in net profit for the first quarter, driven by strong performance in its construction segment. The group declared a five sen dividend per share, reflecting its robust financial health.

Sustainability and Future Growth

Sunway Berhad continues to prioritize sustainability, implementing green initiatives to reduce its carbon footprint. The company’s diversified operations across property development, construction, and retailing position it well for future growth, supported by strategic investments and a commitment to sustainable practices.

Market Performance

As of May 1, 2025, Sunway Berhad’s close price was RM4.79, with a 52-week high of RM5.1 and a low of RM3.46. The company’s market capitalization stands at RM30,662,800,000, with a price-earnings ratio of 26.56.

Sunway Berhad’s strong financial performance in Q1 2025, coupled with its strategic initiatives and positive market outlook, positions it well for continued growth and success in the coming years.