Sunway Berhad has posted an impressive start to the financial year 2025, recording a 66.8 percent increase in revenue and a 34.2 percent rise in profit before tax (PBT), signaling the group’s continued resilience and growth momentum across its core business segments.
For the first quarter ended 31 March 2025 (Q1 FY2025), the group reported revenue of RM2.37 billion, up from RM1.42 billion in the same quarter last year.
PBT rose to RM304.1 million, compared to RM226.7 million in Q1 FY2024, reflecting strong operational performance driven primarily by its construction and core healthcare businesses.
The robust results came on the back of enhanced contributions from most divisions, although performance varied across segments due to different stages of development and operational maturity.
The construction division emerged as the standout performer, with revenue tripling to RM1.24 billion from RM372.5 million a year ago. This surge was largely attributed to the accelerated progress of ongoing data centre projects, which have become a key revenue driver for the segment.
Profit before tax for construction soared 170.4 percent to RM114.5 million in Q1 FY2025, underlining the operational leverage and scale the group has achieved in this segment. With RM2.2 billion in new contracts already secured, the division is on track to meet its replenishment target of between RM4.5 billion and RM6.0 billion for the year.
In contrast, the property development segment experienced a modest contraction. Revenue declined to RM263.3 million, compared to RM287.7 million in the corresponding quarter of FY2024, while PBT eased to RM33.4 million from RM38.8 million.
The group attributed the softer performance to the previous year’s higher base, which benefited from several local and overseas projects at more advanced development stages.
Nonetheless, Sunway remains committed to long-term value creation in its property business, supported by the announcement of two major integrated transit-oriented development (TOD) projects in Johor and Seremban. These multi-billion-ringgit projects are expected to reshape the urban landscapes of their respective cities and serve as future growth engines for the group.
The healthcare segment recorded a PBT of RM31.8 million, slightly down from RM36.8 million in Q1 FY2024.
This was primarily due to start-up costs associated with the opening of two new hospitals: Sunway Medical Centre (SMC) Damansara, which commenced operations in December 2024, and SMC Ipoh, which opened in April 2025.
Despite these early losses, the group noted encouraging performance from its existing hospitals, SMC Sunway City, SMC Velocity, and SMC Penang all of which benefited from increased patient volume and additional licensed beds.
In line with its long-term vision to become a leading private healthcare provider in the region, Sunway Healthcare Group recently signed an agreement with Putrajaya Holdings Sdn Bhd to develop a 300-bed multi-specialty tertiary medical centre in Putrajaya. Upon completion of this and other ongoing projects, Sunway’s healthcare network is projected to offer over 3,000 beds in total capacity.
Commenting on the results, Sunway Group President Tan Sri Dato’ (Dr.) Chew Chee Kin expressed satisfaction with the strong start to the year and reaffirmed the group’s strategic focus.
“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 said.
Looking ahead, the group maintains a cautiously optimistic outlook, acknowledging the external challenges posed by global economic headwinds, shifting tariff regimes, and policy uncertainties. Nevertheless, Sunway believes that its proactive investment approach, project pipeline, and emphasis on operational excellence will position it to deliver another year of solid growth.
Sunway Berhad’s performance in Q1 FY2025 underscores its ability to balance expansion with financial discipline, as the group continues to strengthen its foundation across construction, property, and healthcare.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
