UEM Sunrise 2Q revenue doubles to RM442mil

PETALING JAYA: UEM Sunrise Bhd is confident of meeting its full-year sales target of RM1.05bil, having achieved 62% in the first half of 2025 (1H25) on steady demand across central and southern markets.

Sales in 1H25 rose 29% year-on-year to RM649.3mil, with second-quarter launches contributing RM413mil in gross development value (GDV).

In a statement, the developer said it expects the positive momentum to continue into 2H25, supported by Bank Negara Malaysia’s overnight policy rate cut to 2.75%, which “is expected to boost homebuyer affordability, particularly for the mid-market and family segments – a key focus for UEM Sunrise in both central and southern regions”.

“With improving buyer sentiment, a stronger earnings base and clear execution across our development and land strategies, we are well-positioned to build on this momentum and deliver on our commitments for the year,” said officer-in-charge and chief financial officer Hafizuddin Sulaiman.

He added the group is “encouraged by the robust take-up of recent launches” and will continue to capitalise on opportunities in its core markets to sustain growth.

For the second quarter ended June 30, 2025 (2Q25), UEM Sunrise’s top line more than doubled to RM442.42mil compared to RM205.22mil in the previous corresponding quarter.

Net profit for the quarter rose 18.9% to RM22.41mil from RM18.84mil in 2Q24.

For 1H25, UEM Sunrise’s revenue nearly doubled to RM869.05mil compared to RM430.18mil in 1H24, while net profit rose 58.8% to RM42.9mil from RM27.02mil.

The stronger performance was led by property development, which contributed 68% of total revenue, alongside a RM214mil gain from land monetisation in Iskandar Puteri and Tapah.

As at end-June, UEM Sunrise said unbilled sales stood at RM3bil, providing earnings visibility over the next 48 months.

Net gearing improved to 0.41 times from 0.43 times a year earlier, while cash and bank balances, including short-term investments, rose 11% year-on-year to RM1.4bil.

Its shares closed flat at 76 sen yesterday.