Sunsuria delivers resilient Q3

SUNSURIA BHD announced today its  financial results for the third quarter ended June 30, 2025 (Q3), with pre-tax profit rising 90% to RM26.76mil n quarter-on-quarter (QoQ) on the back of increased revenue from Sunsuria’s property  development division.  

Revenue for Q3 grew 41% QoQ to RM178.01mil from RM125.93mil recorded in the second  quarter ended March 31, 2025, driven by higher progressive profit recognition following the completion  and handover of Verdura, Phase 1 of Bangsar Hill Park in May 2025 and Sunsuria Forum Corporate Suites  in June 2025. 

Additionally, the recent launch of Talisa Tower B at Bangsar Hill Park contributed marginally  to the quarter’s revenue, further reinforcing the group’s strategic focus on premium residential  developments in key urban locations. 

Sunsuria’s revenue grew 4% year-on-year (YoY) to RM178.01mil in Q3 from RM170.56mil  recorded in the third quarter ended June 30 2024 (Q3 FY2024), primarily driven by the completion of Verdura at Bangsar Hill Park and Sunsuria Forum Corporate Suites. 

In addition, higher progressive profit recognition from ongoing development projects, such as The Chapter in Sunsuria City and Sunsuria Kejora  Business Park’s Semi D Industrial (Phase 1) in Puncak Alam—also contributed to the YoY rise in Q3 revenue. 

Pre-tax profit for Q3 stood at RM26.76mil compared to RM26.85mil in Q3 FY2024. 

Year-to-date (YTD) revenue stood at RM462.32mil, reflecting a softer revenue performance due to  the natural project lifecycle of completed developments, including the completion of Sunsuria Forum  SOHO and Sunsuria Forum Residential Suites throughout FY2024. 

This was positively offset by Sunsuria  Education—the group’s education segment—with the opening of Concord College International School in September 2024 contributing to revenue growth, as well as continuous contributions from ongoing  development projects such as The Chapter, Sunsuria Kejora Business Park, and Bangsar Hill Park.  

The Group’s YTD pre-tax profit rose YoY to RM63.90mil from RM62.84mil in the same period last  year, which was consistent with the higher gross profit margin from the enhanced project mix and higher  other income, as well as lower finance cost during the current reporting period. 

Reflecting on the results, Sunsuria Group chief executive officer, Tan Wee Bee said: “Our strategy of  diversification and sustainability allows us to create long-term value across property, education, and  healthcare. 

“Bank Negara Malaysia’s reduction of the OPR to 2.75% is expected to support housing demand,  while the expanded scope of the SST may add near-term cost pressures. 

“We are proactively reviewing cost  efficiency and pricing measures to effectively navigate these challenges.” 

“Looking ahead, the launch of our second cancer centre in Kuala Lumpur by Icon Sunsuria, together with new partnerships and opportunities, reflects our commitment to improving lives and driving a sustainable,  future-ready Group for our communities and stakeholders,”said Tan.