Sunsuria ends FY2025 with higher pre-tax profit

KUALA LUMPUR: Sunsuria Bhd announced its financial results for the fourth quarter ended Sept 30 (Q4), recording revenue of RM104.39mil and pre-tax profit (PBT) of RM16.11mil.

In comparison, the group recorded revenue of RM152.11mil and PBT of RM14.74mil in the same quarter last year.

Sunsuria recorded a moderation in revenue for Q4 compared to the same quarter in the preceding year, reflecting the natural project lifecycle following the completion and handover of major developments in the preceding quarter, namely Verdura Bangsar Hill Park (Phase 1) in May 2025 and Sunsuria Forum Corporate Suites in June 2025.

This was partially offset by higher progressive profit recognition from Talisa II Bangsar Hill Park (Phase 2), following its launch in May 2025, as the project began contributing earnings in its early stage of construction.

For the 12-month period ended Sept 30 (12M FY2025), the group recorded revenue of RM566.71mil, compared to RM627.78mil last year.

The performance is consistent with expectations, reflecting the tapering of contributions from projects that have reached completion, including Sunsuria Forum SOHO, Sunsuria Forum Residential Suites, Seni Residences in Sunsuria City, Verdura Bangsar Hill Park and Sunsuria Forum Corporate Suites. This was partially supported by higher revenue recognition from ongoing projects, including Talisa Bangsar Hill Park (Phase 2), The Chapter in Sunsuria City, and Sunsuria Kejora Business Park – Semi D Industrial (Phase 1) in Puncak Alam.

PBT for 12M FY2025 rose 3% YoY to RM80.33mil from RM77.89mil, partially contributed by net fair value gain in investment properties of RM10.79mil.

The group’s education division, Sunsuria Education, recorded higher revenue following the opening of Concord College International School in September 2024, supported by encouraging student enrolment. The segment reported a planned initial deficit, reflecting the expected start-up operating expenses and depreciation associated with its first full year of operations.

Commenting on the results, Sunsuria Group chief executive officer Tan Wee Bee said: “Our performance this quarter reflects the expected transition following the handover of several major developments. “Despite a more challenging operating environment, the group continued to demonstrate disciplined execution and delivered resilient profitability, supported by steady contributions from our active developments and strategic partnerships.”

“Looking ahead, we remain confident in Sunsuria’s long-term growth trajectory. Concord College International School is growing steadily and Icon Sunsuria is expanding its oncology care services in Penang and Kuala Lumpur.

“Together with the progress in our ongoing developments, these efforts position Sunsuria well for sustainable, long-term growth,” added Tan.