KUALA LUMPUR, 21 August 2025 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) posted strong first half for the financial year ended 30 June 2025 (“1H 2025”), with revenue doubling to RM860.1 million from RM430.2 million in the same period last year. Profit After Tax and Non-Controlling Interests (“PATANCI”) climbed 59% year-on-year (“YoY”) to RM42.9 million compared to RM27.0 million in 1H 2024.
The improved performance was led by property development, which contributed 68% of total revenue, alongside RM214.0 million in strategic land monetisation in Iskandar Puteri and Tapah. Key developments included The MINH and Residensi AVA in the Central region, as well as Aspira Hills and Aspira LakeHomes in the Southern region.
Sales momentum remained steady, rising 29% to RM649.3 million from RM502.4 million YoY. This represents 62% of the Company’s full-year sales target of RM1.05 billion, reflecting healthy demand and conversion across both regions. New launches during the second quarter amounted to RM413.0 million in Gross Development Value (“GDV”), led by Allegro at Symphony Hills, Cyberjaya and two phases of Aspira Hills (2A and 3A) in Gerbang Nusajaya, Johor. Aspira Hills launches achieved 100% take-up of available units within two days, underscoring strong demand for landed homes.
As at end June, the Company completed and delivered 1,836 units in 1H 2025, including 592 units Senadi Hills 2A and KAIA Heights (Blocks A and B). Unbilled sales stood at RM3.0 billion, offering earnings visibility over the next 48 months. At the same time, it maintained financial discipline by strengthening its balance sheet, with net gearing improved to 0.41 times from 0.43 times in the same period last year. Cash and bank balances, including short-term investments improved 11% YoY to RM1.4 billion.
Hafizuddin Sulaiman, Officer-in-Charge and Chief Financial Officer of UEM Sunrise said, “This is a strong first-half showing for UEM Sunrise with revenue doubling and our sales pipeline continuing to perform. Anchored on our U2030 transformation strategy, property development is now contributing meaningfully to earnings, reinforcing our confidence in our way forward. We are encouraged by the robust take-up of our recent launches, and will continue to capitalise on opportunities in both Central and Southern markets to sustain growth.”
For the second quarter (“2Q 2025”), revenue rose 6% quarter-on-quarter (“QoQ”) to RM442.4 million with property development accounting for 75% of revenue, up from 61% in 1Q 2025. PATANCI improved to RM22.4 million from RM20.5 million in the previous quarter, supported by solid performance from joint ventures and associates, as well as lower financing costs.
In July, the Company completed a RM500.0 million sukuk issuance through strategic debt optimisation effort, priced competitively with a narrower spread than higher-rated peers. The issuance reflects long-term investor confidence in the Company’s fundamentals and supports refinancing of earlier sukuk tranches at lower cost.
During the quarter, UEM Sunrise also strengthened its asset activation and ESG agenda. A 43,000 square-foot of standalone retail space at The Beat 2.0, Kiara Bay was handed over to Harvey Norman Malaysia and is slated to open in October 2025. The Company also signed a Memorandum of Understanding (“MoU”) with BM Green Energy to install rooftop and integrated solar panels, reinforcing Kiara Bay’s credentials as a sustainable, integrated township.
The outlook for the second half remains positive, supported by Malaysia’s GDP growth projection of between 4.0% and 4.8% underpinned by resilient consumption and investments under the 13th Malaysia Plan. Bank Negara Malaysia’s recent cut in the Overnight Policy Rate to 2.75% 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.
In Johor, the Johor-Singapore Special Economic Zone (“JS-SEZ”) and the State’s proposal for a second Rapid Transit System (“RTS”) link between Tuas and Iskandar Puteri will further reinforce the long-term appeal of the Company’s Southern corridor assets.
UEM Sunrise is on track to meet its 2025 target of up to RM2.0 billion in GDV launches, with key contributions including One Oval in Subiaco East, Perth, the Company’s maiden Western Australia project and features 342 apartments and townhouses.
“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 Hafizuddin.