KUALA LUMPUR – S P Setia Berhad (“Setia” or “the Group”) is pleased to announce its financial results for Q3 FY2025, as the Group continues to demonstrate its enduring performance whilst delivering value to its shareholders.
For Q3 FY2025, the Group’s sales rose by 78% at RM1.59 billion compared to RM894 million in Q3 FY2024. During the review period, sales momentum has picked up quarter- on-quarter, boosted by contribution from land transactions. Development sales remained steady quarter-on-quarter as the Group progressively rolled out property launches throughout the year. The Group’s revenue in Q3 FY2024 were higher than Q3 FY2025 by 31% primarily due to the contribution of land transactions.
For the last nine months this year, sales totalled RM3.49 billion for FY2025 compared to RM3.20 billion in the same corresponding period of last year. Domestic projects contributed RM2.91 billion, representing approximately 83% of total sales driven by contributions from Southern and Central Regions amounting to RM1.25 billion and RM1.48 billion respectively. The Group’s international projects contributed RM577 million or 17% of the total sales.
The Group posted revenue of RM2.59 billion and recorded a Profit Before Tax (PBT) of RM498 million, contributed by mostly local developments. The Group has continued to reduce its borrowings, with a current net-gearing ratio of 0.35x, aligning with the Group’s debt reduction strategies.
Setia President & Chief Executive Officer Datuk Zaini Yusoff said, “This quarter’s performance is a testament to our unwavering commitment to delivering quality products and expanding our portfolio. We are mindful of market challenges and remain cautiously optimistic as we explore opportunities to strengthen our footprint across our targeted high- growth segments.”
Bank Negara Malaysia’s cut in the Overnight Policy Rate (OPR) by 25 basis points in July 2025 provides momentum for growth in the property development industry, particularly in the residential segment, by improving buyer affordability, reducing developers’ financing costs, and potentially boosting market sentiment amid heightened, prolonged global uncertainty as well as rising construction costs.
The Group welcomes the government’s move in the recent Budget 2026 Malaysia Madani to, amongst others, extend stamp duty exemptions to 2027, and enhance financial schemes to help first-time homebuyers, all of which is expected to further stimulate the property market.
Setia will continue to accelerate its catalytic township developments, eco-industrial parks, strategic partnerships and capitalising on value creation across its key growth corridors.
In a bid to advance its flagship developments, Setia recently formed a joint-venture with Mitsui Fudosan (Asia) Malaysia Sdn Bhd in October 2025, creating Setia MF EcoHill Sdn Bhd to develop a 113-acre residential project at Setia EcoHill, Semenyih, featuring 683 units of bungalows, semi-detached and cluster homes. With an estimated GDV of RM1.3 billion, the project is set for its maiden launch in 2026, combining both Japanese and Setia’s design expertise in delivering sustainable homes.
On the international front, the Setia Edenia in the township of EcoXuan in Ho Chi Minh City, Vietnam, which has a GDV of US$81 million (RM381.1 million) held its groundbreaking ceremony in July 2025 and is targeted for completion in 2027. The development is poised to emerge as a key landmark in the northern corridor of Ho Chi Minh City.
Setia remains committed to achieving its RM4.8 billion sales target this year.