Sunway (SUNWAY) Q2 2025 earnings summary

Executive summary

• Q2 FY2025 revenue increased 62.1% YoY to RM2,562 million, driven mainly by construction, trading & manufacturing, and quarry, while property development and investment softened.

• Profit before tax rose 16.1% YoY to RM396 million, with PATMI at RM273 million, up 1% YoY.

• Total equity reached RM16.44 billion as of 30 June 2025.

• Sequentially, Q2 revenue and profit before tax increased 8.2% and 30.2% from Q1 2025.

• Interim dividend of 4.00 sen per share declared.

Financial highlights

• Q2 FY2025 revenue: RM2,562 million (Q2 FY2024: RM1,580 million); PBT: RM396 million (Q2 FY2024: RM341 million); PATMI: RM273 million (Q2 FY2024: RM270 million); EPS: 4.07 sen.

• H1 2025 revenue: RM4.93 billion, PBT: RM700.1 million, PATMI: RM463.5 million, EPS: 6.74 sen.

• Operating cash flow for H1 2025 was RM1.07 billion; net cash from financing activities RM782.1 million.

• Total assets as of 30 June 2025: RM34.34 billion; total equity: RM16.44 billion.

• Net gearing ratio improved to 0.39x (31 Dec 2024: 0.41x).

Outlook and guidance

• Performance expected to remain strong, supported by robust order books, new project launches, and healthcare expansion.

• Construction segment’s order book stands at RM6.7 billion, targeting RM4.5–6.0 billion in replenishment for FY2025.

• Healthcare segment expanding licensed bed capacity and expects sustained demand.

• Confident in resilience and execution despite macroeconomic headwinds and fiscal reforms.