Property developer Sunsuria Bhd recorded a significant decline in earnings for the first quarter ended Dec 31, 2025, mainly due to reduced progressive profit recognition from projects that have already reached completion.
According to its latest filing, the group’s net profit fell to RM1.69 million, compared with RM8.87 million in the corresponding quarter a year earlier. Revenue also declined to RM118.04 million, down from RM158.38 million previously.
The company, which has diversified interests spanning property development, construction and education services, attributed the softer performance primarily to timing differences in revenue recognition from completed developments.
Although Sunsuria’s education segment recorded improved revenue driven by higher student enrolment, the division posted a larger loss during the quarter. This was mainly due to increased staffing expenses, including the hiring of expatriate teachers, as well as higher finance costs.
Meanwhile, the group’s newer property investment arm also reported losses, largely arising from operational expenses incurred ahead of the opening of Sunsuria Forum Mall, which began initial operations in December 2025. Pre-opening costs are typically expected for retail and commercial property assets before stabilised rental income is achieved.
On the growth front, Sunsuria confirmed that it has entered into a development rights agreement with Kwasa Development Sdn Bhd, a subsidiary of Kwasa Land, for a residential project with an estimated gross development value (GDV) of RM492 million. The first phase of the project is targeted for launch in the third quarter of 2026.
New residential launches in the Klang Valley often complement demand for surrounding commercial property in KL and Selangor, as population growth drives the need for retail, office and supporting business space.
For investors and occupiers tracking office space in Bukit Jalil, business parks in Subang, or emerging mixed-use hubs across Selangor, the rollout of residential projects frequently acts as a catalyst for broader commercial activity. Likewise, expanding townships can create downstream demand for industrial land in Selangor, particularly from logistics operators, service providers and SMEs seeking proximity to growing consumer bases.
Established industrial corridors such as Puchong and the Subang area continue to attract businesses searching for well-connected premises, including modern factory space in Puchong and upgraded industrial property in the Subang area, supported by Klang Valley’s infrastructure network.
Sunsuria’s shares recently closed at 37.5 sen, giving the company a market capitalisation of approximately RM336 million. While short-term earnings were affected by project timing and operational costs, its upcoming launches and investment assets will be closely watched by property market observers evaluating future growth prospects within the Klang Valley.
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