Sime Darby Property Bhd. · MYX:SIMEPROP
Sime Darby Property Bhd — Q4 2025 Earnings Presentation
41 slides from Sime Darby Property Bhd's earnings presentation, Feb 27, 2026
Slide 1: Q4 FY2025 Financial Results Analyst Briefing Presentation
Q4 FY2025 FINANCIAL RESULTS ANALYST BRIEFING PRESENTATION 27 February 2026 simedarbyproperty.com
Slide 2: Table of Contents
Table of Contents Page 1. FY2025 Key Highlights 4 2. Key Corporate Developments & Awards 7 3. Financial Performance for Q4 FY2025 & FY2025 11 4. Operational Performance for Q4 FY2025 & FY2025 17 5. Battersea Power Station Updates 24 6. Project Launches & Recurring Income Updates 26 7. Malaysian Econ
Slide 3: Our Purpose, Vision, Mission and Core Values
Our Purpose, Vision, Mission and Core Values Our Purpose To be a Value Multiplier for People, Businesses, Economies & the Planet. Our Vision Our Mission Our Values Advancing real estate as To develop, own and manage T Together we do what’s right a force for collective progress, a thriving asset port
Slide 4: Key Highlights FY2025
Key Highlights FY2025 The Eighth, Elmina Green 4 4
Slide 5: FY2025 Financial Highlights
FY2025 Financial Highlights • Achieved highest PBT of RM803.4m; PATAMI rose to RM517.7m, reflecting steady profitability. • Recorded revenue and operating profit of RM4.2b and RM895.3m respectively. • Maintained a sound financial position with net gearing ratio of 35.9%, providing headroom for growt
Slide 6: FY2025 Operational Highlights
FY2025 Operational Highlights • Achieved record sales performance at RM4.2b, surpassing FY25 sales target by 17%. • Unbilled sales of RM3.9b providing strong earnings and cashflow visibility over the next three years. • Industrial products remained as the top sales contributor accounting for 36%, fo
Slide 7: Key Corporate Developments & Awards
Key Corporate Developments & Awards The West Course, TPC Kuala Lumpur 7
Slide 8: Sukuk Musharakah Programme (RM4.5b) – Rating Maintained
Sukuk Musharakah Programme (RM4.5b) – Rating Maintained Sime Darby Property retained AA+IS Rating on Sukuk Musharakah Programme (RM4.5b) for the 5th consecutive year with stable outlook The Group continues to hold its AA+IS rating with a stable outlook on its RM4.5b Islamic Medium- Term Notes Progra
Slide 9: Putra Brands Awards 2025
Putra Brands Awards 2025 Received the Platinum Award in the ‘Property’ category, marking the Group’s fourth consecutive and fifth overall Platinum Award win Putra Brand Awards 2025 Platinum Award in ‘Property’ Category 99
Slide 10: National Corporate Governance & Sustainability Awards 2025
National Corporate Governance & Sustainability Awards (“NACGSA”) 2025 Awarded the Industry Excellence Award (Property) and ranked in the Top 5 for the Overall Excellence Award among 50 publicly listed companies across all industries, making Sime Darby Property the highest-ranked property developer o
Slide 11: Financial Performance FY2025
Financial Performance FY2025 Jendela Residences, KLGCC Resort 11 11
Slide 12: Profit & Loss Performance
Profit & Loss Performance • Achieved highest PBT of RM803.4m; PATAMI rose to RM517.7m, reflecting steady profitability. • Overall financial performance remained robust, the Group recorded FY25 Revenue and Gross Profit at RM4.2b and RM1.4b, respectively. • GP & PBT margins remained strong at 33.3% an
Slide 13: Revenue & PBT Analysis: Property Development
Revenue & PBT Analysis: Property Development PD’s Revenue & PBT recorded at RM3.9b and RM763.9m respectively, supported by strong sales momentum and continued development across key townships. Property Development QoQ YoY Revenue Revenue 16.7% 2.9% 4,011.6 1,140.8 3,894.8 950.4 RM mil RM mil PBT PBT
Slide 14: Revenue & PBT Analysis: Investment & Asset Management
Revenue & PBT Analysis: Investment & Asset Management Highest revenue & PBT of RM183.9m and RM48.1m, supported by strong retail performance alongside additional contribution from industrial assets & concession arrangement and lower share of losses from JVs. Investment & Asset Management QoQ YoY Reve
Slide 15: Cash and Debt as at 31 December 2025
Cash and Debt as at 31 December 2025 • Cash balance remains strong at RM702.1m, supported by positive net operating cash flow of RM376.5m • Net gearing increased to 35.9% (from 24.3% in Dec 2024), mainly to fund investment capex for DC projects and land acquisition in Melbourne Cash & Cash Equivalen
Slide 16: Property Development Inventories as at 31 December 2025
Property Development Inventories as at 31 December 2025 • Completed inventories reduced by 18.8% to RM109.3m, and remain low at 1.6% of total inventories in carrying value • 65.0% or RM2.4b of total stocks (GDV) comprise of New Launches, indicating a healthy aging trend, providing sales pipeline for
Slide 17: Operational Performance FY2025
Operational Performance FY2025 Urban Park at Elmina Lakeside Mall, City of Elmina 17 17
Slide 18: Sales Achieved by Product Type and Location
Sales Achieved by Product Type and Location • The Group achieved a record full-year sales performance of RM4.2b in FY25. • Industrial products remained the largest sales contributor at 36%, followed by Resi. Landed 26% & Resi. High-rise 24%. • Commercial sales increased to RM537.9m in FY25, contribu
Slide 19: Sales Performance Breakdown (by Product Type & Year)
Sales Performance Breakdown (by Product Type & Year) • Surpassed the RM4.0b sales mark for the second consecutive year, achieving record sales of RM4.2b in FY25. • Diversified product mix with Industrial products as the top sales contributor at 36% in FY25 (vs 30% in FY24). • 32% of sales are from n
Slide 20: Unbilled Sales as at 31 December 2025
Unbilled Sales as at 31 December 2025 • Unbilled sales recorded at RM3.9b, with cover ratio maintained at 1.0x. • Strong earnings and cash flow visibility beyond three years. • Majority of unbilled sales within Greater Klang Valley region • 55% and 45% split between Township & Integrated Development
Slide 21: FY2025 Launches – Residential Landed
FY2025 Launches – Residential Landed • RM237.8m worth of Residential Landed products launched in Q4 FY25 • Total GDV for Residential Landed amounted to RM1,283.5m in FY25 with average take-up rate of 71% Q4 FY2025 Launches FY2025 Review Residential Landed RM1,283.5m Residential Landed GDV launched i
Slide 22: FY2025 Launches – Industrial
FY2025 Launches – Industrial • RM788.6m worth of Industrial products launched in Q4 FY25. • Total GDV for Industrial products amounted to RM1,337.1m in FY25 with average take-up rate of 63%. Q4 FY2025 Launches FY2025 Review i26 Industrial i27 i29 RM1,337.1m Industrial GDV launched in FY25 October 20
Slide 23: FY2025 Launches – Commercial
FY2025 Launches – Commercial • REKA - Elmina Green’s first ever commercial centre (RM88.0m GDV | 49 units) launched in Q4 FY25. • Total GDV launch for commercial products amounted to RM434.0m in FY25. Q4 FY2025 Launches FY2025 Review Commercial RM434.0m Commercial GDV launched in FY25 167 units laun
Slide 24: Battersea Power Station Updates
Battersea Power Station Updates Battersea Power Station 24 24
Slide 25: Battersea Power Station Updates
Battersea Power Station Updates • Take-up rates for Phase 3B (Koa) residential component increased to 86% (+12% vs Q4 2024). • BPS in partnership with Wandsworth Council to build 200 council homes. Key Updates Phase 3C Development • BPS has welcomed over 40 million visitors since its opening in Octo
Slide 26: Project Launches & Recurring Income Updates
Project Launches & Recurring Income Updates City of Elmina, Shah Alam 26
Slide 27: BBR Business Park
BBR Business Park • Sime Darby Property has launched its first Green RE Platinum Rated ESG Focused & Managed Industrial Park in BBR. • Spanning across 988 acres with an estimated GDV of RM7.0b strategically located within the flagship BBR township. ESG Features Map ~RM7.0b 988 acres Product Composit
Slide 28: AURUM – Melbourne (Australia)
AURUM – Melbourne (Australia) Sime Darby Property’s first strategic entry into Melbourne (Australia) with a GDV of ~AUD1b , comprising of mixed-use development (Residential, PBSA, Office and Retail). ✓ Flagship entry into Australia in a mature, resilient global real estate market DEVELOPMENT DETAILS
Slide 29: Industrial Development Fund (IDF-1)
Industrial Development Fund (IDF-1) • Metrohub 1 & 2 at E-Metro Logistics & Industrial Park achieve 100% occupancy, reflecting strong leasing demand and asset quality. • Development of Metrohub 4 progressing as planned with expected completion in Q3 FY26 boosting further recurring income. Metrohub 2
Slide 30: Automated Distribution Centre at EBP
Automated Distribution Centre at EBP Strategic partnership with MYDIN for a Built-to-Suit to lease Automated Distribution Centre at City of Elmina (GDV: RM450m), strengthening Sime Darby Property’s industrial portfolio & recurring income base Sime Darby Property and MYDIN Break Ground on Automated D
Slide 31: Malaysian Economy & Property Sector Outlook
Malaysian Economy & Property Sector Outlook Aerial view of KLGCC Resort 31 31
Slide 32: Macroeconomic & Sector Outlook
Macroeconomic & Sector Outlook Resilient macro fundamentals, supported by steady GDP growth, stable interest rates and strong investment inflows, continue to underpin property demand, with cost pressures and heightened competition remaining the key near-term watchpoint Malaysia Economy 2 Interest ra
Slide 33: Moving Forward: Our Strategy
Moving Forward Our Strategy Aerial view of Bukit Cherakah Forest Reserve 33 33
Slide 34: SHIFT25 Performance Review (2021 – 2025)
SHIFT25 Performance Review (2021 – 2025) Sime Darby Property demonstrated strong execution and delivery in realising its SHIFT25 Pure-Play strategy from financial & operational metrics, translating to TSR of 122% over last 5 years Real Estate Property Company Developer Key Achievements Financial Per
Slide 35: FY2025 Year in Review
FY2025 Year in Review Sime Darby Property in FY25 delivered record financial & operational performance, demonstrating disciplined execution and sustained resilience. FY2025 FY2023Guidance Guidance RM4.0b RM3.6b 20% - 25% ≤ 0.5x ≤ 10% Diversified Launch Sales Target Gross Profit Margin Net D/E Ratio
Slide 36: FY2026 Guidance
FY2026 Guidance Sime Darby Property is poised to sustain its growth momentum in FY26 while maintaining a clear focus on disciplined execution, portfolio diversification and the expansion of recurring income streams FY2026 Guidance RM4.7b RM4.0b ~25% ≤ 0.5x ≤ 10% Diversified Launch Sales Target Gross
Slide 37: FY2026 Launch Pipeline
FY2026 Launch Pipeline Sime Darby Property plans to launch RM4.7b in GDV for FY26 including Australia. RM4.7b FY2026 launch target FY26 Planned Launches GDV % GDV (RM ‘bil) Township Development (TD) 2.6 56% Integrated Development (ID) 1.2 26% International (Australia) 0.9 18% Total 4.7 100% Key High
Slide 38: Investment Proposition
Investment Proposition KLGCC Clubhouse 38 38
Slide 39: Investment Proposition
Investment Proposition Clarity of purpose, strengthened fundamentals and track record for growth Strong Financial Performance Revenue Visibility FY2025 Revenue FY2025 Sales Bookings RM4,184.2 million RM4,197.9 million RM1.7 billion (as at 15 February 2026) FY2025 Profit Before Tax Unbilled Sales RM8
Slide 40: Investment Proposition
Investment Proposition Towards greater income diversification and value multiplication Outlook for FY2026 Income & Product Diversification On track to achieve Sales & GDV Transforming to a Real Estate Company with diversified Launch Targets portfolio & recurring income • GDV Launch – RM4.7 billion •
Slide 41: Thank you | Q&A
Thank you | Q&A Sime Darby Property Berhad 197301002148 (15631-P) No. 2, Jalan PJU1A/7A Ara Damansara 47301, Petaling Jaya Selangor, Malaysia simedarbyproperty.com
Sime Darby Property Berhad — Q4 2025 Earnings Presentation on 6ix