Sime Darby’s net profit jumps to RM654mil in Q3

KUALA LUMPUR: Sime Darby Bhd’s net profit more than tripled in the third quarter ended March 31, 2026, boosted by a one-off gain of RM434 million from the disposal of Malaysia Vision Valley (MVV) land.

Net profit rose to RM654 million from RM193 million a year earlier, while revenue edged down 3.44 per cent to RM15.75 billion from RM16.3 billion.

For the nine-month period, the company’s net profit rose 11 per cent to RM1.44 billion from RM1.3 billion, while revenue increased slightly by 0.87 per cent to RM52.8 billion from RM52 billion.

During the quarter, the industrial division posted an improved profit before interest and tax (PBIT) of RM245 million, up 10.9 per cent from a year earlier, supported by stronger equipment and product support margins in its Australian operations.

The motors division recorded a higher pre-tax profit of RM143 million, an increase of 25.4 per cent, driven by stronger electric vehicle sales in Singapore, as well as improved revenue and lower operating costs in Hong Kong.

Meanwhile, the UMW division delivered a PBIT of RM196 million, slightly higher than the corresponding quarter last year.

The automotive segment recorded lower profit, offset by stronger performance in the lubricants business, supported by inventory adjustments in the previous corresponding period.

Sime Darby group chief executive officer Datuk Jeffri Salim Davidson said the group’s results reflect the resilience of its diversified portfolio despite a more challenging operating environment.

“We remain disciplined in managing costs, enabling us to keep the business strong even when conditions are uncertain. Our focus remains on strengthening our core, protecting market share, and positioning the group for sustainable long-term growth.

“Alongside our financial performance, we are mindful of the broader role we play in the economy and our responsibility as a flagbearer for Malaysia in international markets.

“We remain committed to strengthening the ecosystems we operate in, including developing Malaysian talent, supporting local businesses and suppliers, and contributing to the development of globally competitive Malaysian enterprises,” he added.

© New Straits Times Press (M) Bhd

المصدر: New Straits Times