Sime Darby Bhd reported a net profit of RM654 million for the quarter ended March 31, 2026, more than triple the RM193 million recorded a year earlier. The jump was mainly due to a RM434 million one-off gain from the sale of land in Malaysia Vision Valley, Negeri Sembilan [1, 2, 3]. Revenue for the quarter declined 3.4% year-on-year to RM15.75 billion [1, 2, 3].

Excluding the land sale gain, Sime Darby's core net profit rose 55.6% to RM263 million, reflecting improved profitability across all business divisions [3]. The industrial segment saw a 10.9% rise in pre-tax profit to RM245 million, while the automotive division's pre-tax profit increased 25.4% to RM143 million. Sime Darby Automotive (UMW) contributed RM196 million pre-tax, slightly higher than last year [3].

Sime Darby Property Bhd reported a 34% increase in net profit to RM158.78 million in the first quarter. This growth was supported by a RM65.13 million fair value gain from a completed data centre and stronger recurring income [4]. However, its revenue dropped 8.3% to RM799.18 million, mainly due to weaker contributions from property development and leisure segments [4]. Property sales reached RM918.9 million in Q1, achieving 23% of the RM4 billion full-year sales target [4, 5]. The company’s unbilled sales stood at RM4.1 billion as of March 31, providing more than three years of earnings visibility [4, 5].

Datuk Seri Azmir Merican, Sime Darby Property CEO, noted rising construction costs and cautious consumer sentiment amid geopolitical uncertainties. He said the group will review the RM4 billion sales target during its mid-year review but currently maintains it. “For the projects we have launched, we are unable to pass the cost to customers. For projects that we are launching, we are looking to rationalise design and price to retain healthy margins while keeping products attractive,” he said [4, 5]. Azmir added the group plans to launch properties worth RM4.7 billion in gross development value in the remainder of 2026 [4, 5].

Sime Darby Bhd declared no interim dividend for the quarter [1, 2, 4]. The group’s cumulative net profit for the first nine months rose 10.94% to RM1.44 billion, with revenue up 0.84% to RM52.757 billion [3]. Sime Darby CEO Datuk Jeffery Salim emphasized the company’s focus on strengthening core operations and preparing for sustainable growth [3].

Sime Darby will announce its mid-year review outcome, including any sales target revisions, with its second-quarter results.