Slides
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Sunway Berhad Second Quarter Financial Year Ending 31 December 2026 (Q2 FY2026) 27 August 2026
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2 Financial Highlights 234,224,200 227,194,111 225,169,95 176,130,38 143,115,75 Financial Performance Snapshot for Q2 FY2026 Revenue RM2,906 million Financial Position as at 30 June 2026 PATMI Net Gearing RatioTotal Equity Shareholders’ Funds (Q2 FY2025: RM2,562 million) (Q2 FY2025: RM273 million) RM26.6 billion (31 December 2025: RM17.0 billion) RM24.7 billion (31 December 2025: RM16.1 billion) 0.29x (31 December 2025: 0.48x) 13% 25% 17% Profit Before Tax RM496 million (Q2 FY2025: RM396 million) RM319 million
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Financial Overview
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396 496 700 Q2 FY2025 Q1 FY2026 Q2 FY2026 1H FY2025 1H FY2026 4,929 5,463 1H FY2025 1H FY2026 o Profit before tax (“PBT”) increased by 25% YoY to RM496 million in Q2 FY2026, mainly driven by stronger operating performance across most of the business segments, partially offset by a marginal decrease from the construction and trading and manufacturing segments. o PBT contracted by 95%1 QoQ. PBT in preceding quarter was boosted by a net gain of RM9.1 billion arising from the remeasurement of the investment in Sunway Healthcare Holdings Berhad (“SHH”) upon its listing. Excluding the net gain of RM9.1 billion, the Group’s PBT was higher by 7%, mainly attributable to healthcare segment which mitigated the softer performance from the other business segments. o The Group's revenue rose by 13% YoY to RM2,906 million in Q2 FY2026, compared to RM2,562 million in Q2 FY2025, supported by higher contributions from most business segments except for construction segment. o Revenue increased by 14% QoQ, mainly attributable to contribution from healthcare and other segments, mitigated the softer contribution from the rest of the segments. 4 Financial Overview – Q2 FY2026 Revenue Profit Before Tax (RM million) (RM million) YoY QoQ 13% 14% 2,562 2,558 2,906 Q2 FY2025 Q1 FY2026 Q2 FY2026 9,5581 4622 The healthcare segment’s results for the quarter ended 30 June 2026 comprise: i. consolidation of Healthcare segment as a subsidiary Group from 18 March 2026 following the completion of its listing, as compared to the equity accounting of an 84% held joint venture in the comparative quarter ended 30 June 2025. 1 Included a net gain of RM9.1 billion arising from remeasurement of investment in SHH to fair value 2 Excluded the net gain of RM9.1 billion arising from remeasurement of investment in SHH to fair value 11% 10,0541 9592 YoY QoQ 25% 95%1 1,336%1 7%2 37%2
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2,562 2,906 Q2 FY2025 Q2 FY2026 351 405 - 672 1,269 779 223 263 450 479 269 307 Property Development Healthcare Construction Property Investment Trading and Manufacturing Others 54 672 -489 40 29 38 Segmental Overview – Q2 FY2026 Revenue (RM million) Movement in Segmental Revenue (RM million) Q2 FY2026: RM2,906 million (Q2 FY2025: RM2,562 million) 5 YoY Change 3 5 3 5 1 4 15% N/A 39% 18% 7% 13% 2 2 2 Comparative figures for the trading and manufacturing and others segments have been restated to reflect segment reclassifications arising from: i) the transfer of the pharmaceutical business from others to trading and manufacturing, following a change in the Group's internal reporting structure; and ii) the merger of the quarry business into others, as it no longer meets the quantitative thresholds for separate segment reporting under MFRS 8. These reclassifications have no impact on the Group's total revenue and PBT. 3 Comprises property investment, REIT, leisure and hospitality divisions 4 Comprises automotive and pharmaceutical businesses 5 Comprises quarry, building materials, and all other businesses 14% 4 2,562 2,906 Q2 FY2025 Property Development Healthcare Construction Property Investment Trading and Manufacturing Others Q2 FY2026 The healthcare segment’s results for the quarter ended 30 June 2026 comprise: 1 consolidation of Healthcare segment as a subsidiary Group from 18 March 2026 following the completion of its listing, as compared to the equity accounting of an 84% held joint venture in the comparative quarter ended 30 June 2025.
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396 496 Q2 FY2025 Q2 FY2026 Segmental Overview – Q2 FY2026 Profit Before Tax (RM million) Movement in Segmental Profit Before Tax (RM million) Q2 FY2026: RM496 million (Q2 FY2025: RM396 million) 52 82 36 100 135 133 76 78 29 28 68 75 Property Development Healthcare Construction Property Investment Trading and Manufacturing Others 6 YoY Change 2 4 3 5 4 57% 181% 3% 10% 25% 1 1 3 30 64 -2 2 -1 7 1% 4% 2 5 396 496 Q2 FY2025 Property Development Healthcare Construction Property Investment Trading and Manufacturing Others Q2 FY2026 2 Comparative figures for the trading and manufacturing and others segments have been restated to reflect segment reclassifications arising from: i) the transfer of the pharmaceutical business from others to trading and manufacturing, following a change in the Group's internal reporting structure; and ii) the merger of the quarry business into others, as it no longer meets the quantitative thresholds for separate segment reporting under MFRS 8. These reclassifications have no impact on the Group's total revenue and PBT. 3 Comprises property investment, REIT, leisure and hospitality divisions 4 Comprises automotive and pharmaceutical businesses 5 Comprises quarry, building materials, and all other businesses The healthcare segment’s results for the quarter ended 30 June 2026 comprise: 1 consolidation of Healthcare segment as a subsidiary Group from 18 March 2026 following the completion of its listing, as compared to the equity accounting of an 84% held joint venture in the comparative quarter ended 30 June 2025.
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7.4 6.5 8.2 7.8 0.49 0.41 0.48 0.29 FY2023 FY2024 FY2025 30 Jun 2026 Net Debt (RM billion) Net Gearing Ratio (times) 2.00 2.00 4.00 3.00 3.50 4.00 2.00 14.50 5.50 6.00 20.50 3.00 FY2023 FY2024 FY2025 1H FY2026 First Interim Dividend (sen) Second Interim Dividend (sen) Dividend-in-specie (sen) Net Debt and Net Gearing Dividend Per Ordinary Shares Financial Position as at 30 June 2026 Total Equity & Shareholders’ Funds Total Assets and NAV Per Share 15.0 15.9 17.0 26.6 13.9 15.0 16.1 24.7 FY2023 FY2024 FY2025 30 Jun 2026 Total equity (RM billion) Shareholders’ Funds (RM billion) 234,224,200 227,194,111 225,169,95 176,130,38 251,249,243 28.6 31.5 38.8 50.1 2.15 2.25 2.38 3.65 FY2023 FY2024 FY2025 30 Jun 2026 Total assets (RM billion) Net assets per share (RM) 7 Note: In conjunction with the proposed listing of Sunway Healthcare Holdings Berhad, the Group has on 24 Feb 2026 announced a dividend-in-specie distribution to its entitled shareholders, based on one distribution share for every 10 Sunway shares held as at the Entitlement date on 11 March 2026. o Financial position for the Group was enlarged due to consolidation of SHH upon its listing on 18 March 2026. o Total equity and shareholders’ funds increased was largely attributable to remeasurement of investment in SHH and profits from operations generated in the current quarter. o Net gearing ratio declined from 0.48x as at 31 December 2025 to 0.30x as at 31 March 2026 due to higher total equity as explained. Notwithstanding the increase in total debt, it was offset by higher cash and bank balances, translating into a lower net debt position of RM7.9 billion as at 31 March 2026. Note: The Group declared a dividend-in-specie distribution to its entitled shareholders, based on one distribution share for every 10 Sunway Shares held as at the Entitlement date on 11 March 2026.
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Core Segments Performance Property Development
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86 184 1H FY2025 1H FY2026 615 1,059 1H FY2025 1H FY2026 Revenue Profit Before Tax o The property development segment's revenue grew by 15% to RM405 million in Q2 FY2026, mainly driven by higher progress billings from local development projects and contributions from the newly acquired MCL Group (now rebranded as Sunway MCL). o Revenue contracted by 38% QoQ, mainly due to disposal of an education asset, amounting to RM357 million in preceding quarter. o PBT improved by 57% YoY to RM82 million due to higher revenue and further boosted by finalisation account of a completed project during the current quarter. o PBT contracted by 20% QoQ. Higher PBT in Q1 FY2026 was also attributable to a net gain of RM23.1 million from the disposal of an education asset recognised during the quarter. (RM million)(RM million) 9 Property Development: Performance Review 351 654 405 Q2 FY2025 Q1 FY2026 Q2 FY2026 YoY QoQ 57% 20% 52 102 82 Q2 FY2025 Q1 FY2026 Q2 FY2026 YoY QoQ 15% 38% 72% 115%
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Property Development: Property Launches 234,224,200 227,194,111 225,169,95 176,130,38 251,249,243 Launched RM2.7 billion worth of properties in 1H FY2026 10 Sunway Sakura 2 Semi-Detached Sunway City Iskandar Puteri, Johor 61 Units RM168 million GDV Launched in March 2026 Expected completion in Q1 2029 Take-up as at 31 July 2026: ~20% Private Condominium Tampines Street, Singapore 588 units SGD 1.33 billion GDV (Effective: RM1.44 billion) Launched in March 2026 Expected completion in Q4 2029 Take-up as at 31 July 2026: 93% Pinery Residence Sunway Serene 2 Service Residences Kelana Jaya, Selangor 483 Units RM462 million GDV Launched in January 2026 Expected completion in Q3 2029 Take-up as at 31 July 2026: 27% SuperLink Homes Kelana Jaya, Selangor 27 Units RM63 million GDV Launched in January 2026 Expected completion in Q3 2029 Take-up as at 31 July 2026: 100% Selling Price: over SGD2,300 psf Upcoming: Pinery Mall with estimated GLA of 121,600 sqft Note: Take-up rates included bookings Service Residences Jalan Cochrane, Kuala Lumpur 641 units RM620 million GDV Launched in June 2026 Expected completion in Q4 2029 Take-up as at 31 July 2026: 33% Sunway Cochrane (Tower A) Achieved 56% of property launch target for the year
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Property Sales RM2.3 billion (6M FY2025: RM1.3 billion) Property Sales by Geography 4.1 3.3 9.5 8.3 1.4 2.0 1.5 1.5 2.9 1.7 6.5 5.7 2023 2024 2025 30 June 2026 Unbilled Sales (RM billion) Property Development Segment's Revenue (RM billion) Unbilled Sales / Revenue (times) Unbilled Sales / Revenue (times)55% Property Sales Target (Sales Target FY2026: RM4.2 billion) 11 Property Development: Operational Metrics (1H FY2026) Property Unbilled Sales RM8.3 billion (As at 31 December 2025: RM9.5 billion) Singapore 62% Klang Valley 31% Johor 7% Others 1% 2 Remaining landbank as at 31 July 2026 1 Previous year’s revenue for reference purpose 1 Klang Valley 53%Johor 25% Penang 4% Perak 12% Negeri Sembilan 5% Singapore <1% China <1% Remaining Landbank by Region (measured by acreage) Remaining Landbank 2,3382 acres (Estimated GDV: RM87.7billion)
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12 Property Development: Development Pipeline in Singapore Location Chuan Grove River Valley Green Bayshore Drive Land size ~7.5 acres ~2.8 acres ~14.2 acres Purchase Consideration SGD1,327.5 million (equivalent approximately RM4.2 billion) SGD750.6 million (equivalent to approximately RM2.4 billion) SGD2,128 million (equivalent to approximately RM6.7 billion) Indicative GDV SGD2.5 billion (equivalent to approximately RM7.9 billion) SGD1.4 billion (equivalent to approximately RM4.4 billion) SGD4.0 billion (equivalent to approximately RM12.6 billion) Type of Development Residential development (Private Condominium) Mixed development Target Launch Date 1H2027 2H2027 1H2028 % of stake held 35% 60% 30% Location Chuan Grove River Valley Green Bayshore Drive Awarded Date July 2025 & September 2025 June 2026 July 2026 Stake holding 35% 60% 30% Investment Cost RM1.5 billion RM1.4 billion RM2.0 billion Effective GDV RM2.8 billion RM2.6 billion RM3.8 billion Land 1: 3.9 acres (SGD703.60m) Land 2: 3.6 acres (SGD623.91m) * Based on the exchange rate SGD 1 = MYR 3.15 Expanding Presence in Singapore with Indicative GDV of ~SGD7.9 billion 24.5 acres Remaining Landbank New New
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Core Segments Performance Healthcare
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36 31 100 67 131 Q2 FY2025 Q1 FY2026 Q2 FY2026 1H FY2025 1H FY2026 14 Healthcare: Performance Review o PBT surged 181% YoY to RM100 million, in line with the revenue growth, continued earnings progression at SMC Damansara and SMC Ipoh as operations scaled up further, and higher patient census, including increase in international patients, particularly from Indonesia, China and India. o PBT expanded by 221% QoQ mainly driven by higher census hospital activities in the current quarter. YoY QoQ 181% 221% o The healthcare segment contributed revenue of RM672 million in Q2 FY2026. The improved financial performance was mainly attributed to improved operating performance across the hospital network on higher patient volume. o Revenue contribution surged 640% QoQ, primarily driven by higher census hospital activities in the current quarter. Revenue1 RM90.8 million Revenue Profit Before Tax (RM million) (RM million) 1 1 Equity accounting of an 84% held joint venture up to 17 March 2026 2 Consolidation of healthcare segment as a subsidiary effective from 18 March 2026 following the completion of its listing. 1,2 1,21 95% - 91 672 - 763 Q2 FY2025 Q1 FY2026 Q2 FY2026 1H FY2025 1H FY2026 QoQ 640% 1,21 1,21
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243 299 274 56 93 17% 16% 12% 11% 14% -1 -1 -1 0 0 0 0 0 0 100 200 300 400 500 600 700 FY2023 FY2024 FY2025 Q2 FY2025 Q2 FY2026 PBT margin 66% 381 470 511 111 159 26% 25% 23% 21% 24% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 0 200 400 600 800 1,000 1,200 1,400 1,600 FY2023 FY2024 FY2025 Q2 FY2025 Q2 FY2026 EBITDA margin 1,457 1,852 2,200 519 673 FY2023 FY2024 FY2025 Q2 FY2025 Q2 FY2026 Revenue (RM million) EBITDA2 (RM million) Profit before tax (RM million) Profit after tax (RM million) 1 FY2022 – FY2025 CAGR: 23% FY2023 – FY2025 CAGR : 16% FY2023 – FY2025 CAGR : 6% FY2022 – FY2025 CAGR : 18% Notes: Financials are shown on 100% basis 1 EBITDA breakeven refers to the month in which the hospital first reported zero or positive EBITDA since commencement 2 EBITDA is calculated based on profit, adding back income tax expense, finance costs and D&A, less finance and other distribution income 3 Normalised EBITDA is adjusted for one-off expenses comprising joint contribution fund to Ministry of Health for Diagnosis- Related Group’s implementation 30% 43% 182 258 252 41 78 12% 14% 11% 8% 12% -1 -1 -1 0 0 0 0 0 0 100 200 300 400 500 600 FY2023 FY2024 FY2025 Q2 FY2025 Q2 FY2026 PAT margin 15 Q2 FY2026 delivered stronger earnings growth and margin expansion, supported by improved operating performance across the hospital network and continued earnings progression at SMC Damansara and SMC Ipoh which progressed further into positive EBITDA contribution SMC Damansara and SMC Ipoh contributed combined revenue of RM77 million in Q2 FY2026 YoY YoY YoY YoY Healthcare: Financial Performance (SHH) Normalised EBITDA3 increased 44% to RM161 million 89%
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16 74% 76% 65% 62% 65% 82% 79% 69% 67% 73% FY2023 FY2024 FY2025 Q2 FY2025 Q2 FY2026 88 105 114 27 32 FY2023 FY2024 FY2025 Q2 FY2025 Q2 FY2026 1,148 1,396 1,777 1,647 1,855 0 400 800 1,200 1,600 2,000 Dec 2023 Dec 2024 Dec 2025 Jun 2025 Jun 2026 Number of licensed beds1 Bed occupancy rate2 Number of inpatient admissions3 (‘000s) FY2023 – FY2025 CAGR : 24% FY2023 – FY2025 growth: 9 ppts 13 ppts FY2023 – FY2025 CAGR : 14% 1 Refer to hospital beds that are approved by the MOH 2 Occupancy rate is calculated by the number of days the beds are occupied divided by the number of days the beds are available for inpatient use. Occupancy rates based on licensed beds refers to occupancy rates for hospital beds that are approved by the MOH and available for inpatient use, while occupancy rates for operating beds refer to occupancy rates for licensed beds that are activated for inpatient use. 3 Number of inpatient admissions refers to the total number of admitted patients occupying beds at a given time or over a specific period. YoY YoY YoY 13% 3 4 5 # No. of hospitals o 50 additional licensed beds were added in Q2 FY2026, bringing the total licensed beds to 1,855. o Following the completion of SMC Sunway City, Tower F, total bed capacity increased to 2,271 as at August 2026, providing further headroom for growth. o Higher patient activity drove stronger absorption of progressively activated capacity across the hospital network. o Excluding the impact from the two new hospitals, the bed occupancy rates for Q2 FY2026 based on licensed / operating beds improved to 73% / 76% (Q2 FY2025: 71% / 73%). o Inpatient census increased by 19% YoY to 32,599, outpacing the 13% increase in licensed beds, reflecting healthy demand across the network. o Growth was broad-based across the established hospitals, complemented by the continued ramp-up of SMC Damansara and SMC Ipoh. Patient growth outpaced capacity additions, lifting bed occupancy and supporting higher hospital activity Healthcare: Operating Metrics Based on licensed beds Based on operating beds 19% 5 5 3 ppts 6 ppts
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Greenfield Hospital Expansion Progress 17 Healthcare: Hospital Network Expansion Pipeline Hospital Level of care Established Number of licensed beds Total projected bed capacity SMC Sunway City Kuala Lumpur Quaternary 1999 853 1,102 SMC Velocity Tertiary 2019 292 337 SMC Penang Tertiary 2022 307 417 SMC Damansara Tertiary 2024 210 327 SMC Ipoh Tertiary 2025 193 259 SMC Iskandar Puteri Tertiary Planned 2030 1 - 410 SMC Seremban Sentral Tertiary Planned 2030 - 250 SMC Putrajaya Tertiary Planned 2031 - 325 Total 1,855 3,427 Bed Capacity Expansion (2026 – 2032) 1 Includes 200 beds estimated to be completed in 2030 and 210 beds estimated to be completed in 2032 2 Targeting groundbreaking in Q3 2026 29 July 2026: Sunway Medical Centre Sdn Bhd announced the proposed acquisition of four parcels freehold lands in Sunway City Iskandar Puteri in Johor Bahru, measuring about 9.918 acres for a purchase consideration of RM45.37 million. The transaction is expected to complete in Q2 2027. Iskandar Puteri Bed capacity 410 Estimated development cost RM781.6 million Expected completion 2030 Location Sunway City Iskandar Puteri Greenfield hospital development in Seremban Sentral, Iskandar Puteri and Putrajaya are progressing as planned. This will increase the combined capacity to more than 3,400 beds by 2032. Groundbreaking Q3 2026 (T)2
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Core Segments Performance Construction
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1,269 795 779 2,507 1,574 Q2 FY2025 Q1 FY2026 Q2 FY2026 1H FY2025 1H FY2026 19 Revenue Profit Before Tax o The construction segment recorded lower revenue of RM779 million in Q2 FY2026, compared to RM1,269 million in the corresponding quarter of the previous year. The higher revenue in Q2 FY2025 was mainly attributable to several data centre projects reaching their peak construction phase during the period. o Revenue eased marginally by 2% QoQ, as newly secured data centre projects being at the early construction stages. o PBT eased marginally YoY to RM133 million in Q2 FY2026 due to the profit recalibration upon finalisation of accounts of several completed projects. o PBT declined by 16% QoQ, in line with the softer revenue contribution. (RM million)(RM million) Construction: Performance Review 19 YoY QoQ 1% 16% YoY QoQ 39% 2% 135 159 133 249 292 Q2 FY2025 Q1 FY2026 Q2 FY2026 1H FY2025 1H FY2026 37% 17%
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97% Data Centre 70% Inhouse 22% Singapore Precast 7% Others 1% Construction: Operational Metrics Outstanding Order Book RM10.52 billion2 Data Centre 91% Inhouse 7% Singapore Precast 2% Order Book Replenishment RM6.86 billion1 Active Tender Book RM 15.2 billion 20 Achieved RM6.86 billion Order Book Replenishment1 1 Information is for the period from 1 January 2026 to 24 August 2026 2 Information as at 24 August 2026 Order Book (RM billion) YTD2026 2025 2024 2023 2022 2021 Target 6.0 / 7.0 – 9.0 4.5 - 6.0 4.0 - 5.0 2.0 2.0 2.0 New Order Book Replenishment 6.861 5.2 4.2 2.5 2.6 1.5 Outstanding Order Book 10.522 5.7 5.8 5.3 5.3 4.8 Order Book Replenishment Target for 2026 RM7.0 – RM9.0 billion (Revised) RM6.0 billion (Initial) EXCEED Order Book Replenishment Target for FY2026 RM6.0 billion
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Construction: Outstanding Order Book 21 Robust Outstanding Order Book of RM10.52 billion Outstanding Order Book (as at 24 August 2026) COMPLETION CONTRACT SUM (RM million) O/S ORDER BOOK (RM million) % Outstanding Order Book (as at 24 August2026) COMPLETION CONTRACT SUM (RM million) O/S ORDER BOOK (RM million) % DATA CENTRE 7,358 70% SINGAPORE 727 7% JHB1X0 - DATA CENTRE & TIW* 4Q 2026 4,146 49 PRECAST VARIOUS 971 617 JHB1X0 - BUILDING 2* 1Q 2027 196 90 NEW ORDER 2026 - EXTERNAL VARIOUS 110 109 JHB01 - CORE & SHELL WORKS & MEP FIT-OUT* 4Q 2027 1,561 1,346 INTERNAL - SUNWAY GROUP 2,369 23% GENERAL CONTRACTOR WORKS - SHELL 1 - MNC* 2Q 2027 1,546 788 SUNMED PH3 FIT-OUT 3Q 2026 122 31 GENERAL CONTRACTOR WORKS - SHELL 2 - MNC* 2Q 2027 2,576 2,295 RTS TRANSIT ORIENTED DEVELOPMENT PROJECT (RTS TOD) 4Q 2027 1,500 1,054 PSR - MNC* 2Q 2027 801 81 SUNWAY IPOH MALL 3Q 2027 873 572 PSR - MNC - JB01 2Q 2028 558 558 SUNWAY IPOH MALL EXTENSION - HOTEL 2Q 2029 224 224 PSR - MNC - JB02 4Q 2027 346 346 SUNWAY IPOH MALL EXTENSION - OFFICE 2Q 2028 63 62 K2 BUILDING 4 + VO 3Q 2026 458 53 SUNWAY IPOH STAFF QUARTERS - PILING 3Q 2026 9 6 DATA CENTRE - SERENDAH 3Q 2028 1,750 1,750 SUNWAY MEDICAL ISKANDAR 3Q 2030 400 400 INFRASTRUCTURE/PILING 10 0% SUNWAY SANCTUARY FIT OUT WORKS 4Q 2027 20 20 RTS LINK PACKAGE 1B AND PACKAGE 5 3Q 2026 558 10 GRAND TOTAL @ YTD 2026 19,297 10,515 INDIA 51 0% RED : SECURED IN 2026 6,858 6,691 THORAPALLI - JITTANDAHALLI (TJ) 3Q 2026 508 51 * included variation order secured in 2026
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Order Book Replenishment – YTD 2026 Client Type Completion Contract Sum (RM million) JHB1X0 – Tenant Improvement Works Yellowwood Properties Sdn Bhd Data centre Q1 2026 16 General Contractor Works – Shell 2 – Package A Multinational Technology Company Data centre Q2 2027 574 General Contractor Works – Shell 2 – Package B Multinational Technology Company Data centre Q2 2027 572 JHB1X0 – Building 2 Yellowwood Properties Sdn Bhd Data centre Q2 2026 171 Data Centre - Serendah International Hyperscale Operator Data centre Q3 2028 1,750 General Contractor Works – Shell 1 – Package A Multinational Technology Company Data centre Q2 2027 116 General Contractor Works – Shell 1 – Package B Multinational Technology Company Data centre Q2 2027 116 Project Service Request – JB01 Multinational Technology Company Data centre Q2 2028 153 Project Service Request – JB02 Multinational Technology Company Data centre Q3 2027 88 Precast – Large Panel Slab & Nursing Home Various Precast Q4 2028 35 Secured in Q1 2026 3,590 Project Service Request – JB01 Multinational Technology Company Data centre Q2 2028 406 Project Service Request – JB02 Multinational Technology Company Data centre Q3 2027 259 Sunway Ipoh Staff Quarters - Piling Sunway City (Ipoh) Sdn Bhd Inhouse Q3 2026 9 Project Services Request - MNC Multinational Technology Company Data centre Q2 2027 22 JHB1X0 – Tenant Improvement Works Yellowwood Properties Sdn Bhd Data centre Q4 2026 12 JHB01 - MEP Fit Out Multinational Technology Company Data centre Q4 2027 1,022 Sunway Medical Iskandar Sunway Medical Centre Sdn Bhd Inhouse Q3 2030 400 Sunway Sanctuary Fit Out Sunway Senior Living Sdn Bhd Inhouse Q4 2027 20 General Contractor Works – Shell 2 – Package A & B Multinational Technology Company Data centre Q1 2028 1,045 Precast - Large Panel Slab, Nursing Home & Precast Components Various Precast Various 74 Secured in Q2 2026 to August 2026 3,268 Total - YTD 2026 6,858 Construction: Order Book Replenishment 22 Order Book Replenishment of RM6.86 billion
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Core Segments Performance Property Investment
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24 Revenue1 Profit Before Tax1 o PBT expanded marginally by 3% YoY to RM78 million in Q2 FY2026, aligned with the higher revenue for the quarter. Q2 FY2025 included a net fair value gain of RM 10 million arising from the revaluation of investment properties. Excluded this gain, the profit before tax recorded an increase of 20%, reflecting improved underlying operating performance. o PBT contracted by 15% QoQ, mainly due to lower interest income in the current quarter and dividend income recorded in Q1 2026 from strategic investment. (RM million)(RM million) Property Investment 1 Comprises Property Investment, REIT, Leisure and Hospitality segments o Revenue grew by 18% YoY to RM263 million in Q2 FY2026, driven by better performance from leisure division and Sunway Velocity Mall, as well as contribution from Sunway Wangsa Mall (acquired in Q4 2025). o Revenue decreased marginally by 1% QoQ, primarily due to lower contribution from leisure division, partially offset by improved performance from hospitality divisions on higher occupancy rates. 223 266 263 469 530 Q2 FY2025 Q1 FY2026 Q2 FY2026 6M FY2025 6M FY2026 YoY QoQ 18% 1% 76 92 78 169 171 Q2 FY2025 Q1 FY2026 Q2 FY2026 6M FY2025 6M FY2026 YoY QoQ 3% 15% 1% 13%
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Property Investment 25 Asset Under Management (“AUM”) Property Investment: Operational Metrics Retail Properties (2025: 22 Retail Properties) Others 12 Offices Hotels & Resorts 12 Hospitality Guest Composition YTD2026 54% Foreign Guests (2025: 54%) 8 Current Portfolio 22 (2025: 11 Offices) (2025: 8 Others) ~RM14.4 billion as of June 2026 (31 Dec 2025: RM14.4 billion) Leisure Theme parks 2 No. of Visitors 6M YTD2026 ~866,000 (6M YTD2025: ~863,000) # Undertaken by Sunway REIT Average Occupancy Rate 6M YTD2026 56% (6M YTD2025: 44%) Based on total room nights occupied Investment Properties in the Pipeline Sunway Pier# Expected completion 2H2028 Sunway Ipoh Mall Expected completion Q4 2027 New Sunway Hotel Seberang Jaya# Expected completion Q4 2027
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Prospects and Outlook
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o The global economy continued to face heightened economic and geopolitical uncertainties, particularly stemming from shifts in US policies and developments in the Middle East. o Malaysia’s economy remained resilient, recording a growth of 6.0% in Q2 2026 (Q1 2026:5.4%), supported by domestic demand and robust exports of electrical and electronics (“E&E”) and energy-related products. o The Groups remains cautiously optimistic on its prospects for FY2026, given its diversified business model, robust unbilled sales, continued expansion of healthcare bed capacity, record high outstanding construction order book and resilient recurring-income businesses. 27 Prospects & Outlook Cautiously optimistic on its prospects for FY2026 Macroeconomic Outlook and Prospects for Sunway Berhad o Malaysia’s real estate market is expected to remain stable on resilient demand for established townships & TODs. o Singapore’s residential property market is expected to remain robust supported by its transparent regulatory framework, healthy labour market and demand for quality residential developments. o Remains focused on TOD opportunities. o Strategic land bank acquisition. Property Development o Pursue brownfield and greenfield expansion and improve operational performance across the hospital network. o Recent geopolitical uncertainties may affect regional travel, outlook for private healthcare & medical tourism remains constructive. o To capitalise on Malaysia’s established position as a regional medical tourism hub, supported by favourable long-term demand. Healthcare o Acceleration in the global technology investments supports ongoing digital infrastructure investments in Malaysia. o Record high outstanding order book of RM10.5 billion that provide healthy earnings visibility. o Revised order book replenishment target to RM7.0 - RM9.0 billion. Construction
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Supplementary Information
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29 Income Statements Highlights 1 Based on the weighted average number of shares on the respective dates The following items were included in the calculation of the profit of the Group: RM million Q2 FY2026 Q2 FY2025 Q1 FY2026 6M FY2026 6M FY2025 Revenue 2,905.7 2,561.6 2,557.5 5,463.2 4,928.7 EBIT 488.1 398.2 9,568.8 10,056.9 715.8 EBIT Margin (%) 16.8 15.5 374.1 184.1 14.5 PBT 496.2 396.0 9,558.2 10,054.4 700.1 Core PBT 499.0 386.0 470.9 969.9 690.1 Core PBT Margin (%) 17.2 15.1 18.4 17.8 14.0 PATMI 318.6 273.0 9,413.6 9,732.2 463.5 Core PATMI 321.4 262.9 325.9 647.3 453.5 Core PATMI Margin (%) 11.1 10.3 12.7 11.8 9.2 Basic EPS1 (sen) 4.71 4.07 139.25 143.96 6.74 RM million Q2 FY2026 Q2 FY2025 Q1 FY2026 6M FY2026 6M FY2025 PBT PATMI PBT PATMI PBT PATMI PBT PATMI PBT PATMI Net gain arising from remeasurement of investment in SHH - - - - 9,095.8 9,095.8 9,095.8 9,095.8 - - Goodwill impairment - - - - (8.4) (8.4) (8.4) (8.4) - - Share of net fair value gain (associates) - - 10.0 10.0 - - - - 10.0 10.0 Impairment loss on PPE (2.8) (2.8) - - - - (2.8) (2.8) - -
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30 Solid Balance Sheet Note: 1 Net gearing = (Total borrowings – Cash and bank balances) / Total Equity RM million 30 June 2026 31 December 2025 (Unaudited) (Audited) Non-current Assets 32,255.9 22,988.4 Current Assets 17,862.1 15,853.6 Total Assets 50,118.0 38,841.9 Current Liabilities 14,850.1 14,793.5 Non-current Liabilities 8,687.2 7,051.6 Total Liabilities 23,537.3 21,845.1 Shareholders’ Funds 24,651.4 16,056.5 Non-Controlling Interests 1,929.2 940.3 Total Equity 26,580.7 16,996.8 Total Equity & Liabilities 50,118.0 38,841.9 Total Borrowings 16,407.5 15,001.4 Cash & Bank Balances 8,640.7 6,788.7 Net Gearing Ratio1 (times) 0.29 0.48 Share Capital 7,958.7 7,958.7 Number of Ordinary Shares (‘million) 6,760.4 6,760.4 Net Assets Per Share (RM) 3.65 2.38
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31 Segmental Information Property Development RM million Q2 FY2026 Q2 FY2025 Q1 FY2026 6M FY2026 6M FY2025 Revenue 405.0 351.4 653.6 1,058.6 614.7 Operating Profit 62.0 40.2 60.8 122.8 67.9 Operating Profit Margin (%) 15.3 11.4 9.3 11.6 11.0 EBIT (incl. share of associates & JCE) 83.3 46.7 100.0 183.3 81.2 EBIT Margin (%) 20.6 13.3 15.3 17.3 13.2 Property Investment RM million Q2 FY2026 Q2 FY2025 Q1 FY2026 6M FY2026 6M FY2025 Revenue 263.4 223.0 266.2 529.7 469.3 Operating Profit 64.7 40.6 66.4 131.1 103.2 Operating Profit Margin (%) 24.5 18.2 24.9 24.7 22.0 EBIT (incl. share of associates & JCE) 111.3 97.4 120.0 231.3 210.1 EBIT Margin (%) 42.3 43.7 45.1 43.7 44.8
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32 Segmental Information Construction RM million Q2 FY2026 Q2 FY2025 Q1 FY2026 6M FY2026 6M FY2025 Revenue 779.3 1,268.6 794.5 1,573.9 2,506.6 Operating Profit 111.0 125.5 139.7 250.7 235.2 Operating Profit Margin (%) 14.2 9.9 17.6 15.9 9.4 EBIT (incl. share of associates & JCE) 117.5 128.9 141.3 258.8 241.5 EBIT Margin (%) 15.1 10.2 17.8 16.4 9.6 Healthcare RM million Q2 FY2026 Q2 FY2025 Q1 FY2026 6M FY2026 6M FY2025 Revenue 671.8 - 90.8 762.6 - Operating Profit 106.0 - 8.8 114.8 - Operating Profit Margin (%) 15.8 - 9.7 15.1 - EBIT (incl. share of associates & JCE) 106.1 35.5 32.9 139.1 67.3 EBIT Margin (%) 15.8 - 36.3 18.2 -
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Sunway Cochrane (Tower B) Sunway Velocity Three Sunway Serene 2 Location Jalan Cochrane, Kuala Lumpur Jalan Peel, Kuala Lumpur Kelana Jaya, Petaling Jaya GDV RM632 million Tower A: RM750 million Tower B: RM390 million Services Residence: RM462 million Superlink Homes: RM63 million Type Serviced Residence Serviced Residence Serviced Residence & Superlink Homes Units 655 Tower A: 1,036 Tower B: 568 Services Residence: 483 Superlink Homes: 27 Launch October 2025 Tower A & B: May 2024 January 2026 Take-up* 73% Tower A: 95% Tower B: 100% Serviced Residence: 27% Superlink Homes: 100% Project Attraction A stunning 5.4-acre transi-oriented development comprising two premium serviced apartment towers with two floor of vibrant retail offerings, etched into the Kuala Lumpur skyline. Close proximity to Cochrane MRT (60m) and 1 station from TRX. New frontier modern oasis and smart living in the heart of Kuala Lumpur. Thoughtfully designed and boasting incredible connectivity with MRT; 1 station away to TRX. Built for sustainable living with 2-acre central park. Prime residential project in the bustling location, offering resort-style serene living surrounded by living with 15 - acre lake within a mature and well-connected neighbourhood. 33 Property Projects in Malaysia (Klang Valley) *as at end-July 2026 (inclusive bookings) Completing in Oct 2029 Completing in May 2028 Completing in Aug 2029
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Sunway Flora Residence (Phase 1) Sunway Flora Residences (Phase 2) Location Bukit Jalil, Kuala Lumpur GDV Tower A: RM306 million Tower B: RM308 million RM232 million Type Serviced Residence & Retail Serviced Residence Units Tower A: 379 Tower B: 369 338 Launch Tower A: March 2023 Tower B: September 2023 April 2025 Take-up* Tower A: 100% Tower B: 100% 25% Project Attraction Nestled in the heart of Bukit Jalil, this freehold low-density residential designed to provide the Signature of Biophilic Nature Living experience, effortless accessibility to various major highways and a 700m covered walkway to Muhibbah LRT station. Surrounded by renowned educational institutions, vibrant retail and commercial hubs, serene parks and gold course, everything you need in just moments away. 34 Property Projects in Malaysia (Klang Valley) *as at end-July 2026 (inclusive bookings) Completing in Q3 2026 Completing in Apr 2029
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Sunway Lenang Heights Sunway LakeHills Sunway Majestic Location Taman Molek, Johor Bahru Johor Bahru City Centre GDV Manor (Bungalow) & Lavie (Semi-D): RM114 million RM529 million RM476 million Type Bungalow & Semi-D Homes Serviced Residence Small-Office-Home Office (SOHO) Apartment Units Manor (Bungalow): 36 Lavie (Semi-D): 6 862 1,012 Launch November 2023 October 2025 October 2025 Take-up* Manor: 100% Lavie: 100% 20% 41% Project Attraction Exclusive abode secluded within the deep serenity of a freehold land. It is the final piece of this prestigious development, offering 36 bungalows and 6 semi-detached homes with irresistible charm. Located within the 88-acre Sunway Lenang Heights, offering resort living overseeing a 30-acre lakeside garden. The development combines lakeside tranquility with uninterrupted 360° panoramic views of the Johor Bahru skyline and adjacent to a gold course. The new Johor Bahru City Centre’s urban high -rise freehold SOHO offering smart spaces for living, working or as an investment. Designed for the modern go-getter, and it is only 3km away from the upcoming RTS Link. The mixed-use developed is well served by retail and commercial hub to serve the residents. 35 *as at end-July 2026 (inclusive bookings) Property Projects in Malaysia (Johor) Completing in Q3 2026 Completing in Oct 2029 Completing in Sep 2029
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Sunway Aviana Sunway Maple Forest Heights Location Sunway City Iskandar Puteri, Johor Sunway City Iskandar Puteri, Johor Seremban, Negeri Sembilan GDV Phase 1: RM114 million - Phase 3: RM82 million Phase 2: RM110 million RM193 million Oskar: RM254 million Zentra: RM144 million Type Two-storey terraces Semi-detached concept terrace homes Oskar: Link homes Zentra: Commercial shop offices Units Phase 1: 135 - Phase 3: 90 Phase 2: 124 156 Oskar: 496 Zentra: 142 Launch Phase 1: October 2023 - Phase 3: April 2024 Phase 2: November 2023 September 2024 Oskar: May 2024 Zentra: August 2025 Take-up* Phase 1: 100% - Phase 3: 100% Phase 2: 100% 65% Oskar: 77% Zentra: 46% Project Attraction Experience balance and harmony at Parkview's latest parcel, nestled amidst lush greenery in SCIP. Enjoy seamless connectivity to various amenities and major highways for a life of comfort and convenience in this thriving and wholesome community. Maiden freehold residences offering a unique blend of nature and elegance meadow homes. Spacious built- up of 30’ x 60’ – 90’ with flexible layout catering to different needs. . Enjoy seamless connectivity to various amenities and major highways. A 488-acre freehold, low-density, gated-and-guarded township development. It is known for integrating modern, luxurious landed homes with a natural, hilly, and forested environment. 36 *as at end-July 2026 (inclusive bookings) Property Projects in Malaysia (Johor and Negeri Sembilan) Completing in Q4 2026 Completing in Sep 2027 Oskar: Completing in Nov 2026 (Q4) Zentra: Completing in Jul 2028 (Q3)
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Sunway Bayu Sunway Wellesley Serene Villas Location Sunway City Ipoh, Perak Bukit Mertajam, Penang GDV RM115 million RM 149 million Type Flexi terrace homes 3-storey townhouse Units 168 210 Launch December 2024 December 2024 Take-up* 56% 21% Project Attraction A gated and guarded tropical resort living community is a stone away from Sunway Medical Centre Ipoh, Sunway Ipoh Mall (under construction), Sunway College Ipoh, Lost World of Tambun, The Banjaran Hotsprings Retreat and more. A gated and guarded landed residence with club facilities, lush jogging trails and seamless connectivity to ETS train station, proposed LRT line, Penang bridge and major highways. 37 Property Launches in Malaysia (Penang and Ipoh) *as at end-July 2026 (inclusive bookings) Completing in Q3 2026 Completing in Dec 2027 (Q4)
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38 *as at end-July 2026 (inclusive bookings) International Property Projects (Singapore) Terra Hills The Continuum Novo Place Otto Place Location Pasir Panjang, Singapore Thiam Siew Avenue, Singapore Plantation Close, Tengah, Singapore GDV SGD 845 million (Effective RM 852 million) SGD 2.20 billion (Effective RM 2.2 billion) SGD 790 million (Effective: RM918 million) SGD 1.05 billion (Effective RM 1.1 billion) Type Private Condominium Private Condominium Executive Condomunium Executive Condominium Units 270 816 504 600 Launch February 2023 April 2023 November 2024 July 2025 Take-up 79% 93% 100% 100% Project Attraction A freehold residential development that enjoys a wealth of natural greenery from nearby Kent Ridge Park and also well located to leverage the advantages of near proximity with the Pasir Panjang MRT, city centre, shopping malls and numerous amenities A strategically located condominium that enjoys close proximity to numerous amenities and excellent connectivity, designed to suit the contemporary lifestyle of residents who enjoy a wide range of social and fitness activities Located at the prime Tengah town, often referred to as Singapore’s first “Forest Town”, these developments offer a blend of suburban tranquility and urban convenience. Enjoy easy access to a host of amenities and future Tengah MRT Station on the Jurong Region Line.
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39 *as at end-July 2026 (inclusive bookings) International Property Projects (Singapore) Nava Grove Elta Pinery Residences Location Pine Grove Clementi Avenue 1 Tampines West precinct (District 18) GDV SGD1.38 billion (Effective RM 2.1 billion) SGD1.26 billion (Effective RM 2.0 billion) SDG1.33billion (Effective RM 1.4 billion) Type Private Condominium Private Condominium Private condominium with retail component Units 552 501 588 Launch November 2024 February 2025 March 2026 Take-up 99% 89% 93% Project Attraction Nestled in a prime location in Pine Grove, Nava Grove offers tranquility within a prestigious enclave. Surrounded by the verdant greenery of Clementi Forest, Dover Forest, and an extensive park network via the Rail Corridor and Ulu Pandan Park Connector, residents can foster revitalising connections with nature. A modern residential development designed to capture the essence of a contemporary high-rise treehouse, two 39-storey towers offer serene living spaces akin to being nestled among the clouds. A private sanctuary amidst refined residences and resort-living facilities with direct access to the Downtown MRT Line and a commercial mall serving your everyday needs.
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40 Thank You Email : irsunwayberhad@sunway.com.my Website : www.sunway.com.my This presentation may contain certain forward-looking statements due to a number of risks, uncertainties, and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions; interest rate trends; cost of capital and capital availability including the availability of financing in the amounts and the terms necessary to support future business; availability of real estate properties; competition from other companies; changes in operating expenses including employee wages, benefits and training, property expenses, government, and public policy changes. You are cautioned not to place undue reliance on these forward-looking statements which are based on Management’s current view of future events. Past performance is not necessarily indicative of future performance.