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SUNSURIA BERHAD — Interim / Quarterly Report 2026
May 24, 2026
71569_rns_2026-05-24_5fbfe054-8377-4a2c-a088-bc25048360df.pdf
Interim / Quarterly Report
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SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
Registration No.: 196801000641 (8235-K)
INTERIM FINANCIAL STATEMENTS
FOR THE SECOND QUARTER ENDED 31 MARCH 2026
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
| Note | Individual Quarter | Year To Date | |||
|---|---|---|---|---|---|
| Current Year | |||||
| 31.03.2026 | |||||
| RM'000 | Preceding Year | ||||
| 31.03.2025 | |||||
| RM'000 | |||||
| (Restated) | Current Year | ||||
| 31.03.2026 | |||||
| RM'000 | Preceding Year | ||||
| 31.03.2025 | |||||
| RM'000 | |||||
| (Restated) | |||||
| Revenue | 120,608 | 125,927 | 238,648 | 284,310 | |
| Cost of sales | (81,418) | (88,866) | (168,855) | (199,050) | |
| Gross profit | 39,190 | 37,061 | 69,793 | 85,260 | |
| Other income | 1,493 | 1,452 | 3,381 | 5,995 | |
| Net provision of impairment loss | |||||
| on financial assets | - | - | - | (546) | |
| Administrative and other expenses | (22,445) | (19,325) | (43,767) | (42,870) | |
| Finance income | 2,377 | 1,534 | 5,391 | 2,943 | |
| Finance costs | (6,747) | (6,513) | (13,427) | (13,623) | |
| Share of results of associates | 173 | (49) | 138 | 190 | |
| Profit before tax | 14,041 | 14,160 | 21,509 | 37,349 | |
| Tax expense | B5 | (6,288) | (3,549) | (10,486) | (13,283) |
| Profit for the period | 7,753 | 10,611 | 11,023 | 24,066 | |
| Other comprehensive income/(loss) | |||||
| that may be reclassified | |||||
| subsequently to profit or loss: | |||||
| Gain/(Loss) on foreign currency translation | 131 | (98) | (395) | 46 | |
| Other comprehensive income/(loss), net of tax | 131 | (98) | (395) | 46 | |
| Total comprehensive income | 7,884 | 10,513 | 10,628 | 24,112 | |
| Profit attributable to: | |||||
| Owners of the Company | 5,685 | 8,099 | 7,379 | 16,964 | |
| Non-controlling interests | 2,068 | 2,512 | 3,644 | 7,102 | |
| 7,753 | 10,611 | 11,023 | 24,066 | ||
| Total comprehensive income attributable to: | |||||
| Owners of the Company | 5,796 | 7,976 | 6,926 | 16,997 | |
| Non-controlling interests | 2,088 | 2,537 | 3,702 | 7,115 | |
| 7,884 | 10,513 | 10,628 | 24,112 | ||
| Earnings per share attributable to Owners of the Company (sen): | |||||
| Basic | B9 | 0.63 | 0.90 | 0.82 | 1.89 |
| Diluted | B9 | N/A | N/A | N/A | N/A |
The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 30 September 2025 and the accompanying explanatory notes attached to the interim financial statements.
S U N S U R I A
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
| | As At
31.03.2026
RM'000
(Unaudited) | As At
30.09.2025
RM'000
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Investment in associates | 15,166 | 15,028 |
| Other investment | 159 | 159 |
| Property, plant and equipment | 133,190 | 130,928 |
| Investment properties | 335,243 | 334,251 |
| Goodwill | 3,350 | 3,350 |
| Inventories | 877,614 | 764,046 |
| Deferred tax assets | 29,717 | 31,313 |
| Right-of-use assets | 5,561 | 4,332 |
| Trade receivables | 1,080 | 1,320 |
| Other receivables, deposits and prepayments | - | 214 |
| | 1,401,080 | 1,284,941 |
| Current assets | | |
| Inventories | 440,804 | 476,393 |
| Contract assets | 69,465 | 70,529 |
| Contract costs | 20,684 | 18,620 |
| Trade receivables | 90,138 | 120,408 |
| Other receivables, deposits and prepayments | 45,857 | 46,434 |
| Lease receivables | - | 45 |
| Amount owing by related parties | 5,020 | 3,668 |
| Amount owing by associates | 52,209 | 53,545 |
| Tax recoverable | 13,292 | 14,810 |
| Short-term investments | 56 | 55 |
| Fixed deposits with licensed banks | 49,356 | 135,630 |
| Cash and bank balances | 174,083 | 127,675 |
| | 960,964 | 1,067,812 |
| TOTAL ASSETS | 2,362,044 | 2,352,753 |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
| | As At
31.03.2026
RM'000
(Unaudited) | As At
30.09.2025
RM'000
(Audited) |
| --- | --- | --- |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| Share capital | 640,288 | 640,288 |
| Reserves | 444,443 | 437,517 |
| Equity attributable to Owners of the Company | 1,084,731 | 1,077,805 |
| Non-controlling interests | 68,260 | 64,350 |
| TOTAL EQUITY | 1,152,991 | 1,142,155 |
| Non-current liabilities | | |
| Other payables | 4,918 | - |
| Borrowings | 556,539 | 506,951 |
| Lease liabilities | 7,121 | 3,799 |
| Deferred tax liabilities | 78,944 | 79,191 |
| | 647,522 | 589,941 |
| Current liabilities | | |
| Trade payables | 135,495 | 180,151 |
| Other payables, deposits received, accruals and provisions | 123,959 | 121,087 |
| Amount owing to related parties | 235 | 268 |
| Amount owing to associates | 19,117 | 29,627 |
| Contract liabilities | 31,912 | 37,749 |
| Borrowings | 235,086 | 238,877 |
| Lease liabilities | 4,202 | 2,419 |
| Tax payables | 11,525 | 10,479 |
| | 561,531 | 620,657 |
| TOTAL LIABILITIES | 1,209,053 | 1,210,598 |
| TOTAL EQUITY AND LIABILITIES | 2,362,044 | 2,352,753 |
| Net assets per share attributable to Owners of
the Company (RM) | 1.21 | 1.20 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 30 September 2025 and the accompanying explanatory notes attached to the interim financial statements.
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
| Non-distributable | Distributable | Attributable to Owners of the Company | Non-controlling interests | Total equity | |||
|---|---|---|---|---|---|---|---|
| Share capital | Capital reserve | Foreign currency translation reserve | Retained earnings | ||||
| RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
| At 1 October 2025 | 640,288 | 815 | (1,022) | 437,724 | 1,077,805 | 64,350 | 1,142,155 |
| Profit for the period | - | - | - | 7,379 | 7,379 | 3,644 | 11,023 |
| Other comprehensive (loss)/income | - | - | (453) | - | (453) | 58 | (395) |
| Total comprehensive (loss)/income | - | - | (453) | 7,379 | 6,926 | 3,702 | 10,628 |
| Dividends paid to non-controlling interest of a subsidiary | - | - | - | - | - | (90) | (90) |
| Liquidation of a subsidiary | - | - | - | - | - | 298 | 298 |
| At 31 March 2026 | 640,288 | 815 | (1,475) | 445,103 | 1,084,731 | 68,260 | 1,152,991 |
| At 1 October 2024 (as previously stated) | 640,288 | 815 | (922) | 380,896 | 1,021,077 | 37,514 | 1,058,591 |
| Effect of change in accounting policy | - | - | - | 28,832 | 28,832 | 301 | 29,133 |
| At 1 October 2024 (restated) | 640,288 | 815 | (922) | 409,728 | 1,049,909 | 37,815 | 1,087,724 |
| Profit for the period | - | - | - | 16,964 | 16,964 | 7,102 | 24,066 |
| Other comprehensive income | - | - | 33 | - | 33 | 13 | 46 |
| Total comprehensive income | - | - | 33 | 16,964 | 16,997 | 7,115 | 24,112 |
| Dividends paid by the Company | - | - | - | (8,959) | (8,959) | - | (8,959) |
| At 31 March 2025 | 640,288 | 815 | (889) | 417,733 | 1,057,947 | 44,930 | 1,102,877 |
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited financial statements for the financial year ended 30 September 2025 and the accompanying explanatory notes attached to the interim financial statements.
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
| 6 months ended | ||
|---|---|---|
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| Cash Flows From/(For) Operating Activities | (Restated) | |
| Profit before tax | 21,509 | 37,349 |
| Adjustments for: | ||
| Depreciation of: | ||
| - property, plant and equipment | 3,682 | 3,350 |
| - right-of-use assets | 1,569 | 1,142 |
| Allowance for impairment losses on trade and other receivables | - | 546 |
| Gain on disposal of property, plant and equipment | - | (225) |
| Loss on liquidation of a subsidiary | 13 | - |
| Write off of bad debts | - | 2 |
| Finance costs | 13,427 | 13,623 |
| Finance income | (5,391) | (2,943) |
| Share of results of associates | (138) | (190) |
| Operating profit before working capital changes | 34,671 | 52,654 |
| Decrease/(Increase) in operating assets: | ||
| - Inventories | 36,979 | 19,228 |
| - Trade and other receivables | 31,128 | 46,079 |
| - Amount owing by related parties and associates | 8,896 | 13,977 |
| - Contract assets | 1,064 | (28,791) |
| - Contract costs | (2,064) | 5,317 |
| (Decrease)/Increase in operating liabilities: | ||
| - Trade and other payables | (33,743) | (12,209) |
| - Contract liabilities | (2,035) | (29,423) |
| - Amount owing to related parties and associates | (10,543) | 8,010 |
| Cash from operations | 64,353 | 74,842 |
| Finance costs paid | (22,023) | (18,442) |
| Tax refunded | 6,300 | 59 |
| Tax paid | (12,872) | (29,205) |
| Net cash from operating activities | 35,758 | 27,254 |
| Cash Flows From/(For) Investing Activities | ||
| Expenditure incurred on land held for property development | (108,684) | (62,946) |
| Withdrawal of fixed deposits pledged with licensed banks | 86,274 | 1,219 |
| Finance income received | 5,391 | 2,943 |
| Investment in associates | - | (12,871) |
| Advances to an associate | (8,912) | (29,351) |
| Acquisition and subsequent expenditures of: | ||
| - property, plant and equipment | (5,964) | (5,086) |
| - investment properties | (992) | (20,295) |
| Net sale proceeds from disposal of property, plant and equipment | 20 | 120 |
| Net cash for investing activities | (32,867) | (126,267) |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
| 6 months ended | ||
|---|---|---|
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| (Restated) | ||
| Cash Flows From/(For) Financing Activities | ||
| Drawdown of borrowings | 267,606 | 270,768 |
| Repayment of borrowings | (207,535) | (198,274) |
| Proceeds from issuance of Islamic Commercial Papers | 93,000 | - |
| Repayment of Sukuk Wakalah | (106,000) | - |
| Payments for the principal portion of lease liabilities | (1,450) | (1,271) |
| Transaction costs related to borrowings | (1,320) | (879) |
| Dividends paid to non-controlling interest of a subsidiary | (90) | - |
| Dividends paid to equity holders of the Company | - | (8,959) |
| Net cash from financing activities | 44,211 | 61,385 |
| Net change in cash and cash equivalents | 47,102 | (37,628) |
| Effects of exchange rate changes | (395) | 46 |
| Cash and cash equivalents at the beginning of the financial period | 125,932 | 192,256 |
| Cash and cash equivalents at the end of the financial period | 172,639 | 154,674 |
| Cash and cash equivalents at the end of the financial period comprised: | ||
| Short-term investment | 56 | 54 |
| Fixed deposits with licensed banks | 49,356 | 49,409 |
| Cash and bank balances | 174,083 | 154,607 |
| 223,495 | 204,070 | |
| Less: Fixed deposits pledged to licensed banks | (49,356) | (49,396) |
| Less: Bank overdraft | (1,500) | - |
| Total cash and cash equivalents for the period | 172,639 | 154,674 |
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements for the financial year ended 30 September 2025 and the accompanying explanatory notes attached to the interim financial statements.
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
(“MFRS”) 134
A1. Basis of Preparation
The unaudited interim financial report has been prepared in accordance with the reporting requirements as set out in the Malaysian Financial Reporting Standards (“MFRS”) No. 134 - Interim Financial Reporting and Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).
The interim financial statements should be read in conjunction with the audited financial statements for the financial year ended 30 September 2025 which were prepared under the Malaysian Financial Reporting Standards. These explanatory notes attached to the interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group since the financial year ended 30 September 2025.
A2. Accounting Policies
The accounting policies and presentation adopted for this interim report are consistent with those adopted for the audited financial statements for the financial year ended 30 September 2025, except for the adoption of the following Amendments to MFRS issued by Malaysian Accounting Standards Board (“MASB”) that are relevant to its operations which effective for annual financial periods beginning on or after 1 January 2025 as follows:
Amendments to MFRS 121
Lack of Exchangeability
The adoption of the above has no material impact on the financial statements of the Group in the period of initial application.
New MFRSs and Amendments to MFRSs in issue but not yet effective
At the date of authorisation for issue of these financial statements, the new MFRSs and Amendments to MFRSs which were in issue but not yet effective are set out below:
Amendments to MFRS 9 and MFRS 7
Amendments to MFRS 9 and MFRS 7
Amendments to MFRSs
MFRS 18
MFRS 19
Amendments to MFRS 19
Amendments to MFRS 121
Amendments to MFRS 10 and MFRS 128
Amendments to the Classification and Measurement of Financial Instruments¹
Contracts Referencing Nature-dependent Electricity¹
Annual Improvements to MFRS Accounting Standards - Volume 11¹
Presentation and Disclosure in Financial Statements²
Subsidiaries without Public Accountability: Disclosures²
Subsidiaries without Public Accountability: Disclosures²
Translation to a Hyperinflationary Presentation Currency²
Sale or Contribution of Assets between an Investor and its Associates or Joint Venture³
1 Effective for annual periods beginning on or after 1 January 2026, with earlier application permitted.
2 Effective for annual periods beginning on or after 1 January 2027, with earlier application permitted.
3 Effective date deferred to a date to be determined and announced by MASB.
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
("MFRS") 134
A2. Accounting Policies (Cont'd)
New MFRSs and Amendments to MFRSs in issue but not yet effective (cont'd)
The abovementioned new MFRSs and amendments to MFRSs will be adopted, if applicable, in the financial statements of the Group when they become effective. The adoption of these standards and amendments will not have material impact on the financial statements of the Group in the period of initial application except as further discussed below:
MFRS 18 Presentation and Disclosure in Financial Statements
The MFRS 18 Presentation and Disclosure in Financial Statements replaces MFRS 101, carrying forward many of the requirements in MFRS 101 unchanged and complementing them with new requirements. MFRS 18 introduces new requirements to improve companies reporting of financial performance:
- present specified categories and defined subtotals in the statement of profit or loss
- provide disclosures on management-defined performance measures in the notes to financial statements
- improve aggregation and disaggregation
An entity is required to apply MFRS 18 for annual periods beginning on or after 1 January 2027, with earlier application permitted. MFRS 18 requires retrospective application with specific transition provisions. The adoption of MFRS 18 may have an impact on the financial statements of the Group in the period of initial application. However, it is not practicable to provide a reasonable estimate of the effects from the adoption of MFRS 18 until the Group undertakes a detailed review.
Change in accounting policy - Adoption of fair value model for investment properties ("FV model for IP")
In the previous financial year, the Group reassessed its accounting policy for investment properties and changed the measurement basis from cost model to fair value model. The comparatives have been restated to reflect the effects of the change in accounting policy.
[THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
("MFRS") 134
A2. Accounting Policies (Cont'd)
(i) Reconciliation of statement of profit or loss and other comprehensive income
| Quarter ended 31 March 2025 | Period ended 31 March 2025 | |||||
|---|---|---|---|---|---|---|
| As previously stated | Effect of adoption of FV model for IP | As restated | As previously stated | Effect of adoption of FV model for IP | As restated | |
| RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
| Revenue | 125,927 | - | 125,927 | 284,310 | - | 284,310 |
| Cost of sales | (88,866) | - | (88,866) | (199,050) | - | (199,050) |
| Gross profit | 37,061 | - | 37,061 | 85,260 | - | 85,260 |
| Other income | 1,452 | - | 1,452 | 5,995 | - | 5,995 |
| Net provision of impairment | ||||||
| loss on financial assets | - | - | - | (546) | - | (546) |
| Administrative and other expenses | (19,430) | 105 | (19,325) | (43,080) | 210 | (42,870) |
| Finance income | 1,534 | - | 1,534 | 2,943 | - | 2,943 |
| Finance costs | (6,513) | - | (6,513) | (13,623) | - | (13,623) |
| Share of results of associates | (49) | - | (49) | 190 | - | 190 |
| Profit before tax | 14,055 | 105 | 14,160 | 37,139 | 210 | 37,349 |
| Tax expense | (3,549) | - | (3,549) | (13,283) | - | (13,283) |
| Profit for the period | 10,506 | 105 | 10,611 | 23,856 | 210 | 24,066 |
| Other comprehensive (loss)/income | (98) | - | (98) | 46 | - | 46 |
| Total comprehensive income | 10,408 | 105 | 10,513 | 23,902 | 210 | 24,112 |
| Profit attributable to: | ||||||
| Owners of the Company | 7,994 | 105 | 8,099 | 16,754 | 210 | 16,964 |
| Non-controlling interests | 2,512 | - | 2,512 | 7,102 | - | 7,102 |
| 10,506 | 105 | 10,611 | 23,856 | 210 | 24,066 | |
| Total comprehensive income attributable to: | ||||||
| Owners of the Company | 7,871 | 105 | 7,976 | 16,787 | 210 | 16,997 |
| Non-controlling interests | 2,537 | - | 2,537 | 7,115 | - | 7,115 |
| 10,408 | 105 | 10,513 | 23,902 | 210 | 24,112 | |
| Earnings per share (sen): | ||||||
| Basic | 0.89 | 0.01 | 0.90 | 1.87 | 0.02 | 1.89 |
| Diluted | N/A | - | N/A | N/A | - | N/A |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
(“MFRS”) 134
A2. Accounting Policies (Cont'd)
(ii) Reconciliation of statement of financial position
| As at 31 March 2025 | |||
|---|---|---|---|
| As previously stated | Effect of adoption of FV model for IP | As restated | |
| RM'000 | RM'000 | RM'000 | |
| Investment properties | 274,018 | 23,852 | 297,870 |
| Deferred tax assets | 30,129 | (1,628) | 28,501 |
| Other non-current assets | 924,675 | - | 924,675 |
| Non-current assets | 1,228,822 | 22,224 | 1,251,046 |
| Current assets | 1,049,578 | - | 1,049,578 |
| Total assets | 2,278,400 | 22,224 | 2,300,624 |
| Share capital | 640,288 | - | 640,288 |
| Reserves | 388,617 | 29,042 | 417,659 |
| Equity attributable to Owners of the Company | 1,028,905 | 29,042 | 1,057,947 |
| Non-controlling interests | 44,629 | 301 | 44,930 |
| Total equity | 1,073,534 | 29,343 | 1,102,877 |
| Deferred tax liabilities | 91,675 | (7,119) | 84,556 |
| Other non-current liabilities | 427,697 | - | 427,697 |
| Non-current liabilities | 519,372 | (7,119) | 512,253 |
| Current liabilities | 685,494 | - | 685,494 |
| Total liabilities | 1,204,866 | (7,119) | 1,197,747 |
| Total equity and liabilities | 2,278,400 | 22,224 | 2,300,624 |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
(°MFRS°) 134
A3. Auditors' Report for the Financial Year Ended 30 September 2025
The auditors' report on the financial statements for the financial year ended 30 September 2025 was not subject to any qualification.
A4. Seasonality or Cyclicality Factors
The Group's operations during the financial period under review were not materially affected by any seasonal or cyclical factors.
A5. Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flows
There were no unusual items that affected the assets, liabilities, equity, net income or cash flows of the Group for the current financial period under review.
A6. Material Changes in Estimates of Amounts
There were no changes in estimates that have had any material effect on the results for the current quarter and current financial period under review.
A7. Issues, Repurchases and Repayments of Debts and Equity Securities
There were no issuance, cancellation, repurchase, resale or repayment of debt and equity securities during the current financial period under review.
A8. Dividends
No dividend was paid during the current financial period under review.
[THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
(“MFRS”) 134
A9. Segmental Information
Segmental information of the Group's business segments is based on the internal reporting structure presented by the management of the Company.
The information by geographical location is not presented as the Group operates principally within Malaysia.
| Business Segment Analysis (RM'000) | Year-To-Date Ended 31 March 2026 | |||||||
|---|---|---|---|---|---|---|---|---|
| Property development | Construction | Healthcare | Education | Property investment | Investment holding and others | Adjustments/Eliminations | Total | |
| Revenue | ||||||||
| External revenue | 227,432 | 26 | 370 | 9,414 | 1,251 | 155 | - | 238,648 |
| Inter-segment revenue | 4,904 | 5,894 | - | - | - | 11,313 | (22,111) | - |
| Total revenue | 232,336 | 5,920 | 370 | 9,414 | 1,251 | 11,468 | (22,111) | 238,648 |
| Results | ||||||||
| Segment profit/(loss) | 50,082 | (28) | (1,676) | (3,410) | (5,667) | (3,980) | (663) | 34,658 |
| Depreciation | (3,267) | (81) | (148) | (1,143) | (95) | (687) | 170 | (5,251) |
| Finance income | 4,376 | 116 | 6 | 53 | 21 | 4,044 | (3,225) | 5,391 |
| Finance costs | (6,841) | (643) | (7) | (1,995) | (1,124) | (5,849) | 3,032 | (13,427) |
| 44,350 | (636) | (1,825) | (6,495) | (6,865) | (6,472) | (686) | 21,371 | |
| Share of results of associates | - | - | - | - | - | 138 | - | 138 |
| Profit/(Loss) before tax | 44,350 | (636) | (1,825) | (6,495) | (6,865) | (6,334) | (686) | 21,509 |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
(°MFRS°) 134
A9. Segmental Information (Cont'd)
| Business Segment Analysis (RM'000) | Year-To-Date Ended 31 March 2025 | |||||||
|---|---|---|---|---|---|---|---|---|
| Property development | Construction | Healthcare | Education | Property investment | Investment holding and others | Adjustments/Eliminations | Total | |
| Revenue | ||||||||
| External revenue | 276,442 | 61 | 322 | 6,795 | 613 | 77 | - | 284,310 |
| Inter-segment revenue | 8,830 | 104,817 | - | - | - | 13,521 | (127,168) | - |
| Total revenue | 285,272 | 104,878 | 322 | 6,795 | 613 | 13,598 | (127,168) | 284,310 |
| Results | ||||||||
| Segment profit/(loss) | 65,181 | 4,530 | (1,114) | (4,747) | (872) | (2,947) | (7,700) | 52,331 |
| Depreciation | (2,892) | (91) | (139) | (1,020) | - | (390) | 40 | (4,492) |
| Finance income | 1,899 | 311 | 10 | 15 | 2 | 3,644 | (2,938) | 2,943 |
| Finance costs | (10,120) | (475) | (9) | (830) | - | (4,339) | 2,150 | (13,623) |
| 54,068 | 4,275 | (1,252) | (6,582) | (870) | (4,032) | (8,448) | 37,159 | |
| Share of results of associates | - | - | - | - | - | 190 | - | 190 |
| Profit/(Loss) before tax | 54,068 | 4,275 | (1,252) | (6,582) | (870) | (3,842) | (8,448) | 37,349 |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD
(°MFRS°) 134
A10. Valuation of Investment Properties
The Group adopts the fair value model for its investment properties. There is no significant change in value of the said investment properties since the last audited financial position as at 30 September 2025.
A11. Material Events Subsequent to the End of the Financial Period
There was no material event subsequent to the end of the current quarter and up to the date of this report that has not been reflected in the interim financial statements.
A12. Changes in the Composition of the Group
There were no material changes in the composition of the Group during the financial period under review.
A13. Changes in Contingent Liabilities or Contingent Assets
There were no changes in contingent liabilities or contingent assets since the last audited financial position as at 30 September 2025.
A14. Significant Related Party Transactions
| Year To Date | |
|---|---|
| 31.03.2026 | |
| RM'000 | |
| Companies substantially owned by certain directors and/or their close family members | |
| Insurance cost paid/payable | 133 |
| Management fee received/receivable | 120 |
| Management fee paid/payable | 167 |
| Rental of premises paid/payable | 614 |
| Staff cost paid/payable | 535 |
| Associates | |
| Construction cost paid/payable | 69,297 |
| Interest income received/receivable | 535 |
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART B – EXPLANATORY NOTES PURSUANT TO PART A OF APPENDIX 9B OF THE MAIN MARKET
LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BHD
B1. Review of Performance
| Quarter Ended | Year To Date | |||||||
|---|---|---|---|---|---|---|---|---|
| 31.03.2026 | 31.03.2025 | Variance | 31.03.2026 | 31.03.2025 | Variance | |||
| RM'000 | RM'000 | RM'000 | % | RM'000 | RM'000 | RM'000 | % | |
| (Restated) | (Restated) | |||||||
| Revenue | 120,608 | 125,927 | (5,319) | (4%) | 238,648 | 284,310 | (45,662) | (16%) |
| Gross profit | 39,190 | 37,061 | 2,129 | 6% | 69,793 | 85,260 | (15,467) | (18%) |
| Profit before tax | 14,041 | 14,160 | (119) | (1%) | 21,509 | 37,349 | (15,840) | (42%) |
For the second quarter ended 31 March 2026 ("Q2 FY2026"), the Group reported revenue of RM120.61 million and profit before tax of RM14.04 million as compared to revenue of RM125.93 million and profit before tax of RM14.16 million in the previous year's corresponding quarter ended 31 March 2025 ("Q2 FY2025").
For the cumulative six months ("6M FY2026") period, the Group reported revenue of RM238.65 million and profit before tax of RM21.51 million as compared to revenue of RM284.31 million and profit before tax of RM37.35 million in the corresponding period last year ("6M FY2025").
The decrease in revenue for Q2 FY2026 and 6M FY2026 was mainly due to lower contributions from the property development division following the completion of Bangsar Hill Park Verdura and Sunsuria Forum Corporate Suites in the previous financial year, as well as the completion of Bangsar Hill Park Block A in November 2025. This was partially offset by higher progressive profit recognition from Bangsar Hill Park Talisa, Sunsuria Kejora Business Park - Semi D Industrial (Phase 1) and Sunsuria City The Chapter as sales and construction progressed. In addition, higher revenue was recorded from the education division driven by increased student enrolments at Concord College International School, as well as from the property investment division following the opening of Sunsuria Forum Mall in December 2025.
The decrease in profit before tax for Q2 FY2026 and 6M FY2026 was in line with the lower contributions from completed development projects. In addition, higher operating and marketing expenses were incurred for Sunsuria Forum Mall to increase footfall of the mall, coupled with higher finance costs during the current period.
B2. Material Changes in Profit Before Tax for the Current Quarter compared to the Immediate Preceding Quarter
| Current Quarter 31.03.2026 | Immediate Preceding Quarter 31.12.2025 | Variance | ||
|---|---|---|---|---|
| RM'000 | RM'000 | RM'000 | % | |
| Revenue | 120,608 | 118,040 | 2,568 | 2% |
| Gross profit | 39,190 | 30,603 | 8,587 | 28% |
| Profit before tax | 14,041 | 7,468 | 6,573 | 88% |
The Group recorded an increase in revenue of RM2.57 million compared to the immediate preceding quarter, primarily due to higher contributions from the property development division as higher progressive profit recognition from ongoing development project, namely Bangsar Hill Park Talisa. This offset the lower revenue contribution from the replacement homes under Bangsar Hill Park Block A, which were completed in November 2025 and handed over in January 2026.
The Group recorded an increase in profit before tax of RM6.57 million compared to the immediate preceding quarter, primarily attributable to higher gross profit margin from improved project mix.
16
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART B – EXPLANATORY NOTES PURSUANT TO PART A OF APPENDIX 9B OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BHD
B3. Prospects
The ongoing conflicts in the Middle East have contributed to rising inflationary pressures on construction materials and operational costs, and may affect overall business sentiment. The Group is closely monitoring these developments and will continue to implement appropriate measures, including phased project launches and attractive marketing strategies to align with market demand, ongoing cost optimisation initiatives and disciplined project execution to preserve margins.
In April 2026, the Group completed the acquisition of an additional 41% equity interest in KL City Gateway Sdn. Bhd., which undertakes a 9.66-acre integrated transit-oriented development strategically located within Kuala Lumpur city centre. The first phase of the development has an estimated gross development value ("GDV") of approximately RM2.75 billion. The project is expected to contribute positively to the Group's earnings over the medium to long term.
B4. Variance from Profit Forecast and Profit Guarantee
Not applicable as there were no profit forecast and profit guarantee published.
B5. Tax Expense
| Individual Quarter | Year To Date | |||
|---|---|---|---|---|
| 31.03.2026 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | RM'000 | RM'000 | |
| Current tax | ||||
| - current year | 7,898 | 827 | 9,137 | 7,785 |
| Deferred tax | ||||
| - origination and reversal of temporary differences | (1,610) | 2,722 | 1,349 | 5,568 |
| - over provision in prior years | - | - | - | (70) |
| 6,288 | 3,549 | 10,486 | 13,283 |
The effective tax rate of the Group for the current financial period was higher than the statutory tax rate of 24% mainly due to certain expenses not deductible for tax purposes and losses incurred by certain subsidiaries which were not available to set off against taxable profits in other companies within the Group.
B6. Corporate Proposals
There is no outstanding corporate proposal announced but not completed as at the date of this report, except for the following:
(a) On 10 December 2025, the Company entered into a conditional share sale and purchase agreement ("SSPA") for the proposed acquisition of additional 41% equity interest in KL City Gateway Sdn. Bhd. ("KLCG"), comprising 964,705 ordinary shares, for a total cash consideration of RM21.46 million ("Proposed Acquisition"). The Proposed Acquisition is subject to the approval of shareholders, relevant financiers and other relevant authorities and/or parties, and the fulfilment of the conditions precedent as stipulated in the SSPA. Upon completion of the SSPA, the Group will obtain control of KLCG in accordance with MFRS 10 Consolidated Financial Statements and KLCG will become a subsidiary of the Group.
On 31 March 2026, the Company obtained its shareholders' approval at an Extraordinary General Meeting, and the Proposed Acquisition was completed on 10 April 2026.
17
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART B – EXPLANATORY NOTES PURSUANT TO PART A OF APPENDIX 9B OF THE MAIN MARKET
LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BHD
B7. Group Borrowings
| | As at
31.03.2026
RM'000 | As at
30.09.2025
RM'000 |
| --- | --- | --- |
| Non-current | | |
| Secured long term borrowings | 526,644 | 477,090 |
| Unsecured Sukuk Wakalah | 29,895 | 29,861 |
| | 556,539 | 506,951 |
| Current | | |
| Secured short term borrowings | 142,086 | 132,888 |
| Unsecured Sukuk Wakalah | - | 105,989 |
| Unsecured Islamic Commercial Papers | 93,000 | - |
| | 235,086 | 238,877 |
| Total borrowings | 791,625 | 745,828 |
The Group's borrowings were denominated in Ringgit Malaysia. There were no borrowings in foreign currency during the financial period under review.
B8. Material Litigation
There was no material litigation against the Group as at the reporting date.
B9. Earnings Per Share ("EPS")
The basic EPS has been calculated by dividing the Group's net profit attributable to the ordinary equity holders of the Company by the weighted average number of ordinary shares in issue during the period.
| Individual Quarter | Year To Date | |||
|---|---|---|---|---|
| 31.03.2026 | ||||
| RM'000 | 31.03.2025 | |||
| RM'000 | ||||
| (Restated) | 31.03.2026 | |||
| RM'000 | 31.03.2025 | |||
| RM'000 | ||||
| (Restated) | ||||
| Profit attributable to Owners of the Company (RM'000) | 5,685 | 8,099 | 7,379 | 16,964 |
| Weighted average number of ordinary shares in issues ('000) | 895,917 | 895,917 | 895,917 | 895,917 |
| Basic EPS (sen) | 0.63 | 0.90 | 0.82 | 1.89 |
Diluted EPS is not presented for the financial period under review as the Group does not have any dilutive ordinary shares in issue.
18
SUNSURIA
BUILDING TODAY CREATING TOMORROW
SUNSURIA BERHAD
(Registration No.: 196801000641 (8235-K))
INTERIM FINANCIAL STATEMENTS FOR THE SECOND QUARTER ENDED 31 MARCH 2026
PART B – EXPLANATORY NOTES PURSUANT TO PART A OF APPENDIX 9B OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BHD
B10. Notes to the Statement of Comprehensive Income
| | Current Quarter
31.03.2026
RM'000 | Year To Date
31.03.2026
RM'000 |
| --- | --- | --- |
| Profit for the period is arrived at after charging: | | |
| Depreciation | (2,560) | (5,251) |
| Loss on liquidation of a subsidiary | - | (13) |
BY ORDER OF THE BOARD
Company Secretary
25 May 2026