Sime Darby Property Introduces SHIFT32 Seven-Year Blueprint to Support Long-Term Expansion
PETALING JAYA, Feb 27 — Malaysian developer Sime Darby Property Berhad has launched a new strategic framework known as SHIFT32, outlining the company’s growth direction over the next seven years.
Group managing director and chief executive officer Datuk Seri Azmir Merican said the initiative succeeds the previous SHIFT25 strategy and is designed to align with the longer lifecycle of property developments.
He explained that real estate projects require extended timelines before delivering financial returns, making a longer strategic horizon necessary.
The SHIFT32 plan will also focus on expanding recurring income assets, which typically take years to mature and contribute significantly to earnings.
More details on the strategy will be announced in the future.
The announcement was made during a media briefing on Sime Darby Property’s financial results for the year ended December 31, 2025.
For the fourth quarter, the company reported net profit of RM87.56 million, slightly lower than RM88.41 million recorded a year earlier.
However, revenue increased to RM1.04 billion compared with RM977 million previously.
For the full financial year, net profit rose three percent to RM517.7 million.
Annual revenue stood at RM4.18 billion compared with RM4.25 billion in the previous year.
The company also declared a second interim dividend of 1.70 sen per share, bringing total dividend payments for the year to 3.20 sen per share, amounting to RM217.6 million.
Azmir said the company faced higher operating costs during the year, including increases in labour expenses and tax-related costs.
Changes in electricity tariffs also contributed to higher operational spending.
Although the stronger ringgit helped reduce import costs, global material price volatility remained a key challenge.
He said effective cost control measures are essential to maintain financial stability.
Looking ahead, Sime Darby Property expects to sustain its growth momentum.
However, the company will remain cautious due to global uncertainties, including geopolitical tensions and fluctuating construction costs.
These factors are expected to continue influencing the property sector in the coming years.
-wilayah.com.my
