S P Setia Posts Resilient Q2 FY2026 Results

KUALA LUMPUR, Aug 20 — S P Setia Berhad reported resilient financial results for Q2 FY2026, underscoring its commitment to sustainable long-term value creation. The Group achieved sales of RM864 million, with domestic developments contributing RM784 million (91%) and international projects accounting for 9%. Central and Southern regions remained the main drivers, collectively making up 99% of domestic sales.

For the first half of FY2026, total sales stood at RM1.42 billion, with domestic developments generating RM1.28 billion (90%) and international developments RM0.14 billion (10%). Revenue for Q2 was RM822 million, while first-half revenue reached RM1.65 billion with Profit before Tax (PBT) of RM298 million. The Group reduced borrowings by RM209 million, maintaining a stable net gearing ratio of 0.31x.

S P Setia

President & CEO Datuk Zaini Yusoff said the results reflected resilience through steady sales, disciplined cost management, and deleveraging. He highlighted Setia’s diversified portfolio, strategic landbank, and focus on catalytic townships and eco-industrial parks as foundations for long-term growth.

In June 2026, Setia broke ground on the 509-acre Setia Fontaines Industrial Park in Bertam, Penang, targeting advanced manufacturing and high-tech industries. The Group signed a Memorandum of Collaboration with NCIA to explore renewable energy supply under CRESS, enhancing ESG credentials. It also inked a Memorandum of Agreement with LPNPP to build 640 affordable homes, complementing the township’s workforce housing.

Internationally, Setia Edenia in EcoXuan, Ho Chi Minh City, remains on track for completion in 2027. With a balanced portfolio spanning townships, industrial parks, and overseas projects, Setia continues evolving into an integrated real estate platform, strengthening earnings quality and resilience across cycles.

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