Sime Darby Property

Key Highlights for FY2024

Revenue

RM4,250.8

million

PBT

RM780.0

million

PATAMI

RM502.2

million

Sales Achieved

RM4,093.5

million

Total Equity

RM10,496.9

million

Net Assets per share Attributable to Owners of the Company

RM1.51

Net Debt-to-Equity
Ratio

24.3%

Segmental Highlights 12MFY2024

Property Development recorded a
Gross Profit of

RM1,407.6

million

Investment & Asset Management registered a
Gross Profit of

RM61.9

million

Leisure achieved a
Gross Profit of

RM45.8

million

Key Highlights for FY2023

Revenue

RM3,436.9

million

PBT

RM610.3

million

PATAMI

RM407.9

million

Sales Achieved

RM3,336.9

million

Total Equity

RM10,283.5

million

Net Assets per share Attributable to Owners of the Company

RM1.48

Net Debt-to-Equity
Ratio

22.7%

Segmental Highlights FY2023

Property Development recorded a
Gross Profit of

RM934.3

million

Investment & Asset Management registered a
Gross Profit of

RM46.8

million

Leisure achieved a
Gross Profit of

RM38.8

million

Key Highlights for FY2022

Revenue

RM2,742.1

million

PBT

RM458.9

million

PATAMI

RM315.8

million

Sales Achieved

RM3,663.3

million

Total Equity

RM9,644.8

million

Net Assets per share Attributable to Owners of the Company

RM1.40

Net Debt-to-Equity
Ratio

21.8%

Segmental Highlights for FY2022

Property Development recorded a
Gross Profit of

RM810.4

million

Investment & Asset Management registered a
Gross Profit of

RM57.1

million

Leisure achieved a
Gross Profit of

RM40.0

million

Key Highlights for FY2021

Revenue

RM2,219.9

million

PATAMI

RM136.9

million

Sales Achieved

RM2,950.0

million

Total Equity

RM9,326.5

million

Net Assets per share Attributable to Owners of the Company

RM1.34

Net Debt-to-Equity
Ratio

32.0%

Segmental Highlights for FY2021

Property Development recorded a
Gross Profit of

RM563.0

million

Investment & Asset Management registered a
Gross Profit of

RM21.7

million

Leisure achieved a
Gross Profit of

RM25.9

million

Key Highlights for FY2020

Revenue

RM2,062.8

million

LATAMI

RM478.8

million

Sales Achieved

RM1,981.0

million

Total Equity

RM9,289.5

million

Net Assets per share attributable to Owners of the Company

RM1.34

Gross Debt-to-Equity
Ratio

36.7%

Segmental Highlights for FY2020

Property Development recorded a
Gross Profit of

RM258.2

million

Investment & Asset Management registered a
Gross Profit of

RM14.0

million

Leisure achieved a
Gross Profit of

RM28.6

million

Key Highlights for FY2019

Revenue

RM3,180.0

million

PATAMI

RM598.5

million

Sales Achieved

RM3,135.7

million

Total Equity

RM9,950.0

million

Net Assets per share attributable to Owners of the Company

RM1.43

Gross Debt-to-Equity
ratio

33.1%

Segmental Highlights for FY2019

Property Development recorded a
Gross Profit of

RM732.9

million

Property Investment registered a
Gross Profit of

RM33.9

million

Leisure and Hospitality achieved a
Gross Profit of

RM33.3

million

(RM’thousand)	12 Months Dec-24 FY2024 (Unaudited)	12 Months Dec-23 FY2023	12 Months Dec-22 FY2022	12 Months Dec-21 FY2021	12 Months Dec-20 FY2020	12 Months Dec-19 FY2019	6 Months Dec-18 FP2018	12 Months Jun-18 FY2018
FINANCIAL RESULTS
Revenue	4,250,791	3,436,947	2,742,136	2,216,557	2,062,781	3,179,994	1,269,145	2,353,104
Profit/(Loss) before interest and taxation	737,789	570,312	450,237	272,719	(480,404)	567,339	(51,823)	682,516
Profit/(Loss) before taxation (PBT)	780,049	610,306	458,860	280,495	(474,804)	665,670	(38,146)	728,382
Profit/(Loss) after taxation	517,602	417,530	311,698	162,298	(535,547)	590,881	(311,179)	684,286
Non-controlling interests	15,399	9,616	(4,141)	15,405	(33,981)	(7,650)	7,521	44,278
Profit/(Loss) attributable to owners of the Company (PATAMI)	502,203	407,914	315,839	146,893	(501,566)	598,531	(318,700)	640,008
FINANCIAL POSITION
Share capital	6,800,839	6,800,839	6,800,839	6,800,839	6,800,839	6,800,839	6,800,839	6,800,839
Share premium and contribution from immediate holding company	-	-	-	-	-	-	-
Reserves	3,464,799	3,256,257	2,718,879	2,611,553	2,213,005	2,920,871	2,408,680	2,933,748
Shareholders’ Funds	10,265,638	10,057,096	9,519,718	9,412,392	9,013,844	9,721,710	9,209,519	9,734,587
Non-controlling interests	231,316	226,416	125,078	141,576	179,529	228,296	236,881	230,837
TOTAL EQUITY	10,496,954	10,283,512	9,644,796	9,553,968	9,193,373	9,950,006	9,446,400	9,965,424
Property, plant and equipment	575,676	593,345	586,343	615,247	626,178	636,284	640,445	735,159
Investment properties	2,085,208	1,201,105	1,085,200	987,286	709,030	745,785	644,206	605,961
Inventories	6,576,956	6,494,975	5,543,837	5,792,317	6,234,325	6,532,772	6,752,621	6,779,463
Joint ventures	2,757,758	3,135,789	2,885,238	3,300,352	2,476,101	2,805,001	2,574,020	2,223,949
Other non-current assets	1,916,244	1,956,687	2,107,517	2,158,874	2,155,066	2,150,586	2,187,493	2,130,691
Cash (including cash in Housing Development Accounts)	640,445	602,581	985,317	909,664	801,837	743,338	649,090	749,395
Other current assets	1,971,931	1,886,992	2,069,257	1,858,171	1,786,429	1,868,527	1,588,963	1,525,360
Assets held for sale		68,850	-	-	-	-	79,519	-
Total Assets	16,524,218	15,940,324	15,262,709	15,621,911	14,788,966	15,482,293	15,116,357	14,749,978
Total debts	3,188,590	2,939,456	3,083,441	3,898,348	3,409,406	3,295,999	3,273,037	2,542,352
Non-current liabilities (excl. total debts)	777,209	817,573	794,513	783,559	627,871	596,043	513,173	516,911
Current liabilities (excl. total debts)	2,061,465	1,899,783	1,739,959	1,386,036	1,558,316	1,640,245	1,883,747	1,725,291
Liabilities associated with assets held for sale	-	-	-	-	-	-	-	-
Total Liabilities	6,027,264	5,656,812	5,617,913	6,067,943	5,595,593	5,532,287	5,669,957	4,784,554
NET ASSETS	10,496,954	10,283,512	9,644,796	9,553,968	9,193,373	9,950,006	9,446,400	9,965,424
FINANCIAL RATIOS (%)
PBT margin	18.4	17.8	16.7	12.7	(23.0)	20.9	(3.0)	31.0
PATAMI margin	11.8	11.9	11.5	6.6	(24.3)	18.8	(25.1)	27.2
Return on average shareholders’ funds	4.9	4.2	3.3	1.6	(5.4)	6.3	(6.7)	8.0
Gross gearing ratio	30.4	28.6	32.0	40.8	37.1	33.1	34.6	25.5
Net gearing ratio	24.3	22.7	21.8	31.3	28.4	25.7	27.8	18.0
SHARE INFORMATION
Basic earnings/(loss) per share (sen)	7.4	6.0	4.6	2.2	(7.4)	8.8	(4.7)	11.1
Dividend per share (sen)	3.0	2.5	2.0	1.0	1.0	3.0	1.0	5.0
Net assets per share attributable to owners of the Company (RM)	1.51	1.48	1.40	1.38	1.33	1.43	1.35	1.43