KUALA LUMPUR (Nov 21): Suria Capital Holdings Bhd (KL:SURIA) third-quarter earnings jumped nearly 20% on the back of higher recognition of revenue from its property development segment.
Net profit at the Sabah-based port operator was RM20.33 million in the quarter ended Sept 30, 2025 (3QFY2025), versus RM16.98 million a year earlier, according to an exchange filing.
Revenue for the quarter jumped 75% year-on-year to RM125.3 million.
The company declared an interim dividend of 1.50 sen per share, payable on Dec 26.
Suria Capital did note that its overall performance was partly weighed down by a remeasurement loss arising from a two-year delay in receiving RM174 million in in-kind consideration.
The port operator said its long-term outlook remains positive, underpinned by ongoing progress in its property development initiatives and steady contributions from its core port operations. The recognition of property development revenue under Joint Development Agreement 1 reflects continued advancement in the Jesselton Docklands waterfront redevelopment.
“The group remains positive on its long-term growth outlook, underpinned by the continued development of the property segment and the stable contribution from its core port operations,” said Suria Capital.
In terms of its growth prospects, Suria Capital said it expects its Jesselton Waterfront City projects to drive long-term value through phased commercial, hospitality and lifestyle developments. It is also betting on its port operations to be a key earnings drive despite low cargo throughput from the transfer of Sapangar Bay Container Port management, while ferry terminal operations benefit from a rebound in leisure travel.
The group also pinned a potential revenue stream from a 100-megawatt gas peaking plant in Kimanis, Sabah, after receiving a notification letter from the Energy Commission of Sabah.
At the time of writing on Friday, shares of Suria Capital were one sen or 0.64% lower at RM1.55, giving the group a market capitalisation of RM536.02 million.