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“Sunway Construction posted a 56.4% rise in 1QFY2026 net profit to RM118.4 million and declared a 22.8 sen dividend. Its RM8.16 billion order book and growing data centre projects support future growth.”
Kuala Lumpur, 19th May 2026, 2.30pm – Sunway Construction Group Bhd (SunCon) delivered a strong start to its financial year ending Dec 31, 2026 (FY2026), reporting a substantial increase in first-quarter earnings driven by stronger contributions across its business segments, while rewarding shareholders with a total dividend payout of 22.8 sen per share.
For the quarter ended March 31, 2026 (1QFY2026), SunCon posted a net profit of RM118.41 million, representing a 56.4% increase from RM75.72 million recorded in the corresponding quarter last year. Earnings per share rose to 8.97 sen compared with 5.87 sen previously.
On a quarter-on-quarter basis, however, earnings remained largely stable against the RM118.39 million reported in the preceding quarter.
Revenue for the quarter came in at RM1.02 billion, down 27% from RM1.4 billion a year earlier. The decline was mainly attributed to lower construction revenue, which fell 30.6% to RM950.6 million. The comparable quarter in FY2025 benefited from accelerated construction progress on the Johor Bahru-Singapore Rapid Transit System (RTS) Link project and several data centre developments.
Dividend Distribution
SunCon declared a total dividend of 22.8 sen per share for the quarter, comprising a first interim dividend of 7.6 sen and a special dividend of 15.2 sen. The dividends are scheduled to be paid on June 25, 2026.
Order Book Remains Robust
As at March 31, 2026, SunCon’s outstanding order book stood at RM8.16 billion.
The group has set a contract replenishment target of RM6 billion for FY2026 and has already secured RM3.59 billion worth of new contracts during the first quarter, achieving more than half of its annual target within three months.
Cautiously Optimistic Outlook
Group managing director Liew Kok Wing said SunCon remains cautiously optimistic about its prospects for the remainder of the year, supported by a diversified portfolio of ongoing projects.
Nevertheless, he noted that geopolitical uncertainties, inflationary cost pressures and supply chain disruptions continue to pose challenges to the operating environment.
Data Centre Segment Driving Growth
SunCon’s advanced technology facilities division continued to gain momentum, securing three additional data centre projects during the quarter, including work for a new international hyperscale client.
As at end-March 2026, the group had successfully delivered more than 180MW of data centre capacity and was actively managing 10 ongoing projects for global technology companies.
The company said demand for data centre infrastructure remains strong, with the group continuing to participate in multiple tender exercises. Management expects the segment to remain a key contributor to future growth.
Strong Pipeline from Sunway Group
Beyond external projects, SunCon continues to benefit from a steady stream of in-house developments from its parent company, Sunway Bhd. These include hospitals, integrated developments, commercial properties and transit-oriented developments (TODs), providing recurring construction opportunities and long-term earnings visibility.
Share Performance
SunCon shares closed marginally lower at RM7.10 on Monday, down 0.28%, giving the group a market capitalisation of approximately RM9.4 billion.
Despite the slight decline, the stock has gained nearly 25% year-to-date, reflecting investor confidence in its earnings outlook and growing exposure to the data centre construction segment.
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