Suria Capital Holdings Berhad (SuriaGroup) reported RM46.07 million in revenue and RM15.48 million in profit before tax for the first quarter ended 31 March 2025 (1QFY25), down from RM73.83 million and RM19.75 million respectively in the same period last year.
The decline stems from the transition of Sapangar Bay Container Port (SBCP) operations to DPW Sabah Sdn. Bhd., a joint venture with DP World in which SuriaGroup holds a 49 pc stake.
As a result, SBCP’s financials are no longer fully consolidated into SuriaGroup’s accounts, but reflected via equity accounting.
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Other business segments remained stable. Property leasing and tourism-related operations showed steady contributions, while Phase 2 of the Jesselton Quay project and other high-value developments with BEDI Development continue to progress.
Looking ahead, SuriaGroup is engaging with the Sabah government on new port tariffs and concession extension talks and remains confident in delivering long-term value despite short-term recalibrations.