S P Setia Bhd. · MYX:SPSETIA
S P Setia Bhd — FY2025 Earnings Presentation
32 slides from S P Setia Bhd's earnings presentation, Feb 27, 2026
Slide 1: FY2025 Financial Results & Group Update
Bandar Setia Alam FY2025 Financial Results & Group Update 27 February 2026
Slide 2: Solid Q4, Closed FY2025 on a High Note, Surpassed Sales Target
SOLID Q4, CLOSED FY2025 ON A HIGH NOTE, SURPASSED SALES TARGET SALES REVENUE 5,114 • Sales: Grew 2% YoY, 1,631 5,020 4,496 surpassing full-year 2% 4,089 Revenue in Q4’25 doubled YoY, driven 10% target by 6% by sustained demand and higher 53% RM’mil RM’mil 873 unbilled sales. • Unbilled Sales: Up 10%
Slide 3: Financial Results Q4 / FY2025
Launches 2025 (GDV) FINANCIAL RESULTS Q4 / FY2025
Slide 4: FY2025 Key Financial Highlight
FY2025 KEY FINANCIAL HIGHLIGHT FY2025 sales remained resilient with modest growth, supported by steady progress billings, while disciplined deleveraging reduced borrowings and improved net gearing to 0.33x. SALES REVENUE PBT RM 5,114 mil RM 4,218 mil RM 969 mil (YTD Q4’24 : RM5,020mil) (YTD Q4’24 :
Slide 5: Q4 / FY2025 Sales Performance
Q4 / FY2025 SALES PERFORMANCE The growth in 2025 was mainly driven by contribution from strategic land transactions, with steady delivery of Property Development segment. Sales Breakdown by Geography Sales (RM'mil) Unbilled Sales (RM'mil) (RM'mil) 743 4,496 5,020 5,114 888 980 1,359 75 Sales YTD Q4
Slide 6: FY2025 Unbilled Sales
FY2025 UNBILLED SALES Providing Property Development revenue visibility in the short to Q4 2025 medium term. 856 32 120 Unbilled Sales Central 4,496 mil Southern Q4 2024 RM Northern Vietnam as at 31 December 2025 541 Australia +10% 2,947 Unbilled Sales Q4’24 vs Q4’25 RM 4,089 mil as at 31 December 2
Slide 7: Q4 / FY2025 Revenue Performance
Q4 / FY2025 REVENUE PERFORMANCE • FY2025 revenue reflects consistent performance anchored by strategic land sales and development projects. • FY2024 revenue were higher than FY2025 due to major land transactions (Senibong & Glengowrie) and contribution from Australia and Vietnam following substantia
Slide 8: FY2025 PBT Performance
FY2025 PBT PERFORMANCE • Q4 2025 PBT surged to RM471 million, driven by the higher margin land sales, higher cost savings from account finalization and fair value gains on investment properties. • Reported FY2025 PBT of RM969 million includes the recognition of the land transaction, and cost savings
Slide 9: FY2025 Net Gearing
FY2025 NET GEARING Debt reduction ~RM5 bil since peak 2021 level – net gearing expected to be maintained within the 0.30x-0.40x range. ~RM13 bil peak debt in July’21 14 0.61 ~RM5 bil 0.65 debt reduction 12 0.47 0.49 in 4 years 0.55 10 0.45 Borrowing (RM'bil) Net Gearing (ratio) 0.35 0.33 8 0.35 6 12
Slide 10: Land Banks
Launches 2025 (GDV) LAND BANKS FY2025
Slide 11: FY2025 Land Banks
FY2025 LAND BANKS We have 4,302 acres of remaining land banks with a total gross GDV of RM106 bil as at 31 December 2025: Eastern International 44 acres 49 acres (GDV: RM344bil) 49 (GDV: RM32 bil) Northern 42 On-going 1,182 acres1,182 (GDV: RM8 bil) 4,302 acres Projects Central RM 106bil 2,302 acres
Slide 12: Projects Launches FY2025 – FY2026
Launches 2025 (GDV) PROJECTS LAUNCHES FY2025 – FY2026
Slide 13: Projects Launches 2025 & 2026
Launches 2025 (GDV) PROJECTS LAUNCHES 2025 & 2026 38 projects were launched in 2025 with total GDV of RM5.1 billion: Category No. of Projects GDV (RM’mil) Residential 29 4,068 Commercial 8 778 Industrial 1 293 Total 38 5,139 RM5.36 2026 PLANNED LAUNCHES 50 PROJECTS billion
Slide 14: Central - Setia Eco Park Phase 22B Kingfisher
Launches 2025 CENTRAL - SETIA (GDV) ECO PARK-PHASE 22B KINGFISHER Total Units 21 Bungalow Units Total GDV RM93.47 mil
Slide 15: Southern 2025 - Nusajaya Corridor
Launches SOUTHERN -2025 (GDV) NUSAJAYA CORRIDOR
Slide 16: Southern 2025 - JB Corridor
Launches SOUTHERN -2025 (GDV) JB CORRIDOR
Slide 17: 2026 Moving Forward: Target & Initiatives
Launches 2025 (GDV) 2026 MOVING FORWARD TARGET & INITIATIVES
Slide 18: 2026 Sales Target & Key Portfolio
2026 SALES TARGET & KEY PORTFOLIO RESIDENTIAL / COMMERCIAL INDUSTRIAL • Domestic 50 new projects RM4.6 BIL • Setia Fontaines • Johor (in discussion) • Vietnam 2026 • Vietnam (in discussion) • Australia SALES TARGET POTENTIAL
Slide 19: Property Development Updates
Launches 2025 (GDV) PROPERTY DEVELOPMENT UPDATES 1. AUSTRALIA - ATLAS, LA TROBE ST 2. VIETNAM - SETIA EDENIA / ECO XUAN
Slide 20: Australia – Atlas, La Trobe St
Launches AUSTRALIA –2025 ATLAS,(GDV) LA TROBE ST Target / Plan Status Update Number of 873 511 (59%) available unit AUD190 mil (over- 2025 Sales AUD113 mil achieved by 68%)
Slide 21: Vietnam - Setia Edenia / Eco Xuan
Launches 2025 VIETNAM - SETIA (GDV) EDENIA / ECO XUAN TOTAL GDV FOR TOWER A, B & C AT USD81 MIL / RM381 MILLION Phase 1 (Tower A & B) ▪ Official Launch : 13 Dec 2025 o Units: 625 o GDV: RM302 mil o Land area : 8,629 sqm ▪ Status Update: Construction ongoing ▪ Target Completion: 2027 Phase 2 (Tower C
Slide 22: Industrial Updates: Setia Fontaines
Launches 2025 (GDV) INDUSTRIAL UPDATES SETIA FONTAINES
Slide 23: Penang - Setia Fontaines Target Occupiers
Launches 2025 PENANG SETIA FONTAINES, (GDV) TARGET OCCUPIERS
Slide 24: Penang - Setia Fontaines Potential Tenant Typologies
Launches 2025 PENANG SETIA FONTAINES, (GDV) POTENTIAL TENANT TYPOLOGIES : Tier-2 and Tier-3 anchors stabilise local industrial ecosystems by aggregating SME demand, subcontracting activity, and industrial services.
Slide 25: Setia REIT
Launches 2025 (GDV) SETIA REIT
Slide 26: Proposed Potential Assets, Target REIT Listing Q1 2027
Launches 2025 (GDV) PROPOSED POTENTIAL ASSETS TARGET REIT LISTING IN Q1 2027
Slide 27: Strategic Roadmap
Launches 2025 (GDV) STRATEGIC ROADMAP
Slide 28: Setia Integrated Real Estate Player
Launches 2025 (GDV) SETIA INTEGRATED REAL ESTATE PLAYER 70% ~ 80% STRATEGIC LAND BANKS 20% ~ 30% Property Development 4,302 acres Build Investment Properties • REIT pipeline (include industrial, student • Sales of Residential/Commercial products (~40%) accommodation) • Sales of Industrial products (
Slide 29: Strategic Pillars 2026 - 2030
Launches 2025 (GDV) STRATEGIC PILLARS 2026 - 2030 Business Focus Enablers Accelerating Industrial Empowering Amplifying Development Growth Team Setia Setia Brand Driving International Recurring Leading ESG Innovation Growth Income (REIT) & Sustainability & Digitalization
Slide 30: Team
Team TO PUT The Edge TEPEA award pics 30
Slide 31: Thank You
Thank You 31 12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor, Malaysia [email protected] +603 5021 2525
Slide 32: Disclaimer
Disclaimer This presentation contains certain statements which are forward-looking in nature, which are subject to uncertainties and contingencies. Forward-looking statements may contain estimates and assumptions made by Setia’s Management after due inquiry, which are nevertheless subject to known a