S P Setia Berhad announce its financial results for Q2 FY2026 delivering sales of RM864 million, with domestic developments
contributing RM784 million representing 91% of the total sales, while international developments accounted for the remaining 9%. The Central and Southern regions remained the key contributors, making up approximately 99% of total domestic
development sales collectively.
Sales in the first half of FY2026 stood at RM1.42 billion, with domestic developments remained the main contributor to the Group’s sales, generating RM1.28 billion representing 90% of the total sales, followed by international developments with RM0.14 billion representing 10% of the total sales. The performance reflects continued sales activity amid a more challenging operating environment, with the expected lower contribution from land sale transactions.
The Group recorded revenue of RM822 million in Q2 FY2026 down from RM943 million registered in the same quarter last year, the revenue were mostly driven primarily by domestic development projects. For the first half of FY2026, Setia achieved revenue of RM1.65 billion and lower profit after tax of RM179 million compared to RM210 million achieved in 1HFY2025.
The Group saw a RM209 million reduction in borrowings, while net gearing remained stable at 0.31x and reflecting continued progress in its deleveraging strategy.
