Sim Leisure Group Ltd. posted a net profit of 43.6 million Malaysian ringgit for the year ended Dec 31 2025, up 20.5 per cent year-on-year, as a sizeable compensation payout more than offset weaker top-line growth and higher finance costs.

Earnings per share rose to 24.76 sen from 13.85 sen a year earlier. The board has proposed a final one-tier cash dividend of 0.04 sen per share, compared with 0.03 sen a year ago, with payment details to be announced later.

Group revenue contracted 17.7 per cent to 138.1 million ringgit, driven by a 37.8 per cent slide in Theme Attractions Construction sales to 55.6 million ringgit after the Six Flags Qiddiya project in Saudi Arabia reached 99.8 per cent completion. The Theme Park segment bucked the trend, adding 5.1 per cent to 82.5 million ringgit, helped by the full-year contribution from new ESCAPE Challenge parks in Johor Bahru and Putrajaya and higher visitorship at existing Malaysian sites.

By segment, pre-tax earnings came in at 21.6 million ringgit for Theme Parks (-3.9 per cent YoY), 1.6 million ringgit for Theme Attractions Construction (-95.6 per cent), while the “Others” division—which captured 44.4 million ringgit in compensation income linked to the early termination of the ESCAPE @ KL Base project—swung to a 37.4 million ringgit profit from a 4.4 million ringgit loss.

Cost of sales edged 6.4 per cent higher as final project cost adjustments and the start-up phase of the two new challenge parks outweighed efficiency gains at mature operations. Administrative expenses fell 8.5 per cent to 28.2 million ringgit, reflecting cost control at the construction units, though finance costs climbed 23.7 per cent to 5.4 million ringgit on higher lease-related interest.

Looking ahead, management signalled cautious optimism. Theme Parks are set to add new attractions—including Malaysia’s first mega swing next year and a three-acre Water World zone in 2027—while exploring an expansion of the ESCAPE and SIMall concepts into major Chinese cities through newly-incorporated Guangzhou Sim Leisure Amusement. The construction arm expects revenue momentum to pick up as theming works at Riyadh’s Al Nahda Entertainment Complex move into an accelerated phase in FY2026, and it continues to pursue additional regional contracts.

The group closed the year with a positive working-capital position of 84.2 million ringgit and cash and bank balances of 88.9 million ringgit, up from 47.3 million ringgit a year earlier, underpinning its capacity to fund expansion and the proposed dividend.