Sime Darby faces RM150.18 million tax bill: Sime Darby stock gains 20.00 percent

Published on 10/14/2026 at 00:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sime Darby faces a RM150.18 million tax assessment dated October 13, 2026. Sime Darby stock gained 20.00 percent year to date on Bursa Malaysia.

Tax appeal and earnings pressure

Sime Darby disclosed RM150.18 million in tax assessments on October 13, 2026.
Fourth-quarter net profit fell 57.80 percent to RM322.00 million in fiscal 2026.
Market capitalization stood at MYR 16.77 billion, while year-to-date performance reached 20.00 percent.

Sime Darby, MYL4197OO009, Illustration mit AI erstellt.

Sime Darby faces a RM150.18 million tax assessment dated October 13, 2026, while Sime Darby stock had gained 20.00 percent year to date, according to KLSE Screener. The tax dispute adds a fresh legal and financial issue to a group that has just completed a difficult fiscal year.

Results, targets and tax appeal

On August 27, 2026, Sime Darby reported fourth-quarter revenue of RM16.71 billion and net profit of RM322.00 million for the three months ended June 30, 2026, according to KLSE Screener. On September 19, 2026, Fintel reported that the average one-year target had risen to RM2.82 from RM2.50.

What does the assessment change

Sime Darby Holdings received the tax notices on September 30, 2026, covering assessment years 2017 through 2023. The RM150.18 million amount includes penalties and relates to the Inland Revenue Board's classification of treasury interest income as taxable, according to KLSE Screener. The subsidiary has 30 days to appeal and plans to begin legal proceedings after consulting tax and legal advisers.

Annual earnings show the pressure

For fiscal 2026, net profit fell 14.50 percent to RM1.76 billion from RM2.06 billion, while annual revenue slipped 0.08 percent to RM69.47 billion from RM70.06 billion. The fourth-quarter profit decline was 57.80 percent year over year, partly because the comparable period included RM443.00 million from a Malaysia Vision Valley land-disposal gain, while impairments and provisions weighed on the latest quarter, according to KLSE Screener.

Market value and listing

Sime Darby had a market capitalization of MYR 16.77 billion on October 13, 2026. The company is listed on Bursa Malaysia and operates in the Industrials sector, with businesses spanning heavy equipment, automotive distribution and related services across Asia Pacific, according to Global Banking and Finance.