Sime Darby appeals RM150.18 million tax bill: what it means for Sime Darby stock

Published on 10/19/2026 at 02:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The appeal covers seven assessment years from 2017 to 2023. For Sime Darby stock, fiscal 2026 profit fell 14.5 percent to MYR 1.76 billion.

Tax appeal and earnings context

Sime Darby sought to challenge a MYR 150.18 million tax assessment on October 13, 2026.
Fourth-quarter revenue was MYR 16.71 billion for the three months ended June 30, 2026, while net profit was MYR 322 million.
Sime Darby had a MYR 16.2 billion market capitalization as of October 16, 2026.

Sime Darby, MYL4197OO009, Illustration mit AI erstellt.

Sime Darby (ISIN MYL4197OO009) said it would appeal a MYR 150.18 million tax assessment issued to its wholly owned subsidiary on October 13, 2026. The Edge Malaysia reported that the assessment covers the 2017 to 2023 assessment years and includes penalties.

Why the tax bill matters

According to The Edge Malaysia, Sime Darby Holdings received the assessment notices on September 30, 2026, after Malaysia's Inland Revenue Board classified treasury interest income as taxable. Sime Darby said it believed it had valid grounds to challenge the assessment and planned to begin legal proceedings.

The financial context is weaker than the headline tax amount alone suggests. For the three months ended June 30, 2026, quarterly revenue fell 5.9 percent year over year to MYR 16.71 billion, while net profit dropped 57.8 percent to MYR 322 million, according to The Edge Malaysia.

What does the earnings trend show

The quarterly decline included impairments, provisions and the absence of a MYR 443 million Malaysia Vision Valley land-disposal gain in the comparable period. Full-year fiscal 2026 net profit was MYR 1.76 billion, down 14.5 percent from MYR 2.06 billion in fiscal 2025, while revenue slipped 0.08 percent to MYR 69.47 billion from MYR 70.06 billion, The Edge Malaysia reported.

Three dates for investors

The chronology runs from the June 30, 2026 quarter, when revenue was MYR 16.71 billion, to the September 30, 2026 tax notices totaling MYR 150.18 million, and then to the October 13, 2026 appeal announcement, as reported by The Edge Malaysia.

The next scheduled dates are Sime Darby's annual general meeting on November 12, 2026, and its next earnings update on November 26, 2026, according to Simply Wall St.

Stock valuation and trading context

Sime Darby last traded at MYR 2.38 on October 16, 2026 at 4:52 p.m. MYT on Bursa Malaysia. The same quote showed a 52-week range of MYR 1.84 to MYR 2.68 and a market capitalization of MYR 16.2 billion. Sime Darby's Bursa Malaysia listing, ticker SIME.KL and ISIN were identified by Global Banking and Finance. The tax appeal and the next earnings date leave the assessment outcome and quarterly recovery as the clearest company-specific markers.