Singapore Land posts 90% higher H1 net profit of S$211.7 million
Revenue is up 2% year on year at S$376.8 million
Singapore Land, the property developer, reported a staggering 90% increase in its first half net profit to S$211.7 million, ending June 30, 2025. This substantial jump was primarily driven by higher investment property fair-value gains and robust contributions from associates. The company's earnings per share soared to S$0.148, up from S$0.078 a year earlier.
The revenue, although up by just 2%, remained strong at S$376.8 million, a 2% increase from S$368.3 million in the previous year. This growth was fueled by an 8% surge in property investments to S$173 million and a 12% rise in technology operations revenue to S$72.9 million, thanks to increased government hardware sales. However, hotel operations revenue saw a 6% decline to S$129.6 million due to weaker performance at Singapore's Pan Pacific and Parkroyal Collection Marina Bay properties.
The company's share of results from associates jumped over 400% to S$48.1 million, primarily due to higher contributions from residential projects and increased stake in Novena Square. Net gearing ratio rose to 8.9% as of June 30, indicating increased debt levels. Despite the gains, SingLand's shares dipped 0.6% to S$3.45 following the earnings release.
The company remains optimistic about Singapore's property markets, predicting resilience in private residential and office markets while stable retail sector.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
