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The Assembly Place posts 6.4% increase in FY2025 earnings to $6.6 mil

Samantha Chiew
Samantha Chiew • 3 min read
The Assembly Place posts 6.4% increase in FY2025 earnings to $6.6 mil
TAP's Eugene Lim: "We expect the new properties being added in FY2026 to contribute positively to our revenue this year." Photo: Albert Chua/ The Edge Singapore
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Recently listed co-living operator The Assembly Place (TAP) announced that its FY2025 ended Dec 31, 2025, earnings have increased by 6.4% to $6.6 million from $6.2 million a year ago.

The one-off IPO expenses in FY2025 came up to about $1.1 million. Excluding that from the equation, FY2025 earnings would be 24.2% up at $7.7 million.

The earnings growth comes on the back of a 42.4% y-o-y increase in revenue to $27.0 million from $18.9 million. Both of the group’s core revenue contributors – community-driven stays and other property-related services – saw significant growth.

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