Tuan Sing (SGX:T24
) has reported net profit attributable to shareholders of $32.1 million in FY2025 ended Dec 31, 2025.
The significant jump in net profit attributable to shareholders was due to the $51.2 million in value uplift across its Singapore and Australian portfolio.
The value uplift came from the completion of enhancement works at Dunearn Village in Singapore and revaluation of its Melbourne property at 121-131 Collins Street, which houses the 550-room Grand Hyatt Melbourne.
Earnings per share for FY2025 was 2.58 cents, as compared to 0.19 cents for FY2024.
However, revenue in FY2025 decreased by 24% y-o-y to $146.0 million, largely due to lower revenue contribution from real estate development and real estate investment segments, while partly offset by higher revenue from hospitality segment.
Tuan Sing’s total adjusted earnings before interest and tax (EBIT) were higher by 11% y-o-y to $45.3 million, driven by real estate development, hospitality and other investments segment, partially offset by lower adjusted EBIT from real estate investment segment.
See also: OUE slightly trims net loss to $279.1 mil; maintains final dividend at 1 cent per share
Tuan Sing’s board of directors has proposed an unchanged final dividend of 0.7 cents per share. The scrip dividend scheme will be applicable to this proposed dividend.
“The Group will stay focused on disciplined execution, strengthening recurring income streams, and pursuing value-accretive opportunities while maintaining a prudent balance sheet,” says William Liem, CEO of Tuan Sing.
Shares in Tuan Sing closed 1 cent higher, or 2.82% up, at 36.5 cents on Feb 27.
