As at end-2025, Haw Par held $4.42 billion in assets against $126.8 million in liabilities, with net asset value of $19.38 per share. It held nearly $791 million in cash, which was around $45 million more than end-2024.
Tiger Balm owner and manufacturer Haw Par Corporation reported a y-o-y increase of 16.3% in net profit to $265.5 million on the back of a 27% y-o-y leap in dividend income to $189 million for FY2025 ended Dec 31. Revenue from core operations (healthcare, leisure and property) declined y-o-y by 6.1% to around $230 million, with gross profit declining 4% to $ 128.8 million.
Other income — comprising dividend income, interest income and miscellaneous income — rose 17.3% to $211.3 million. A 16% y-o-y decrease in distribution and marketing expenses to $44.3 million also contributed to the stronger performance for FY2025.
