For the shipping business, chartering income declined 15% y-o-y to US$27.6 million. The weaker performance was attributed to the fleet renewal programme, dry dockings off-hire, and extended off-hire following the collision involving MV Glengyle in April 2025.
Alternative investment manager Uni-Asia Group has reported net profit after tax of US$0.8 million for FY2025 ended Dec 31, a reversal from the US$28.2 million loss from FY2024. In a bourse filing on Feb 26, the company which focuses on real estate and shipping, attributes the better performance to the absence of significant non-cash fair value losses recognised in the prior year and positive investment returns during FY2025.
On the back of investment returns of US$5.9 million, total income more than doubled to US$49.9 million from FY2024’s US$24 million. The investment returns comprised realised gains from ship joint investment projects and the sale of investment properties and small residential property investments. Property rental income and fee-based income from asset management and administration fees continued to provide recurring contributions to total income.
