Hiap Hoe Limited reported a net profit of S$17.2 million for the six months ended Jun 30 2026, a 217.4% year-on-year (YoY) jump from S$5.4 million previously, lifted by higher investment gains, firmer hotel and rental income, lower finance costs and a foreign-exchange gain.

The mainboard-listed developer and hospitality group grew revenue 5.3% YoY to S$65.3 million. Basic earnings per share rose to 3.63 Singapore cents from 1.14 cents a year earlier. The board declared an interim cash dividend of 0.25 Singapore cent per ordinary share, unchanged from last year, with books closing on Aug 24 and payment slated for Sep 3 2026.

Pre-tax earnings improved across most businesses: • Other investments contributed S$22.1 million (1H 2025: S$11.5 million) on mark-to-market gains and higher interest income. • Rental operations delivered S$4.8 million (1H 2025: S$1.6 million), buoyed by higher occupancies. • Hotel operations posted S$5.6 million (1H 2025: S$3.1 million) as room demand picked up in Singapore, Australia and the UK. • The leisure division booked S$0.9 million (1H 2025: S$1.1 million), reflecting steady contributions from seven bowling centres.

An S$9.3 million fair-value gain on the group’s investment portfolio, a S$2.7 million rise in interest income and a S$5.3 million foreign-exchange gain offset a marginal 2.1% increase in other operating expenses to S$27.7 million. Finance costs fell 22.6% YoY to S$11.6 million after refinancing at lower rates.

Looking ahead, Hiap Hoe said it will focus on boosting rental yields and occupancy across its property portfolio while exercising prudence on capital expenditure and new investments. Management cautioned that operating costs in the hospitality segment remain elevated and that geopolitical uncertainty could weigh on business and investment performance, but added that the group has sufficient banking facilities and liquidity to meet its obligations.