Ho Bee Land's stock price plunged 6.00% during intraday trading on Wednesday, following the release of the company's full-year financial results for 2025.

The sharp decline came after the real estate group reported a 6.7% year-on-year drop in net profit to S$102.4 million. Revenue contracted by 17% to S$440.1 million, driven by a 10% decline in rental income and a 24% fall in development property sales. Earnings per share also decreased to 15.09 cents from 16.50 cents a year earlier.

Management attributed the softer performance to the reclassification of the Elementum asset, planned vacancies at a London property ahead of refurbishment, and fewer property settlements in Australia. While the group noted improved net gearing and a fair-value gain on London properties, the overall weaker financial metrics appear to have triggered the sell-off in the stock.