Straco Corporation posted a net profit attributable to shareholders of S$27.22 million for the year ended 31 Dec 2025, up 51.6 per cent year-on-year, as lower taxes more than offset a decline in operating earnings driven by weaker visitor traffic.

Earnings per share rose to 2.10 Singapore cents from 1.38 cents a year earlier. The board proposed a first-and-final cash dividend of 1.5 cent per share, down from the 2.0 cents (including a special 0.5-cent payout) distributed in the previous year. Payment and book-closure dates will be announced later.

Full-year revenue slipped 8.7 per cent to S$74.38 million, reflecting a 12.1 per cent fall in total visitation to 3.34 million across the group’s attractions. Segmentally, pre-tax profit from the aquarium division eased 3.7 per cent to S$24.68 million, while the Singapore Flyer and Time Capsule unit (Giant Observation Wheel) saw pre-tax earnings shrink 63.4 per cent to S$3.14 million. The “Others” segment, which houses the Xi’an cable-car operation, contributed S$1.28 million, down 50.3 per cent.

The decline in operating metrics was partly cushioned by a S$0.6 million write-back of impairment on investment property and a S$1.2 million foreign-exchange gain after the renminbi strengthened against the Singapore dollar. Staff costs and professional fees also fell as the group pared variable bonuses and legal expenses.

Capital expenditure totalled S$7.50 million, mainly for Phase 2 of the Time Capsule redevelopment at the Singapore Flyer. Net cash from operations came in at S$27.28 million, and Straco closed the year with S$186.0 million in cash and equivalents after fully repaying its temporary bridging loan and a S$1.5 million shareholder loan.

Looking ahead, management noted that Shanghai’s three-year tourism development plan and record 2025 inbound arrivals of 9.36 million visitors could support traffic at the flagship Shanghai Ocean Aquarium. In Singapore, the industry is expected to remain below pre-pandemic volumes in 2026 amid global uncertainty, China’s slow outbound recovery and currency strength. The group will press on with upgrading works at the Flyer, digital initiatives such as IoT smart monitoring, and content refreshes to sustain competitiveness.