First Sponsor Group Limited said on Jul, 15 2026 that it anticipates reporting a net loss for the six months ended Jun, 30 2026 after booking sizeable currency-related charges and an associate loss.

The property developer and investor attributed the projected shortfall mainly to three factors: 1. An unrealised mark-to-market loss of about 33.2 million Singapore dollars on financial derivatives as the Chinese yuan and Australian dollar strengthened against the Singapore dollar while the euro weakened. 2. A realised loss of roughly 10.7 million Singapore dollars from derivatives that matured during the period. 3. A share of loss of around 4.0 million euros (about 6.0 million Singapore dollars) from associated company NSI N.V. following fair-value adjustments and impairment of NSI’s investment properties.

Although the above items weigh on the income statement, First Sponsor noted that the same currency movements generated translation gains on its foreign-currency net assets, largely offsetting the impact on shareholders’ funds.

The group reported cash and undrawn committed facilities exceeding 270.0 million Singapore dollars as of Jun, 30 2026. It expects recurring net operating income from its property portfolio—bolstered by the February 2026 opening of Puccini Hotel Milan and recent Dutch hotel acquisitions—to cover all interest expenses.

First Sponsor plans to release its unaudited half-year results on or around Aug, 3 2026. The company advised investors to exercise caution when dealing in its securities until then.