Ho Bee Land posted FY2025 net profit of SGD 102.4 million. Revenue fell 17% to SGD 440.1 million, driven by the deconsolidation of Elementum, lower rental income and lower settlements of development properties. Rental income declined 10% to SGD 239.9 million, while revenue from development property sales dropped 24% to SGD 200.1 million, mainly due to lower settlements for projects in Australia. For FY2025, Ho Bee Land recorded a fair value gain of SGD 3.7 million on its London investment properties and ended the year with net gearing of 0.61x. Total shareholders’ funds were SGD 3.8 billion, with net asset value of SGD 5.67 per share and earnings per share of 15.09 cents. The board proposed a final dividend of 5 cents per share. Management highlighted plans to grow its Australia development pipeline and proceed with major enhancement works at 1 St Martin’s Le Grand in London, alongside asset enhancement works at 67 Lombard Street.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ho Bee Land Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 4FON7PLKJR6Q1BOW) on February 24, 2026, and is solely responsible for the information contained therein.