GSH reported FY2025 revenue of SGD 130.3 million (+4.0%), with gross profit of SGD 57.8 million (+8.0%). The group posted a FY2025 net loss after tax of SGD 25.3 million, and a net loss attributable to shareholders of SGD 17.7 million. For 2H2025, revenue was SGD 63.4 million (+6.0%), operating result was a loss of SGD 7.2 million, and net loss after tax was SGD 19.4 million. As at 31 December 2025, GSH had total assets of SGD 1.2 billion and total equity of SGD 594.8 million; net asset value per share was 19.32 Singapore cents (+8.0%). Total loans and borrowings were SGD 401.8 million, and the net debt-to-equity ratio was 0.62 (from 0.98). The company declared a tax-exempt final dividend of 0.0666 cents per share (payable date and books closure to be announced, subject to shareholders’ approval). Management said FY2025 hospitality revenue rose to SGD 72.3 million from continued recovery in Malaysia and incremental contribution from PRC, while property revenue increased to SGD 58.1 million mainly due to higher sales from Eaton Residences. The group also recorded a non-cash write-down of development properties in Chongqing, and completed the sale of an investment property in Dubai for AED 14.5 million (about SGD 5.3 million). Looking ahead, GSH expects Malaysia tourism demand to remain resilient, supported by visa facilitation measures and the Visit Malaysia 2026 campaign, while noting selective conditions in Malaysia property and continued uncertainty in China’s property market.

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. GSH Corporation Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 3ABLI9IOG9WEZKZB) on February 25, 2026, and is solely responsible for the information contained therein.