Wee Hur posts FY2025 revenue of SGD 295.4 million (+47%)

Reuters
02/27
Wee Hur posts FY2025 revenue of SGD 295.4 million (+47%)

Wee Hur reported FY2025 revenue of SGD 295.4 million (+47%) and gross profit of SGD 135.7 million (+63%), according to its unaudited results for the year ended 31 December 2025. Profit before tax was SGD 65.7 million (+3%), while total profit for FY2025 was SGD 66.7 million (+17%). Basic and diluted EPS for FY2025 was 7.44 cents (+27%). For 2H2025, revenue was SGD 139.5 million (+52%) and total profit was SGD 23.6 million (from a loss in 2H2024). Wee Hur ended FY2025 with cash and bank balances of SGD 250.8 million, total assets of SGD 1.2 billion and total borrowings and lease liabilities of SGD 389.7 million. Net asset value per share was SGD 0.71. By segment, FY2025 revenue included workers’ dormitory rental income of SGD 92.8 million (+10%), property development revenue of SGD 82.9 million (+83%), building construction revenue of SGD 75.9 million (+20%), and fund management revenue of SGD 41.8 million (up significantly, driven by a one-time carried interest fee recognised upon the disposal of units in its PBSA portfolio under Fund I). The group recorded a fair value loss on investment properties of SGD 49.4 million (+32%), mainly from valuation adjustments on its two purpose-built dormitories due to lease decay. On corporate and business updates, Wee Hur highlighted that its Bartley Vue residential project achieved a 100% sales rate and reached 84.9% completion during FY2025, while Mega@Woodlands achieved a 99% sales rate. It also noted its award of the Upper Thomson GLS development (Parcel A) with a 50% stake, expected to launch in 1H2027 and complete by 1H2031. In workers’ dormitories, Tuas View Dormitory (15,744 beds) was at 95% occupancy as at 31 December 2025, while Pioneer Lodge (10,500 beds) obtained TOP in Q4 2025 and had committed leases supporting 67% occupancy, with ramp-up expected in FY2026. Wee Hur also said it established a SGD 500 million multicurrency medium-term note programme and issued medium-term notes due 4 November 2030, and reported a construction order book of about SGD 672.5 million with visibility to FY2029.

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. Wee Hur Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: OCOWFGPWE9MK2GRG) on February 27, 2026, and is solely responsible for the information contained therein.

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