Hong Fok FY2025 profit before tax jumps 117% to SGD 34.0 million

Reuters
02/27
Hong Fok FY2025 profit before tax jumps 117% to SGD 34.0 million

Hong Fok posted FY 2025 revenue of SGD 98.3 million (-6%) and profit for the year of SGD 30.6 million (+116%), with profit attributable to shareholders of SGD 28.5 million (+20%). Profit before tax was SGD 34.0 million (+117%), supported by a gain on revaluation of investment properties of SGD 16.2 million (+37%), while net finance expense was SGD 25.9 million (-26%). Basic and diluted EPS for FY 2025 was 4.44 Singapore cents (FY 2024: 3.70 Singapore cents). The group proposed a first and final tax-exempt dividend of 1.0 Singapore cent per share. For 2H 2025, revenue was SGD 51.4 million (-14%) and profit for the period was SGD 25.7 million (up 124%). Hong Fok said the FY revenue decline was mainly due to lower sales of residential units at Concourse Skyline, partially offset by higher rental income from investment properties. It also highlighted the completion of its acquisition of five units in International Building, bought for SGD 27.8 million with about SGD 1.8 million of acquisition-related costs capitalised in investment properties, and noted that it remains cautiously optimistic on the 2026 hotel outlook for YOTEL Singapore Orchard Road while expecting Singapore office rentals to remain stable.

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. Hong Fok Corporation Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: TSQ3ZACQVIYKG6GN) on February 27, 2026, and is solely responsible for the information contained therein.

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