Oxley Holdings Limited swung to a net profit of S$1.7 million for the six months ended 31 Dec 2025, up from S$0.3 million a year earlier, helped by higher margins on completed unit sales at Oxley Towers Kuala Lumpur City Centre (KLCC) and better hotel contributions, while interest expenses fell sharply.

The company did not disclose first-half revenue. Net operating cash inflow came to S$62.0 million, and net asset value stood at 19.76 Singapore cents a share at end-December. No dividend was announced.

Gross profit benefited from the handover of residential units at Oxley Towers KLCC and an average 96% occupancy across the group’s two Singapore hotels. Finance costs dropped to S$26.3 million from S$43.3 million, trimming the net gearing ratio to 1.34 times from 1.40 times.

The property developer continued to market remaining units at Oxley Towers KLCC, where both towers have obtained vacant possession, and reported that its London joint-venture project, Riverscape, is 91% sold. In Malaysia, Trinity Sensoria has reached 35% cumulative sales and remains on schedule for completion in 2028.

Management said it is prioritising sales progression, project completions and disciplined capital management. It is also assessing the timing for potential divestments of its investment properties and hotel portfolio, with proceeds earmarked for balance-sheet strengthening and future development spending.

Executive chairman and chief executive Ching Chiat Kwong noted that the return to profitability reflects the group’s focus on driving sales and reducing financing costs. He added that Oxley will stay prudent amid market uncertainties and will evaluate non-core asset sales to sustain cash flow and long-term shareholder value.