Wee Hur FY25 profit climbs 27% to 68.4 million Singapore dollars, proposes 1-cent final dividend

SGX Filings
02/27

Wee Hur Holdings Limited (E3B) said on Feb, 27 2026 that net profit attributable to shareholders for the year ended Dec, 31 2025 rose 26.6 % to 68.4 million Singapore dollars, supported by broad-based growth across its property, construction, workers’ dormitory and fund-management businesses.

Group revenue advanced 47.1 % to 295.4 million Singapore dollars, while adjusted net profit—which excludes other gains and losses and associate contributions—more than doubled to 105.5 million Singapore dollars.

The company attributed the stronger earnings to progressive revenue recognition from Singapore residential project Bartley Vue, improved construction activity, higher dormitory income and a one-off performance fee from the partial disposal of its Australian purpose-built student accommodation portfolio.

Wee Hur’s construction order book stood at about 672.5 million Singapore dollars as at Dec, 31 2025 and has since risen to roughly 935 million Singapore dollars after securing the Upper Thomson Road (Parcel A) development contract.

Recurring income from accommodation assets continued to expand. Tuas View Dormitory, with 15,744 beds, operated at a 95 % occupancy rate, while the new 10,500-bed Pioneer Lodge—granted its Temporary Occupation Permit in 4Q 2025—had a 67 % committed occupancy rate at year-end.

Revenue from fund management jumped to 41.8 million Singapore dollars from 5.5 million Singapore dollars a year earlier, buoyed by a carried-interest fee linked to the sale of units in Wee Hur PBSA Fund I.

Cash and bank balances totalled 250.8 million Singapore dollars. The group has a 500 million Singapore dollar medium-term note programme, of which 205 million Singapore dollars has been issued.

The board recommended a final tax-exempt dividend of 0.01 Singapore dollar per share, bringing total dividends for FY2025 to 0.015 Singapore dollar per share.

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