First Sponsor Group Limited said on Jan, 14 2026 that it expects to report net losses for the six months ended Dec, 31 2025 and for the full year 2025, weighed down by mark-to-market losses on financial derivatives and foreign-exchange movements.

The property developer and investor anticipates unrealised mark-to-market losses of about 58.6 million Singapore dollars in 2H2025 and 56.1 million Singapore dollars for FY2025, stemming from the appreciation of the euro, Chinese yuan and Australian dollar against the Singapore dollar. Maturing hedges are also projected to generate foreign-exchange losses of roughly 21.4 million Singapore dollars in the half-year period and 20.0 million Singapore dollars for the full year.

Additional pressure comes from impairment provisions on certain development properties and fair-value losses on investment properties in mainland China, alongside share-of-loss contributions from Chinese associates and joint ventures facing similar impairments.

Despite the expected losses, First Sponsor said its balance sheet remains solid, with a net gearing ratio of about 0.56 times and more than 500 million Singapore dollars in cash and committed undrawn credit lines as of Dec, 31 2025. The company added that recurring net operating income from its property portfolio exceeds current interest expenses and should improve further once redevelopment projects in Milan and Amsterdam are completed during 2026.

Unaudited interim and full-year results are scheduled for release on or around Feb, 25 2026. The company advised investors to exercise caution when dealing in its securities.