Net profit attributable to shareholders at Wee Hur Holdings advanced 27 % year-on-year to S$68.4 million for the 12 months ended 31 Dec 2025, lifted by a sharp jump in carried-interest and management fees from its fund-management arm.
Earnings per share increased to 7.44 Singapore cents from 5.88 cents a year earlier. The board has proposed a final cash dividend of 1.0 cent a share, up from 0.8 cent the previous year, to be paid on 22 May 2026 to shareholders on record as of 8 May 2026. During FY25 the group had already distributed 0.5 cent in interim dividend and a 7.0 cent special dividend.
Group revenue expanded 47 % YoY to S$295.4 million. Segment contributions before tax were mixed: • Property development in Singapore generated S$9.6 million, while investment-property operations added S$24.9 million. • Workers’ dormitory operations produced S$2.8 million and Australian property activities a combined S$2.1 million. • The fund-management platform recorded S$33.4 million, reflecting a one-off carried-interest fee following the divestment of the PBSA portfolio held by Wee Hur PBSA Master Trust. • Building construction posted a pre-tax loss of S$5.5 million.
Cost of sales rose 36 % to S$159.7 million, but gross margin widened to 46.0 % as higher-margin management fees and dormitory rents gained share. Other operating income more than doubled to S$23.1 million, buoyed by S$11.3 million of interest income and a S$4.2 million gain on the disposal of discontinued operations. The group booked a S$49.4 million fair-value loss on investment properties, chiefly reflecting lease-tenure adjustments on its two purpose-built dormitories.
Looking ahead, Wee Hur said it will launch the 596-unit Upper Thomson residential project in 1H27 and is pressing on with the Wycombe Abbey School (Singapore), slated to open in 2028. The second workers’ dormitory, Pioneer Lodge, obtained TOP in 4Q25 and is expected to ramp occupancy through FY26. In Australia, the group will begin infrastructure works for its 358-lot Lowood subdivision in 1H26, pursue development approval for more than 2,000 lots at Cryna, and continue construction of the 708-bed Y Suites on Frome PBSA in Adelaide for completion in late 2027.
Management noted a supportive outlook: Singapore’s residential inventory remains limited, dormitory bed supply is tightening under new regulatory standards, and Australia’s structural housing shortfall underpins demand for both residential land and student accommodation. The group will also evaluate further PBSA and private-credit opportunities via its fund-management and alternative-investment platforms, targeting steady, fee-based income streams.