Global Investments Limited (GIL) reported a net profit after tax of 18.8 million Singapore dollars for the year ended Dec 31, 2025, down 26.3% year-on-year, as a smaller uplift from fair-value gains on financial assets offset steady income from dividends and interest.

Earnings per share slipped to 1.14 Singapore cents from 1.57 cents a year earlier. The board has proposed a final dividend of 0.40 Singapore cent per share—unchanged from the prior year—subject to shareholder approval at the 2026 AGM. The dividend will be offered under the company’s Scrip Dividend Scheme.

Total income for FY2025 came in at S$23.1 million, compared with S$29.7 million in FY2024. Fair-value gains on financial assets at fair value through profit or loss (FVTPL) fell to S$10.7 million from S$15.9 million, while dividend income eased to S$2.4 million from S$2.9 million and interest income declined to S$10.0 million from S$10.8 million.

Expenses inched up to S$4.2 million from S$4.0 million, mainly on higher management fees of S$2.2 million, versus S$2.0 million a year earlier. As a result, return on equity moderated to 6.8% from 9.6% in 2024.

For the second half, GIL posted a net profit of S$16.5 million, up 33.1% YoY, supported by an S$11.8 million fair-value gain compared with S$7.6 million in the same period of 2024. The interim rebound helped lift net asset value per share to S$0.1682 at end-December after accounting for the FY2024 final dividend, the FY2025 interim dividend of 0.40 cent per share and share buy-backs. On a like-for-like basis, NAV per share would have been 17.72 cents, representing a 6.9% YoY increase.

GIL said the Scrip Dividend Scheme remains in place for the proposed final distribution, while it continues to deploy capital into a diversified portfolio aimed at generating income and capital appreciation. No explicit earnings guidance was provided.