Hong Leong Asia Ltd. (HLA) posted attributable net profit of S$112.8 million for the year ended 31 December 2025, up 28.5 per cent year-on-year, as surging engine sales at its China-based Yuchai powertrain unit offset mixed conditions in building-materials operations.
Earnings per share rose in tandem to 15.08 Singapore cents from 11.74 cents a year earlier. The board proposed a final dividend of S$0.03 per share, bringing the full-year payout to S$0.05—25 per cent higher than in FY2024.
Group revenue advanced 22.0 per cent to S$5.18 billion. Yuchai contributed S$4.5 billion, a 26.3 per cent YoY increase, while Building Materials Unit (BMU) in Singapore and Malaysia generated S$682.7 million. Segment profit after tax climbed 62.9 per cent to S$145.9 million at Yuchai, buoyed by a 29.4 per cent rise in powertrain shipments to 461,309 units and a richer mix of heavy-duty and high-horsepower engines. BMU’s segment profit edged up 4.9 per cent to S$90.5 million as stronger precast demand and improved pricing in Malaysia helped counter earlier capacity constraints in ready-mixed concrete.
The powertrain division outpaced China’s broader commercial-vehicle market: truck engine sales surged 50.7 per cent compared with the industry’s 5.9 per cent growth, while bus engine sales jumped 42.8 per cent against a 4.5 per cent market increase. Off-road engine volumes grew 13.0 per cent, supported by marine and genset applications.
Within building materials, Singapore’s precast volumes tracked rising public- and private-sector construction, helping offset lower first-half ready-mix deliveries caused by plant adjustments. In Malaysia, the Tasek unit benefited from firmer cement prices, reduced energy costs and higher concrete volumes stemming from expansion in Johor.
HLA cautioned that volatile input costs and supply-chain disruptions may persist but said it remains focused on strengthening order books, enhancing operational efficiencies and curbing costs.
Strategically, Yuchai is stepping up research and development to widen its portfolio of advanced engines for data-centre, truck and bus applications, while deepening partnerships with global industrial players to expand market access. BMU plans additional batching plants, further automation and a larger mixer-truck fleet in Singapore, and Tasek intends to raise the use of alternative raw materials and fuels as it scales production for Malaysian infrastructure and the Johor-Singapore Special Economic Zone.
Barring unforeseen circumstances, the group expects to deliver “satisfactory” results in 2026, supported by sustained construction demand in Singapore and Malaysia and continuing momentum at Yuchai despite a mixed domestic outlook in China.