Sing Holdings Limited reported a profit attributable to shareholders of S$142.3 million for the year ended 31 Dec 2025, more than 14 times higher year-on-year, as the handover of units at its North Gaia executive condominium drove earnings.
The company did not disclose its full-year revenue figure but said turnover “saw a significant increase” on the back of North Gaia sales. Net asset value per share climbed 45 per cent to 114.78 Singapore cents. The board has proposed a final dividend of 1.0 Singapore cent a share and a special dividend of 4.0 cents a share, bringing the total cash payout to 5.0 cents, subject to shareholder approval at the upcoming annual general meeting. It also recommended a one-for-four bonus share issue, which will require a separate mandate.
Performance was led by the development segment. Revenue recognition from North Gaia, which reached a key construction milestone during the year, accounted for the bulk of top-line growth. Steady rental contributions from the Travelodge Docklands hotel in Melbourne provided additional income, although rental receipts moderated relative to the previous year. Sales of residual units in a completed industrial building fell, further tempering the overall increase.
No detailed pre-tax breakdown by business line was provided. However, management indicated that earnings momentum in the second half was particularly strong, with S$138.2 million of the full-year profit booked in the six months to December.
Looking ahead, Sing Holdings will turn its attention to a recently acquired pair of adjacent land parcels at Chuan Grove. The sites have secured in-principle amalgamation approval, paving the way for a 979,924 sq ft gross floor area project comprising more than 1,000 apartments and ancillary retail units. Construction is scheduled to start in 2H 2026. The group also plans to work with its operator to lift the performance of Travelodge Docklands.
Chief executive officer Lee Sze Hao said the FY2025 results reflected the group’s “strategy of creating premier living spaces” and noted that the proposed dividends and bonus issue are intended to reward shareholders for their “unwavering support”. He added that management will focus in the coming year on preparing the Chuan Grove launch while pursuing sustainable growth and long-term value creation.