Far East Orchard Limited announced on Nov, 06 2025 that it recorded profit after tax of 37.2 million Singapore dollars for the nine months ended Sep, 30 2025, more than doubling the 18.0 million Singapore dollars achieved a year earlier.
The result was supported by one-off gains totalling 24.9 million Singapore dollars, comprising 9.1 million Singapore dollars from the acquisition of an additional 6.7% interest in Woodlands Square Pte. Ltd. and a 15.8 million Singapore dollars re-measurement gain on its previously held 49% stake in Homes for Students (HFS). Excluding these items, profit after tax would have been 12.3 million Singapore dollars.
Group revenue slipped 4.2% year on year to 134.2 million Singapore dollars, while operating profit fell 8.9% to 42.9 million Singapore dollars. The hospitality segment was weighed down by refurbishment works at Rendezvous Hotel Perth Scarborough and lower contributions from Australia and Europe joint ventures.
On Sep, 30 2025 the company completed the second-phase acquisition of HFS, raising its ownership from 49% to 84% and making the UK purpose-built student accommodation operator a subsidiary. HFS now manages over 55,000 beds across the UK and Ireland.
Far East Orchard said property development earnings improved on a higher contribution from Woods Square, where its interest rose from 33% to 40%. The group expects operating conditions to remain challenging amid uneven global growth and continued refurbishment activity in its hotel portfolio.