First Sponsor Group Limited announced its voluntary interim update for the three months ended Sep, 30 2025, reporting operating income of €14.9 million from its European property portfolio, a 1.3 % increase year on year; excluding Le Méridien Frankfurt, which was affected by an 80-room refurbishment, portfolio income rose 6.3 % to €15.3 million.

Pre-sales for the Group’s mainland China residential projects remained subdued, yet management said the developments are largely completed and no longer impose material cash-flow pressure. In Australia, the first 241 units of the Sydney House Residences (39.9 % owned) were launched in late Sep 2025 with “satisfactory” uptake; the mixed-use project, now 59 % constructed, is scheduled for completion in 3Q 2027.

The company’s currency-hedging strategy, which matches euro, yuan and Australian-dollar assets with debts and derivatives, generated unrealised mark-to-market losses when these currencies strengthened against the Singapore dollar; however, translation gains on foreign-currency assets offset the impact on shareholders’ funds.

First Sponsor has refinanced all committed credit facilities maturing in 2025 and a significant portion of those due in 2026, citing a “sound” balance-sheet position. In its property-financing segment, the Group recovered the full outstanding principal of RMB191.1 million and RMB5.6 million in associated default and penalty interest on a previously defaulted loan, achieving an internal rate of return of 14.1 % since the loan’s inception.

Key capex projects remain on schedule: the 59-room Puccini Hotel Milan is set to open by early 2026, the Dreeftoren Amsterdam office tower targets completion in 2Q 2026 with its residential tower following in 4Q 2026, and the refurbished Palais Wing at Le Méridien Frankfurt reopened on Oct, 16 2025.