Alset International (Alset) reported FY2025 revenue of SGD 0.3 million, down 99% year on year, reflecting no sales of lots from the Black Oak project during the year; revenue was mainly from rental income and food and beverage. FY2025 net loss was SGD 18.4 million, up 3% year on year, while loss attributable to owners was SGD 18.4 million and basic loss per share from continuing operations was 0.53 Singapore cents. Administrative expenses rose 64% to SGD 11.9 million, and cash and cash equivalents ended FY2025 at SGD 21.6 million. In its outlook, Alset said it is finalising remaining lot development and construction activity at Lakes at Black Oak, is working toward executing contract-build agreements with Davidson Homes for four previously reserved model-home lots in Q1 2026 (with construction expected to start in Q2 2026), and expects final development approvals for a new Section 5 (seven to ten lots) in Q1 2026 with final plat approval extended to Q2 2026. The group also said it acquired a café in Singapore on 10 September 2025 and continues to participate in the food and beverage sector mainly via its associate stake in HWH International Inc. (Nasdaq: HWH), while remaining open to selective F&B opportunities and further investments in listed shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alset International Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LL17TACNQ3LCBUID) on February 26, 2026, and is solely responsible for the information contained therein.