Prime Highlights:

• Wing Tai’s net profit jumped 300% to $40.3 million for the half year ended 31 December 2025, driven by strong sales from River Green and The LakeGarden Residences.
• Revenue rose 140% to $270.2 million, reflecting solid demand in Singapore’s residential property market.

Key Facts:

• Revenue from development properties increased to $231.6 million, up from $64.3 million a year earlier.
• The group’s net gearing ratio improved to 0.14 times as at 31 December 2025, down from 0.29 times in June 2025.

Background:

Wing Tai Holdings reported higher earnings for the half year ended 31 December 2025, supported by strong sales from its River Green and The LakeGarden Residences projects.

In a financial statement released on Wednesday, the company said net profit attributable to shareholders rose to $40.3 million, up 300% from $10.1 million in the same period last year. Revenue for the six-month period climbed 140% to $270.2 million, reflecting progressive sales recognition from its Singapore-based developments.

The development properties segment was the main contributor, generating $231.6 million in revenue compared to $64.3 million a year earlier. Earnings per share attributable to ordinary shareholders rose to 5.28 cents.

Wing Tai’s share of profits from associated and joint venture companies rose to $38.5 million. The increase was supported by Uniqlo’s retail operations in Singapore and Malaysia. Operating profit for the period reached $24.8 million.

During the half year, the group recorded a gain of $5.0 million following the completion of the disposal of Jiaxin (Suzhou) Property Development Co., Ltd. on 10 December 2025.

The company improved its financial position during the period. Its net gearing ratio fell to 0.14 times as at 31 December 2025, compared to 0.29 times as at 30 June 2025. Net asset value per share rose to $3.91 from $3.73.

Despite the stronger results, the board recommended no dividend for the half-year.

URA data showed Singapore private home prices rose 3.3% in 2025, with 10,815 new units sold during the year.

The figures point to a stable housing market and steady performance by Wing Tai.

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