Ho Bee Land posts 50% fall in H2 net profit to S$50.4 million
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Ho Bee Land reported a 50% decline in H2 net profit to S$50.4 million for the financial year ended Dec 31, 2025, down from S$100.7 million the previous year. Revenue fell 12% to S$262.3 million. The decline was attributed to the deconsolidation of Elementum, decreased rental income, and lower property settlements. The board recommended a final dividend of S$0.05 per share, up from S$0.04. Cash reserves increased to S$228.7 million. The company plans to enhance its development pipeline and undertake major works at its London properties. Shares rose 0.8% to S$2.50.
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