Bukit Sembawang (SGX:B61
) has posted earnings of $128.6 million for the FY2026 ended March 31, 13% higher y-o-y.
Despite the higher bottom line, revenue declined 37% y-o-y to $345.6 million in FY2026. The lower revenue was attributed to a drop in revenue contribution from its property development segment.
The segment saw a revenue decline of 38% y-o-y to $331.1 million, primarily driven by absence of revenue contributions from The Atelier and LIV@MB, given that these two projects obtained TOP back in May 2024 and last March respectively.
However, the revenue decline was partially mitigated by revenue contribution from new project, Pollen Collection II, and ongoing projects such as Pollen Collection and 8@BT.
Gross profit increased 25% y-o-y to $164.6 million, mainly due to higher profit recognised from development projects such as Pollen Collection, Pollen Collection II, 8@BT and Fraser Residence Orchard, Singapore.
Meanwhile, interest income dropped 72% y-o-y to just $4.0 million, due to lower fixed deposits placed with banks and interest rates.
See also: KSH has turned profitable for FY2026
As at March 31, cash and cash equivalents stood at $439.3 million and net asset value per share was at $6.45.
Bukit Sembawang has recommended a total dividend of 22 cents for FY2026, two cents higher compared to the total dividend of 20 cents back in FY2025.
The total dividend of 22 cents for FY2026 comprises an ordinary final dividend of four cents and a special dividend of 18 cents.
Shares of Bukit Sembawang closed 3 cents lower, or 0.62% down at $4.83 on May 21.
