LHN says that this improvement is due to contributions from the space optimisation, property development, and facilities management businesses.
For the full year, revenue increased 8.6% y-o-y to $131.5 million. This was due to new revenue streams from the property development business and steady growth in the facilities management business.
LHN’s space optimization business saw revenue from industrial properties rising 3.5% y-o-y to $26.2 million due to increased rental income and lesser subleases classified as finance leases in FY2025. Revenue from residential properties decreased 10.2% y-o-y to $47.9 million due to non-recurrence of a one-time retrofitting income recorded in FY2024.
LHN recorded its first-ever revenue contribution from its property development business in FY2025 amounting to $14.1 million, from the successful sale of seven strata-titled units located within its nine-storey food factory situated at 55 Tuas South Avenue 1.
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For its facilities management business, revenue rose 5.9% y-o-y to $35.5 million from higher revenue from both cleaning and related services, and the carpark business.
Finally, its energy business recorded a 29.9% y-o-y increase in revenue for the full year to $2.1 million. This was driven by an increase in revenue from the solar energy business.
The board of directors of LHN has proposed a final dividend of 1 cent and a special dividend of 2 cents. Including the interim dividend of 1 cent declared in the first half of FY2025, the total dividend for FY2025 is 4 cents.
Shares in LHN Group closed flat at 67 cents on Nov 28.
