Metro Holdings recorded a loss after tax of $203.1 million for FY2026 ended Mar 31, compared to a loss after tax of S$224.7 million for the corresponding period a year ago.
Revenue for FY2026 fell 6.6% to $97.7 million, due mainly to lower sales of property rights from residential developments in Bekasi and Bintaro, Jakarta, as well as weaker sales at its retail division, namely Metro Paragon and Metro Causeway Point.
The group says its FY2026 performance was negatively impacted by non-cash fair value and impairment losses arising from its China real estate exposure.
This was partially offset by contributions of $16.2 million from properties in Singapore, the UK and Australia held under associates and joint ventures.
As at Mar 31, the average occupancy rate across the group’s four investment properties stood at 77.5%, down from 78.4% a year earlier.
Metro’s net assets stood at $0.9 billion, while total assets amounted to $1.8 billion as at Mar 31.
Shares in Metro Holdings closed unchanged at 47.5 cents on May 21.
