OUE has slightly reduced its net loss for FY2025 but the red ink for the year was still $279.1 million.
In the year-earlier FY2024, the company booked a net loss of $286.8 million.
In both years, lower value of its investment properties and lower equity-accounted interests have been named as the cause.
For one, OUE booked an impairment loss of $20 million on its investment in Hong Kong-based Gemdale Properties and Investment Corporation, which continues to be hurt by the slowdown in China's property sector.
FY2025 revenue was down 4.6% to $617 million, due to reasons including loss of revenue from the Lippo Plaza Shanghai which has been divested.
Despite the losses, OUE plans to maintain its final dividend at 1 cent per share. OUE will be paying a total dividend of two cents for FY2025.
See also: Nordic Group reports higher earnings of $19.0 mil for FY2025, up 9% y-o-y
The company says it remains well-positioned to meet its debt obligations and operational needs, with a net gearing ratio of 53.8% as at Dec 31.
Its net asset value as at the end of 2025 was $3.85 per share, down from $4.23 a year earlier.
OUE shares closed at $1.17, down 1.68% for the day, and up 20.62% in the past year.
