UOL Group has reported FY2025 earnings of $481.7 million, a jump of 34%, thanks to stronger property development and property investments. Revenue in the same year was up 16% to $3.23 billion.
The company plans to pay a special dividend of 7 cents per share, on top of a final dividend of 18 cents, bringing the total payout to 25 cents.
UOL says revenue from property development is up 26% to $1.51 billion thanks to higher progressive revenue recognition from projects such as Pinetree Hill, Watten House and MEYER BLUE, as well as new revenue recognition from UPPERHOUSE at Orchard Boulevard in Singapore.
Revenue from property investments, on the other hand, increased by 13% to $629.3 million due to newly-acquired interest in 388 George Street, Sydney in January 2025 and better performance by Singapore Land Tower, as well as Odeon 333.
Liam Wee Sin, UOL's group CEO calls his FY2025 numbers "a very strong set" of results but warns that this year is likely to be "uncertain" with "profound" global change.
Nonetheless, he believes that the Singapore residential sector remains healthy, and "robust" sales achieved by UOL's projects will add to its income visibility for the next two years.
See also: Venture Corp's FY2025 earnings down 7.4% y-o-y to $227 mil
"The acquisitions of Thomson View, Dorset Road and Hougang Central sites give us a quality pipeline of replenishment sites," he says.
On the other hand, UOL's recurring income portfolio has benefitted from Singapore’s safe haven status.
"We have been enhancing our recurring income through AEIs of our commercial properties and the refurbishment of our hotels. The redevelopment of Clifford Centre and the planning approval processes of Marina Square’s Strategic Development Incentive are on track," says Liam.
See also: Maybank’s FY2025 net profit gains 4.2% y-o-y to RM10.5 bil, Maybank Singapore sees meaningful growth
Referring to the recent divestment of PARKROYAL Yangon, PARKROYAL Saigon and KINEX, UOL is on the look out for opportunities to redeploy its capital into value-enhancing investments.
As at Dec 31 2025, its NTA has increased to $13.88 per share, up from $13.61 as at Dec 31 2024, and net gearing ratio decreased from 0.23 to 0.2.
UOL Group shares closed at $10.68 on Feb 26, down 6.07% for the day but up 97.05% in the past year.
