OUE Limited’s share of results, including GPI, recorded a loss of $46 million in the 1HFY2025. The group expects this loss to deepen to $220 million to $240 million for the year.
Due to OUE’s investment in GPI, the group expects to report an impairment loss, subject to a final assessment.
The provisional negative goodwill of $94.9 million which was recognised for the acquisition of additional equity interests in GPI in 1HFY2025 was also reversed in 2HFY2025.
According to OUE, the loss attributable to share of results of equity-accounted investees, the expected impairment of the group's investment in GPI and the reversal of the provisional negative goodwill are largely non-cash in nature. As such, there is no material impact on the group's operational cashflows and corporate funding requirements.
See also: Reclaims Global reports higher earnings of $6.8 million for FY2026, up 23% y-o-y
OUE is expected to report its FY2025 results on or before Feb 27.
Shares in OUE Limited closed flat at $1.19 on Feb 13.
