Link: https://links.sgx.com/1.0.0/corporate-announcements/79Q7JJLRLSMUU8ZV/d8e6b7599553959095baa2c467369fa302e16d3f7697ad929b3b6aba344acd37

Summary:

• The Group expects a loss for 1H 2025 based on preliminary review of unaudited results.

• Main factors contributing to the loss:

  • Depreciation of the Indonesian Rupiah against the Singapore Dollar.

  • Lower other income due to the absence of a one-off gain from investment property disposal recorded in 1H 2024.

  • Higher marketing and distribution expenses driven by increased commissions to third-party agents for property sales in 1H 2025.

  • Increase in income tax expense from prior year under-provision and higher taxable income in the investment properties segment.

• Final 1H 2025 unaudited financial results will be released on or before 14 August 2025.

• Shareholders are advised to exercise caution when trading in the Company’s shares.