Link: https://links.sgx.com/1.0.0/corporate-announcements/BKBRPGSKNYE8MCYG/0dc016eb1c6997ca85b7dee3985dd215ae14c0dccc79a219f6001fa0a8e9d028

Summary:

• Revenue climbed 8.6% to S$131.5 million in FY2025 with gross profit margin expanding to 57.5% from 51.4% as operational efficiencies improved across all business segments

• Adjusted profit before taxation surged 33.4% to S$45.7 million driven by residential space optimisation segment profit jumping 89.6% and facilities management profit more than doubling to S$4.8 million

• Board proposes total dividend of 4.0 Singapore cents per share, up 33.3% from prior year, representing a 6.0% yield and including a special dividend component

• Successfully completed strategic spin-off of Coliwoo Holdings Limited in November 2025, raising approximately S$101 million through IPO while LHN voluntarily delisted from Hong Kong Stock Exchange to streamline operations

• Co-living portfolio expanded to 3,262 rooms across 25 locations with occupancy rate hitting 96.1%, up 3.6 percentage points year-over-year, as the Coliwoo brand gains traction

• Facilities management and energy divisions showed strong momentum with cleaning contracts increasing to 121 customers and solar energy capacity growing 21.6% to 10.7 megawatts

• Pipeline includes 714 co-living rooms under renovation expected ready by FY2026 and two major joint venture acquisitions at Thomson Road and King George's Avenue totaling over S$50 million in investments

• Net asset value per share improved to 61.93 cents while return on equity declined to 7.9% due to one-time fair value adjustments and disposal losses partially offsetting strong operational performance