Wing Tai 1H FY2026 profit quadruples to S$40m on Singapore residential sales and Uniqlo JV boost; NAV per share rises to S$3.91
Summary:
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Revenue surged 140% to S$270.2m for the half year ended 31 December 2025, driven mainly by progressive sales from Singapore projects River Green and The LakeGarden Residences.
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Operating profit jumped to S$24.8m from S$3.7m, while net profit attributable to shareholders climbed 300% to S$40.3m (EPS 5.28 cents versus 1.32 cents), supported by stronger development margins.
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Share of profits from associates and JVs increased 16% to S$38.5m, reflecting higher contributions from Uniqlo operations in Singapore and Malaysia.
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The Group’s net asset value per share rose to S$3.91 from S$3.73 as at 30 June 2025, and net gearing improved materially to 0.14x from 0.29x, helped by strong operating cash flow and loan repayments.
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Management says buying sentiment in Singapore’s private residential market is expected to remain stable and plans to release more units for sale at appropriate times, with results in line with previous guidance.