Metro Holdings Limited records $12.9m loss before tax in H1 FY2026

The lower revenue from its property and retail divisions in Singapore and China led to the loss.

Metro Holdings Limited recorded a loss before tax of $12.9m in H1 FY2026, down from a $7m profit before tax in the same period a year ago.

It cited lower revenue from its property and retail divisions in Singapore and China for the loss, the firm said in a bourse filing.

Revenue from Metro Holdings’ property division for the period decreased to $2.9m from $3.4m the last year, mainly due to lower rental income from GIE Tower in China.

Revenue from its Singapore retail division for H1 FY2026 was lower at $38.8m compared to $44.9m the last year, mainly due to lower sales from Metro Paragon and Metro Causeway Point its two department stores in the city-state.

Metro Holdings also said that lower interest income and higher share of loss of associates caused the loss.

It also sold 29% of the strata area at Vision Crest Orchard since the strata sales commenced in July 2024 as part of the company’s asset management.

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