PropNex net profit falls 3.1% to $40.9m in H1 2026

The board has proposed an interim dividend of $0.05 per share.

Real estate agency PropNex’s net attributable profit fell 3.1% to $40.9m in the first half of 2026 (H1 2026).

Revenue grew 0.7%, driven largely by a 6.9% increase in commission income from agency services, which rose from $337.2m in H1 2025 to $360.5m in H1 2026.

This was supported by transaction activity in the HDB Resale, Landed Resale, and Leasing segments.

Commission income from project marketing services declined 7.8% to $238.4m from $258.5m a year earlier, against fewer new launches during the period.

“H1 2026 was a solid half for PropNex, with performance broadly reflecting sales secured between October 2025 and March 2026, given the usual lag between transactions and revenue recognition,” said Ismail Gafoor, executive chairman of PropNex.

The period is typically slower for new launches due to the year-end and Chinese New Year holidays, he said.

The group’s market share by transaction volume rose to 64.3% in H1 2026 from 60.6% in FY2025.

Across property segments, market share increased between H1 2026 and FY2025.

New Launches rose to 52.5% from 48.9%; Private Resale to 66.3% from 65.3%; Landed Resale to 55.4% from 52.5%; HDB Resale to 68.1% from 63.2%; and Private Leasing to 43% from 38.2%.

The board has proposed an interim dividend of $0.05 per share for H1 2026, representing a dividend payout ratio of 90.4% and an annualised dividend yield of 5.4%.

The dividend will be paid on 11 September 2026, with book closure on 26 August 2026 at 5pm.

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