Singapore Land Group net profit surges 90% in H1 2026

Earnings per share for the period increased to $0.148.

Singapore Land Group Limited posted a 90% increase in net profit attributable to equity holders to $211.7m for the half-year (H1) ended 30 June 2026, driven largely by higher fair-value gains on investment properties and stronger contributions from associates and joint ventures.

Revenue rose 2% year-on-year (YoY) to $376.8m.

The growth was mainly supported by the property investments and technology operations businesses.

Revenue from property investments increased by 8%, with all of the group’s Singapore assets performing better.

Singapore Land Tower and West Mall were amongst the main contributors to the improvement.

Gross profit rose by 4% to $179.96m, from the corresponding period a year earlier.

The group’s share of results from joint ventures increased by 99%.

The year-earlier period had been weighed down by Singapore Land’s share of a fair-value loss on a joint venture’s investment property. There was no comparable loss in the latest period.

Excluding fair value and other gains and losses, net profit attributable to equity holders rose 43% YoY to $147.5m.

Earnings per share for the period increased to $0.148 from $0.078.

Singapore Land’s net asset value per ordinary share also increased, reaching $6.12 as at 30 June 2026, compared with $6.01 at the end of 2025.

The group’s net gearing ratio rose to 8.9% from 4.7% over the same period.

The increase followed the drawdown of loan facilities to finance the acquisition of an additional 20% interest in Novena Square and ongoing redevelopment works at The Clifford at Raffles Place.

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