UOL Group H1 net profit rises 23% to $252.2m on fair value gains

Operating PATMI grows 16% whilst revenue declines 7% to $1.44b.

UOL Group Limited’s net attributable profit after tax and minority interests (PATMI) rose 23% year-on-year to $252.2m in the first half (H1) of 2026.

The increase was due to attributable fair value and other gains of $12.4m recognised, compared with a $1m loss in the same period last year, the group said in a bourse filing.

Operating PATMI increased 16% to $239.8m, on the back of stronger contributions from property development and property investments.

However, revenue declined 7% to $1.44b in H1, mainly due to lower property development revenue as the group undertook more projects through joint ventures, including PARKTOWN Residence and Skye at Holland in Singapore.

Property development revenue fell 14% to $628.8m, whilst property investment revenue grew 4% to $316.7m.

UOL is scheduled to launch Thomson Reserve in the fourth quarter of 2026. It is also set to open the first NoMad hotel in Asia Pacific along Orchard Road later this year.

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