Singapore Flyer operator Straco’s net profit drops 49% YoY in H1

Slow leisure spending weighed on the company’s profits.

Mainboard-listed Straco Corporation Limited’s net profit dwindled to $5.35m in the first half of the financial year 2025 (H1 2025), a 49% year-on-year (YoY) decline.

The company also reported lower revenue of $32.67m, a 9% YoY decrease.

The company attributed its lower profits to reduced discretionary spending on leisure activities, driven by a less buoyant general economic outlook.

The company, however, said its key attractions, including the Singapore Flyer, have continued to "pull in visitors."

Singapore Flyer reported a single-digit drop in revenue.

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