Tuan Sing profit soars to $32.1m on $51m property revaluation gains

Group revenue dropped 24% amidst profit gains.

Tuan Sing Holdings Limited reported a net profit of $32.1m for the financial year ended 31 December 2025, up from $2.3m in the previous year, according to a press release.

The profit included $51.2m in fair value gains from property revaluations in Singapore and Australia, following the completion of enhancement works at Dunearn Village and the revaluation of the property at 121–131 Collins Street in Melbourne.

Group revenue fell 24% to $146m in financial year 2025, down from $192.5m in FY2024.

Earnings per share reached 2.58 cents, whilst the first and final tax-exempt dividend was 0.7 cents per share, payable on 26 June 2026.

Hospitality revenue rose to $89.6m, supported by higher occupancy in Melbourne and the July 2024 acquisition of Fraser Residence River Promenade, although lower performance at Residence on Langley Park partially offset this growth.

Segment adjusted earnings before interest and taxes (EBIT) for hospitality increased 28% to $15.5m.

Real Estate Investment revenue decreased 10% to $48.2m, reflecting the expiry of an anchor tenant in Perth and construction at Dunearn Village. Adjusted EBIT for this segment fell 15% to $16.2m.

Real Estate Development revenue dropped 91% to $3.9m, following the October 2024 completion of Peak Residence. The segment recorded an adjusted EBIT loss of $2.3m.

Other Investments revenue was $7m, with adjusted EBIT rising 10% to $29.2m, supported by the company’s 44.5% equity stake in GulTech, which saw strong demand for printed circuit boards.

The Group holds a planning permit for a mixed-use redevelopment at its Melbourne property.

William Liem, Chief Executive Officer of Tuan Sing Holdings, stated that the company will focus on recurring income and asset enhancement, noting that global growth is expected to remain stable at 3.3% this year.