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Uni-Asia swings to $1.16m profit as total income rises

Investment gains drive the company’s profit rebound.

Uni-Asia Group reported a net profit of $1.16m (US$0.92m) for the fiscal year ended 31 December 2025, according to its financial statement.

Basic and diluted earnings per share reached 1.47 Singapore cents (1.17 US cents). Total income rose to $62.87m (US$49.9 m), driven by investment returns of $7.43m (US$5.9 m) and the absence of non-cash fair value losses recorded in 2024.

Investment returns included gains from ship joint investment projects and the sale of property assets in Japan, the statement said.

The company also recorded a profit after tax of $1.01m (US$0.8 m), following a net loss of $35.53m (US$28.2 m), according to its financial statement.

Operating expenses decreased to $55.82m (US$44.3 m). The final dividend was 1.0 Singapore cent per share, bringing the total dividend for 2025 to 2.0 Singapore cents per share.

Charter income declined as the group implemented a fleet renewal programme. In 2025, the company acquired four vessels and sold all remaining 29k DWT vessels, exiting the Handysize segment.

The MV Glengyle remained off-hire from April 2025 following a collision and is scheduled to return to service in April 2026.

Total assets and borrowings increased to fund vessel acquisitions and Japan property projects, whilst the company sold two projects in 2025, compared to three in 2024.

The group also reported a cybersecurity incident during the year. Whilst it had no impact on its financial position or operations, external advisers are reviewing systems to recommend changes to the security framework.

(US$1 = SG$1.26)

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