Soon Hock’s profit surges 10‑fold to $37.9m in 2025 on strong property development

Revenue reached $227.9m from $7.9m.

Soon Hock Enterprise posted net profit after tax of $37.9m for the year ended 31 December 2025, up 10.6 times from $3.3m a year earlier, according to a filing.

Revenue rose 27.9 times to $227.9m from $7.9m, driven mainly by property development revenue of $224.7m after the receipt of partial Temporary Occupation Permit in December 2025 for the first eight levels of Stellar@Tampines.

Profit before income tax increased to $46.4m from $3.3m, whilst earnings per share rose to 14.69 cents from 1.33 cents.

Gross profit increased to $74.4m from $3.8m, although gross margin declined to 32.6% from 48.1% due to the one-off sale of a heavy vehicle park at Polaris@Woodlands in FY2024 which carried a higher margin.

Cash and cash equivalents stood at $160.0m as at 31 December 2025 compared with $18.6m a year earlier, whilst total borrowings amounted to $214.2m. Net assets increased to $156.8m from $36.8m.

The board proposed a final tax-exempt dividend of 3.05 cents per share for FY2025, representing 25.0% of net profit after tax, subject to shareholders’ approval at its annual general meeting scheduled for April 2026.

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