CLI’s total profit plunges 70% in 2025 on lower portfolio gains, higher revaluation losses

China losses drive a steep fall in company earnings.

CapitaLand Investment (CLI) reported its total PATMI fell 70% to $145m in 2025—compared to $479m in 2024—amidst revaluation losses and impairments of $439m within the China portfolio.

This is despite reporting an operating profit after tax and minority interests (PATMI) of $539m for the financial year ended 31 December 2025, up from $510m in 2024, according to a financial statement.

The strong operating PATMI was offset by lower portfolio gains from asset sales, which reached $45m, down from $230m in the previous year, whilst total revenue declined to $2.13b from $2.82b in 2024.

Basic earnings per share fell to 2.9 cents from 9.5 cents in 2024. CLI proposed a dividend of 12.0 cents per share, compared to 18.5 cents in the prior year.

Funds under management grew 7% to $125b, supported by fundraising momentum as total equity raised nearly doubled to $6.5b, the statement said.

Acquisitions during the year included Wingate Group Holdings and a 40% stake in SC Capital Partners. The group also listed CapitaLand Commercial C-REIT in September 2025.

Net debt-to-equity stood at 0.43x, whilst bank borrowings totalled $5.97b, with 72% of debt at fixed interest rates and an implied interest cost of 3.9%. Available debt headroom reached $6.4b.

Revenue from fee-related businesses amounted to $1.21b, whilst real estate investment revenue totalled $1.02b.

Artificial intelligence-enabled initiatives generated $12m in revenue and delivered $5m in cost savings.

Lee Chee Koon, Group CEO of CLI, said the company will focus on divestments and capital redeployment in 2026 to increase recurring fees.

Follow the link for more news on

CapitaLand Investment Limited

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia