LHN earnings fall 58% after $17.9m fair-value loss reversal

Its adjusted pre-tax profit rose 33% to $45.7m.

LHN Limited reported net profit attributable to equity holders of $20.07m for FY2025, a 57.6% year-on-year decline from $47.29m, following a $17.93m net fair-value loss on investment properties and joint venture properties. 

Earnings were further reduced by other one-off items that had lifted the prior year’s results, according to a press release.

Adjusted profit before taxation increased 33.4% to $45.73m from $34.29m in FY2024, after excluding fair-value movements and non-recurring items. Growth was driven by contributions from the space optimisation, property development and facilities management segments, which continued to expand operationally.

Group profit before taxation declined 48.9% to $26.27m in FY2025, reflecting the reversal of fair-value gains recorded a year earlier and higher one-off charges. The fair-value impact represented the main variance between adjusted profitability and reported earnings. 

The board proposed a final dividend of 1 cent and a special dividend of 2 cents, bringing total dividends for FY2025 to 4.0 cents, up from 3.0 cents in the previous year. The increase reflects improvement in adjusted earnings and operating results.