Alpina Holdings' net profit jumps 239.6% YoY to $2.7m in H1 2025

It surpassed the $2.4m net profit of the company in FY2024.

Alpina Holdings saw its net profit surge to $2.7m in the first half of 2025 (H1 2025) from the $800,000 net profit reported in the same period the previous year.

It was a 239.6% year-on-year (YoY) increase, primarily attributed to a dip in administrative expenses and steady revenue growth.

According to Alpina, its H1 2025 net profit already surpassed the group’s net profit of $2.4m in FY2024.

The group recorded an 11% YoY decline in administrative expenses due to the absence in H1 2025 of the professional fees related to the acquisition of Wan Dormitory, as the transaction was completed in March 2024.

Alpina’s revenue for H1 2025 was $47.9m, up by 8.7% YoY. The revenue growth was driven primarily by improved performance of the group’s integrated building services segment and an increase in rental income.

The group also said that following the completion of its acquisition of a property situated at 180 Woodlands Industrial Park in March 2024, the group recognised a full six-month contribution of rental income in H1 2025, which increased to $2.3m, representing an increase of 87.8% as compared to the same period the previous year.

The group proposed an interim dividend of 1.0 Singapore cent per share, representing approximately 69.4% of the net profit attributable to shareholders in H1 2025 and marks the company’s largest single dividend payout since its listing in 2022.