Wing Tai narrows net loss in FY 2025

Revenue increased due to higher contributions from development properties.

Wing Tai Holdings narrowed its attributable net loss to $61m for the full financial year ended 30 June 2025, lower than the net loss of $78.7m incurred in the same period the previous year.

For the half year ended 30 June 2025, net loss was $71.1m, down from $99.2m a year ago.

For the full year, revenue was up to $230.2m from $169.2m in the previous year.

The company said the increase in revenue was mainly due to the higher contribution from development properties, particularly the progressive sales recognised from The LakeGarden Residences in Singapore and Jesselton Hills in Malaysia.  

The decrease in operating profit was primarily due to the absence of contribution from The M at Middle Road in Singapore, which was completely sold in the previous year.

For FY 2025, the company has declared a first and final dividend of 3 Singaporean cents per share, subject to shareholders’ approval in the upcoming annual general meeting.