CDL FY2025 net profit surges 213% to $629.7m on property sales surge

Revenue increased by 9.7% to approximately $3.6b from $3.3b.

City Developments Limited’s net profit after tax and non-controlling interest (PATMI) rose 212.8% to $629.7m for the full year ended 31 December 2025 (FY2025), from $201.3m a year earlier.

PATMI for the second half stood at $538.5m, up 374.3% year-on-year from $113.5m, according to the group’s press release.

Revenue for FY2025 increased by 9.7% to approximately $3.6b from $3.3b. Growth was driven by the property development segment, which increased 24.1%.

In Singapore, projects including The Myst, Norwood Grand, and Union Square Residences contributed to the segment’s growth, alongside the sale of the Ransome’s Wharf site in London and the office portion of Suzhou Hong Leong City Center in China.

The Board of Directors has updated the Group’s dividend policy to declare ordinary cash dividends at least once annually, targeting a minimum payout ratio of 35% of reported PATMI.

The Board recommends a final ordinary dividend of 25.0 cents per share. Total dividends for the year amount to 28.0 cents per share, up from 10.0 cents per share in FY2024.

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