PropNex doubles H1 net profit to $42.26m on higher revenue

It has proposed a cash dividend of 5 Singaporean cents per share.

PropNex Limited hit a record net profit of $42.26m in the first six months of 2025, more than double compared to the same period last year, its latest financial results showed.

Revenue for the period surged 73.3% to $598.9m.

The company proposed a cash dividend of 5 Singapore cents per share, or a payout ratio of 87.6% of its net attributable profit and a dividend yield of 4.6% based on 30 June share prices.

Commission income from project marketing services boosted H1 revenue, rising 183.2% to $258.5m.

Commission income from agency services grew 33.9% to $337.2m over the same period.

This is despite the Q2 2025 period seeing fewer project debuts, with developers launching 1,520 new units excluding executive condominiums, compared to 3,139 units in Q1.

Developers sold 1,212 new units in Q2, down 64.1% compared to the 3,375 units sold in Q1. However, this is higher than the 725 units that were sold in Q2 2024, PropNex said.

In total, 4,587 new units were sold in H1 2025, more than twice the 1,889 units sold in H1 2024.

In the resale segment, approximately 7,212 units were resold, 11.1% higher than in H1 2024.

PropNex is celebrating its 25th anniversary.