PropNex FY 2025 profit jumps 72% on private home rebound

Revenue reached a record $1.1b.

PropNex posted a 72.0% rise in FY 2025 net attributable profit to $70.4m as revenue climbed 42.6% to a record $1.1b.

Gross profit rose 62.1% to $115.0m, whilst earnings per share increased to 9.51 cents from 5.53 cents a year earlier. The group proposed a final cash dividend of 4.5 cents per share, bringing the full-year dividend to 9.5 cents per share, up from 7.75 cents in FY 2024.

The company said commission income from agency services grew 14.3% to $675.9m in 2025, whilst project marketing services rebounded 133.9% to $434.0m.

It attributed the gains to a strong pick-up in private residential project launches and sales activity in Singapore’s property market.

For 2026, PropNex said market conditions remain healthy, with about 14,859 unsold uncompleted private homes, excluding executive condominiums, at the end of 2025, the lowest level in the last 15 quarters.

It said an estimated 11,116 units across 27 new private home and executive condominium projects are slated for launch in 2026, versus 12,769 units across 27 projects in 2025.

The group projects developers’ sales of around 9,000 units, excluding executive condominiums, in 2026, with private resale transactions at around 14,000 to 15,000 units.

It expects private home prices to grow 3% to 4% and said it anticipates a good performance for the year ending 31 December 2026.

PropNex said its outlook is supported by revenue recognition from robust new private home sales in the fourth quarter of 2025 and an expanded salesforce.

Its salesforce grew from 12,636 salespersons as at 1 January 2025 to about 14,202 as at 20 February 2026.

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