Yangzijiang Financial net profit up 28% to $137m in H1
Total income dropped 23% to $123.6m.
Yangzijiang Financial Holding Ltd. announced a 28% rise in net profit to $137.7m for the six months ended 30 June 2025, up from $107.4m a year earlier.
Total income dropped 23% to $123.6m, mainly due to lower interest income from reduced debt investments in China and a $7.5m net fair value loss versus a $25.3m gain last year.
However, gains from maritime investments and Singapore-based private credit funds helped offset some of the decline.
Maritime fund income surged 82% to $40.1m, and interest income from private credit funds quadrupled to $18.5m.
The group also reversed $13m in credit loss allowances and saw profits from associates and joint ventures jump to $29m from a loss last year.
Other gains, including foreign exchange and government grants, rose 30% to $27.8m. Diluted earnings per share stood at 3.96 Singapore cents.
Yangzijiang Financial said it will focus on spinning off its maritime investment business for a separate SGX listing within 12 months, aiming to unlock growth and improve valuations.
The remaining group will prioritise divesting underperforming assets, especially in China real estate debt, and redeploy proceeds into a balanced mix of domestic and offshore investments.
It plans to expand debt investments in Southeast Asia and grow its cross-border wealth management and co-investment activities.
To support these plans, the group is upgrading its fund management capabilities in Singapore, including applying for a Capital Markets Services license to broaden its product range and investor base.