OUE projects 2025 net loss on $240m China property hit
The group flagged $220m to $240m in equity-related annual loss.
OUE Limited expects to record a net loss attributable to shareholders for the financial year ended 31 December 2025, primarily linked to the group’s 29.07% stake in Gemdale Properties and Investment Corporation Limited (GPI).
GPI’s operations in the People’s Republic of China faced headwinds from a property market slowdown and the prevailing economic environment, a press release said.
OUE projected its share of losses from equity-accounted investees—including GPI—to range between $220m and $240m for the full year, following a recorded loss of $46m in the first half (1H) of 2025.
The group also expects to recognise an impairment loss on its investment in GPI, subject to a final assessment, according to a press release.
OUE reversed a provisional negative goodwill of $94.9m in the second half of 2025—which had been recognised in 1H—following the acquisition of additional equity interests in GPI.
The company stated these adjustments are largely non-cash in nature and have no material impact on operational cash flows or corporate funding requirements.
OUE is finalising its financial year 2025 results, with unaudited financial statements scheduled for release on or before 27 February 2026.