Wing Tai’s H2 net profit soars 300% to $40.3m on River Green and LakeGarden sales

Development segment drove the group’s earnings growth.

Wing Tai Holdings reported a net profit attributable to shareholders of $40.3m for the half year ended 31 December 2025, a 300% increase from the $10.1m recorded in the same period last year, according to a financial statement.

Revenue for the period rose 140% to $270.2m, driven by progressive sales from Singapore residential projects River Green and The LakeGarden Residences.

Revenue from the development properties segment reached $231.6m, compared to $64.3m in the corresponding period a year earlier. Earnings per share attributable to ordinary shareholders stood at 5.28 cents.

Share of profits from associated and joint venture companies increased to $38.5m, supported by contributions from Uniqlo retail operations in Singapore and Malaysia.

Operating profit reached $24.8m. The group also recorded a $5.0m gain from the disposal of Jiaxin (Suzhou) Property Development Co., Ltd., completed on 10 December 2025.

The group’s net gearing ratio fell to 0.14 times as at 31 December 2025, from 0.29 times as at 30 June 2025. Net asset value per share rose to $3.91 from $3.73.

The board of directors recommended no dividend for the half-year period, the financial statement said.

Urban Redevelopment Authority data showed a 3.3% increase in the private residential property price index for 2025, whilst new private unit sales in Singapore totalled 10,815 units for the calendar year.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia