LHN Limited Posts 29.4% Revenue Growth in 1H25, Boosted by Co‑Living and Property Development
Summary:
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Revenue Surge: 1H FY2025 revenue rose 29.4% year-on-year to SGD 70.6 million, driven by maiden property development contributions and strong growth in the co‑living business.
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Segment Highlights: Industrial revenue increased 2.9%, facilities management rose 12.6%, residential/co‑living expanded 15.3%, and property development contributed SGD 12.1 million, which was absent in the prior period.
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Profit Performance: Profit after tax rose 8.8% to SGD 14.1 million; gross profit margin dipped slightly to 57.6%.
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Co‑Living Momentum: Coliwoo secured 2,593 keys (up 20% year-on-year) with revenue of SGD 23 million (up 15%).
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Healthy Financial Position: Interim dividend maintained at 1.0 cent per share; net income from continuing operations stood at SGD 14.12 million.
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Positive Outlook: 1H revenue and profit after tax and minority interests represent approximately 53% and 40% of full-year FY2025 estimates respectively. The proposed Coliwoo spin‑off supports asset‑light expansion plans.