Bukit Sembawang Estates posts 61% rise in FY2025 profit, strengthens pipeline and sustainability efforts
Summary:
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Bukit Sembawang Estates Limited (BSEL) achieved a net profit of S$114.3 million for FY2025, up 61% from S$70.8 million in FY2024, driven by higher contributions from projects like LIV @ MB, The Atelier, and Pollen Collection
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Revenue came in at S$550 million, broadly stable, while total equity rose to S$1.6 billion
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Successful launch of 8@BT condominium in September 2024, selling 70% at launch, and continued steady sales for Pollen Collection landed homes. Preparing to launch Nim Collection Phase 4 in Q3 2025
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Proposed dividend of 20 cents per share (4 cents final + 16 cents special), up from prior year, with total payout of S$51.8 million, subject to AGM approval
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Sustainability highlights include achieving SEC Eco Office 3-Leaf award, maintaining low energy intensity at HQ and developments, and integrating green features like solar panels, rainwater harvesting, and energy-efficient fittings
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Reinforced commitment to ESG, with board oversight on sustainability and a robust stakeholder engagement framework covering investors, employees, communities, and regulators
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Outlook remains cautious due to global and local economic uncertainties, though Singapore’s private residential demand and construction sector growth continue to support optimism