Back 03 Jul 2025

Bukit Sembawang Estates posts 61% rise in FY2025 profit, strengthens pipeline and sustainability efforts

Link: https://links.sgx.com/1.0.0/corporate-announcements/CDZ44Y46QPHUM2SJ/76506c03adea4cdaffb6043dba05ef2eb1f80d41414aa39547b6472989d02f4d

Summary:

  • 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

  • Revenue came in at S$550 million, broadly stable, while total equity rose to S$1.6 billion

  • 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

  • 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

  • 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

  • Reinforced commitment to ESG, with board oversight on sustainability and a robust stakeholder engagement framework covering investors, employees, communities, and regulators

  • Outlook remains cautious due to global and local economic uncertainties, though Singapore’s private residential demand and construction sector growth continue to support optimism