Stamford Land Posts S$32.8M Profit in FY2025, Keeps Strong S$0.5B Cash, Eyes Strategic Upgrades Despite Revenue Dip
Summary:
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Revenue for FY2025 fell 5.5% to S$148.4 million (from S$157.0 million in FY2024), mainly due to currency impacts and property development slowdown.
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Profit attributable to shareholders surged to S$32.8 million, up from S$5.9 million last year, helped by stable hotel and investment property operations and reduced expenses.
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Hotel segment revenue dipped slightly by 1.7% to S$122.2 million, impacted by a weaker AUD and temporary disruptions at Stamford Plaza Brisbane caused by Cyclone Alfred.
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Property development income dropped sharply to S$0.8 million as only one unit was sold at Macquarie Park Village; this project is now fully sold out.
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Investment properties, especially 8 Finsbury Circus in London, remained fully leased with stable revenue (S$24.3 million) and an average lease expiry of eight years.
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Net asset value per share stayed firm at S$0.59.
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Group continues to hold zero debt with a robust cash position of S$531 million.
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Board proposed a final dividend of 0.5 Singapore cents per share.
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Plans underway for major refurbishments at Stamford Grand Adelaide and Stamford Plaza Melbourne to uplift guest experience and asset value.
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The Group remains cautious amid global uncertainties but ready to seize attractive acquisition opportunities.