Link: https://links.sgx.com/1.0.0/corporate-announcements/D36PGUUIO8BHBQQ4/9948154d7ef851fe3b48ed6528c4f583fdf24ffe4962623c1c19bc3f575ba68a

Summary:

• Background: Thakral’s first half FY2025 results (ended 30 June) initially only included Q1 profit from GemLife Communities Group, as Q2 accounts weren’t then available.

• Update: With the receipt of GemLife’s Q2 FY2025 results, Thakral’s share of profit from associates for 1HFY25 is revised up by S$1.679 million to S$5.61 million total (was S$3.93 million).

• Net Gain on Fair Valuation: The fair value gain on the GemLife IPO is reduced accordingly to S$146.6 million before tax (from S$148.2m), fully reflecting the updated profit component.

• Profit to Shareholders: Unchanged at S$109.3 million; no change in earnings per share, deferred tax, or net asset value as at 30 June 2025.

• Balance Sheet/Position: No impact from the updates—assets, equity, and liability figures stay as previously reported

The only revision is a higher share of associate profit (GemLife) with a matching reduction in fair value gain, leaving overall profit and balance sheet unchanged for 1HFY2025.