Link: https://links.sgx.com/1.0.0/corporate-announcements/SYO2MA2Q7360NJ6A/a64134e550b625c00d316a654d2d1a25d3b192c20bc6683037334a76718ce964

Summary:

• Revenue grew 8.6% to S$131.5 million in FY2025 while adjusted profit before taxation surged 33.4% to S$45.7 million, driven by contributions from Property Development, Space Optimisation, and Facilities Management segments

• Gross profit margin expanded significantly to 57.5% from 51.4%, reflecting improved operational efficiency, though reported net profit declined 57.6% to S$20.1 million due to fair value adjustments on investment properties

• Successfully completed landmark spin-off and SGX Mainboard listing of Coliwoo Holdings in November 2025, raising approximately S$101 million while retaining 65% controlling stake in the co-living business

• Property Development Business generated first-ever revenue of S$14.1 million from sale of seven strata-titled units at 55 Tuas South Avenue 1 food factory, with ongoing marketing for remaining units

• Space Optimisation Business delivered adjusted pre-tax profit of S$46.0 million versus S$31.2 million prior year, with Work+Store self-storage achieving 99% occupancy and Coliwoo co-living maintaining 96.1% occupancy across 2,933 rooms

• Facilities Management Business revenue rose 5.9% to S$37.6 million with adjusted profit jumping 110% to S$4.8 million, managing 121 clients and 103 car parks with over 27,700 lots after exiting loss-making Hong Kong operations

• Proposes total dividend of 4.0 Singapore cents per share comprising 1.0 cent final dividend and 2.0 cents special dividend, representing 33% increase from prior year's 3.0 cents total payout

• Plans aggressive Coliwoo expansion to nearly 4,000 rooms by end 2026 through new developments including 212-room Coliwoo Midtown and 350-room resort-style facility at Jalan Loyang Besar launching Q2 2026