Wing Tai Holdings Limited posted a net profit attributable to shareholders of S$40.3 million for the six months ended 31 Dec 2025, a 300% year-on-year (YoY) jump driven mainly by higher contributions from its Singapore development projects.

Group revenue more than doubled to S$270.2 million (+140% YoY), lifting basic earnings per share to 5.28 Singapore cents from 1.32 cents a year earlier. The board did not declare an interim dividend.

Development properties remained the biggest revenue contributor at S$231.6 million (+260% YoY), underpinned by progressive recognition from River Green and The LakeGarden Residences. Investment property revenue edged up 4% to S$22.6 million, while retail turnover halved to S$13.2 million following portfolio rationalisation.

By operating segment, earnings before interest and tax were: • Development properties: S$22.1 million (up from S$7.4 million) • Investment properties: S$26.1 million (up from S$20.2 million) • Retail: S$32.0 million (up from S$26.2 million) • Others: –S$19.1 million

Higher marketing spend on local launches pushed distribution expenses up 50% to S$21.3 million, while finance costs were broadly flat at S$22.7 million. Other gains fell 20% to S$7.6 million owing to lower interest income.

The group’s net gearing improved to 0.14 times from 0.29 times at 30 Jun 2025 after loan repayments and the disposal of quoted securities. Net asset value per share stood at S$3.91, versus S$3.73 at end-June.

Looking ahead, management said buying sentiment in Singapore’s private residential market is expected to remain stable amid upgraded 2026 GDP growth forecasts of 2–4%. Wing Tai plans to release additional units for sale “at the appropriate times” while continuing to monitor economic and market conditions.