Pollux Properties Ltd. swung to a net profit of S$1.82 million for the 12 months ended 31 Dec 2025, up 358 per cent year-on-year, as sharply lower finance costs more than offset modest revenue growth.

Group revenue inched up 1.3 per cent year-on-year to S$13.56 million. Basic and diluted earnings per share rose to 0.07 Singapore cents from 0.01 cents a year earlier. The board did not declare a dividend, reiterating that cash will be preserved for operating needs while the company remains in an accumulated-loss position.

Property investment remained the core engine, contributing S$13.02 million in turnover, a 1.0 per cent YoY increase driven by positive rental reversions at several assets despite the absence of income from divested properties. Hotel operations revenue grew 8.8 per cent to S$0.54 million on improved occupancy in Indonesia.

By pre-tax segment earnings, property investment generated S$4.36 million (FY2024: S$2.33 million). Losses were recorded in property development (-S$0.22 million), corporate (-S$1.20 million) and hotel operations (-S$1.11 million). Group finance costs fell 40.7 per cent to S$3.96 million as benchmark rates eased and borrowings were reduced following asset sales.

Total assets slipped to S$351.6 million from S$360.9 million, largely after the disposal of investment properties. Net asset value edged up to 7.61 Singapore cents a share. The current-liability position improved, with net current liabilities narrowing to S$11.3 million from S$11.9 million a year earlier.

Looking ahead, management said it will keep capital expenditure tight, focus on cost-saving initiatives and continue seeking accretive property acquisitions in Singapore and overseas. Rental income from Singapore assets is expected to remain stable under existing lease terms, while the group progresses fit-outs of its Indonesian hotel portfolio to capture the anticipated recovery in inbound tourism.