Oxley Holdings H2 loss narrows to S$8.3 million on higher revenue

Property developer Oxley Holdings on Friday (Aug 29) posted a narrower loss of S$8.3 million for its second half ended Jun 30, 2025, compared with S$94.9 million in the year-ago period.

This translated to a loss per share (LPS) of S$0.002, versus an LPS of S$0.0224 in H2 of FY2024.

For the six months, revenue rose 59.8 per cent to S$198.3 million from S$124.1 million, mainly due to higher revenue recognised for property development projects in Malaysia and the UK.

By geography, revenue from Malaysia grew to S$124.6 million in H2, from S$82.7 million previously. Likewise, top-line contributions from the UK climbed to S$27.8 million for the six months, from S$1.7 million.

Across business segments, the property development segment’s revenue for the half-year rose to S$159.9 million, from S$86.1 million. Revenue for the property investment segment fell to S$9.6 million from S$9.9 million while that of the hotel segment increased to S$28.7 million from S$28.1 million.

The group said it did not declare any dividend for the six-month period in order to preserve its working capital.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

For the full year, Oxley Holdings trimmed its net loss to S$6.1 million, from S$95.9 million in the previous corresponding period.

Revenue for the financial year ended June 2025 climbed 8.7 per cent to S$313.6 million, from S$288.4 million previously.

Its full-year LPS stood at S$0.0015, against the prior year’s LPS of S$0.0226.

Outlook

Moving forward, the group said it is undertaking a strategic repositioning of its business. To focus solely on property development, the company will move away from its current interests in investment properties and hotels, it said.

It intends to concentrate on its key markets in Singapore, the UK and Ireland.

As part of this repositioning, it plans to sell its investment properties and hotel assets to reduce gearing and to optimise its cashflows.

It will progressively exit from emerging markets – namely China, Cambodia and Malaysia – upon the completion of all existing projects. Proceeds from these divestments will be redeployed to support core development activities, including its participation in local land bidding exercises and the acceleration of the Dublin Arch development in Ireland.

The counter ended Friday 1 per cent or S$0.001 lower at S$0.102, before the announcement.