Chuan Hup FY2026 revenue slips to US$17.65 million, profit edges up to US$5.80 million on stronger JV gains

SGX Filings
Yesterday

Chuan Hup Holdings Limited posted a net profit of US$5.80 million for the year ended Jun 30 2026, a 5.2% year-on-year (YoY) increase that management attributed chiefly to a jump in contributions from an Australian joint venture and a tax credit, which helped offset fair-value losses and an impairment charge.

Earnings per share rose to 0.81 US cent from 0.67 US cent. The board proposed a final tax-exempt (one-tier) cash dividend of 0.5 Singapore cent per share, down from 0.7 Singapore cent a year earlier. The payment and books-closure dates will be announced later.

Group revenue slipped 2.5% YoY to US$17.65 million as development-property sales fell by US$1.4 million, partially cushioned by a US$1.2 million rise in student-accommodation and office rental income. By segment, investment revenue declined to US$6.56 million (FY2025: US$8.04 million), while property-segment revenue was broadly stable at US$15.37 million (FY2025: US$15.26 million after eliminations). Pre-tax profit from the property arm surged to US$7.75 million (FY2025: US$4.36 million) on project completions in Australia, whereas the investment division’s contribution fell to US$0.86 million (FY2025: US$4.93 million) amid lower dividend income and smaller mark-to-market gains on quoted equities.

On the downside, the group booked a US$2.27 million impairment on intangible assets linked to its student-accommodation business and recognised a US$1.51 million fair-value loss on investment properties. Mark-to-market gains on investment securities reversed to a US$0.45 million loss from a US$2.03 million gain previously. Finance costs climbed 50% to US$0.45 million, reflecting higher lease-liability interest.

During the year Chuan Hup received US$14.8 million in loan repayments from a joint venture, extended a further US$4.0 million in development loans, and drew down US$7.0 million in new borrowings mainly to fund Singapore projects Neoco and Pangolins. It also repurchased 51.5 million shares for about US$9.1 million and cancelled 49.6 million of these, trimming issued share capital to 862.9 million shares. Net cash rose to US$33.36 million, underpinning a net asset value of 26.11 US cents per share, up from 24.80 US cents a year earlier.

Looking ahead, the board noted an “uncertain” global outlook given ongoing geopolitical tensions and said it would remain prudent when assessing new investment opportunities. No specific financial targets were disclosed.

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