Wing Tai Holdings swung back to the black for the year ended Jun 30, 2026, posting a net profit attributable to shareholders of S$23.8 million against a S$61.0 million loss a year earlier, propelled by robust contributions from its Singapore development projects River Green and The LakeGarden Residences.

Revenue surged 168 per cent year-on-year (YoY) to S$617.4 million, up from S$230.2 million, reflecting the step-up in progressive revenue recognition from the two condominiums. Basic earnings per share recovered to 3.12 Singapore cents from a loss of 8.00 cents previously.

The board is proposing a first-and-final dividend of 3 Singapore cents per share and a special dividend of 1 cent, both tax-exempt. This lifts the total payout to 4 cents, up from 3 cents a year ago. Payment details will be announced after shareholder approval at the forthcoming AGM.

By segment, development properties delivered earnings before interest and tax (EBIT) of S$45.0 million, reversing a S$59.4 million loss in FY2025. Retail operations generated S$59.3 million in EBIT, more than offsetting a S$46.0 million loss under “Others”. Investment properties added S$3.1 million. Group operating profit rose sharply to S$50.5 million from S$7.4 million, while share of profits from associates and joint ventures turned positive at S$16.2 million, helped by lower fair-value losses at Hong Kong affiliate Wing Tai Properties and firmer contributions from Uniqlo stores in Singapore and Malaysia.

Higher sales commissions for local projects lifted distribution costs 54 per cent YoY to S$47.4 million, and administrative expenses inched up 1 per cent to S$78.8 million. Finance costs eased 5 per cent to S$42.2 million, reflecting loan repayments. The group’s net gearing improved to 0.15 times, down from 0.23 times.

During the year Wing Tai divested S$278.2 million of quoted equity securities, realising a S$51.5 million gain that was transferred to retained earnings, and completed the disposal of its China development arm Jiaxin (Suzhou), booking a S$4.9 million gain. In May 2026, it secured, via a joint venture with Metro Holdings, a 99-year leasehold parcel on Dunearn Road earmarked for about 330 homes and ground-floor retail space.

Looking ahead, management expects Singapore’s private residential demand to remain stable, supported by the upgraded 2026 GDP growth forecast of 4.5–5.5 per cent. The group plans to time further unit launches to market conditions while continuing to monitor overseas investment opportunities prudently.