- Boustead (SGX:F9D)’s FY25 revenue fell 31% to S$527.1m.
- The Real Estate Solutions Division, which saw revenue more than halve versus FY24, was the main drag.
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- The Geospatial Technology Division’s revenue, on the other hand, grew 4% to record levels.
Cost management drives net profit growth.
- Gross profit, however, grew 3% to S$233.3m, with margins expanding from 30% in FY24 to 44% in FY25 on effective cost management.
- Together with an exceptional gain of S$29m from the transfer of Boustead’s fund and property management businesses to Unified Industrial (UIB), net profit jumped 48% to S$95m. After adjusting for such gains/losses and impairments, net profit would have grown 8%.
Attractive FY25 dividend yield.
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- Boustead has proposed a final dividend of 4 Singapore cents per share, as well as a special dividend of 2 Singapore cents per share (to be taken in cash and/or scrip). See Boustead's dividend dates.
- This brings total dividends for FY25 to 7.5 Singapore cents per share (FY24: 5.5 Singapore cents per share), which translates to a dividend yield of 7.2% based on the last close Boustead's share price of S$1.04 as at 26 May 2025 (prior to the results release).
S$337m of new orders secured during FY25.
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