UOL Group delivered a strong set of 1H25 results, with a 45% y-o-y increase in operating PATMI to S$206.6mil, a marginal beat. UOL achieved strong performance in property development and property investments, alongside lower net finance expenses.
UOL's property development revenue up 40% y-o-y.
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The higher progressive revenue recognitions from Pinetree Hill, Watten House, and Meyer Blue in Singapore were partially offset by the absence of contributions from Clavon and The Watergardens at Canberra, and lower progressive revenue from the AMO Residence.
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Finance expenses fell 12% y-o-y to S$ 90.7mil and effective weighted average cost of debt dropped 45bps y-o-y to 3.34% in 1H25, and the group’s net gearing ratio remained conservative at 0.25 as of 30 June 2025.
Strong track record as an established property developer.
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Above is an excerpt from a report by DBS Group Research. Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
