Coliwoo (SGX:W8W)’s adjusted PATMI grew 13.9% y-o-y to S$8.6m in 1HFY26 after excluding fair value gain on investment properties and other one-off items.
Notably, the Group maintained a steady average occupancy rate of 97% (+0.2ppt y-o-y) across its entire portfolio, which now comprises 28 properties with a total of 3,568 rooms (1,021 rooms under renovation).
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Increased number of room drives revenue growth
1HFY26 topline rose by 16.6% y-o-y to S$26.9m, underpinned by higher occupancies across its existing sites. This was mainly anchored by a 15.6% uplift in rental income due to full contributions from Coliwoo Hotel Kampong Glam and Coliwoo Bukit Timah Fire Station (which commenced operations in 2HFY25), coupled with the initial revenue from the newly launched Coliwoo Midtown in early Mar’26.
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Management services fees also saw a significant 44% surge, boosted by the commencement of a newly secured management contract with a third-party transport operator.
Clear project pipeline over the next 2 years
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Above is an excerpt from a report by Maybank Research. Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
