GuocoLand F17
Financials
ANNUAL REPORT 2026
Explore the statements
11 tablesFive-Year Financial Summary
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2023Group | 2024Group | 2025Group | 2026Group | Source |
|---|---|---|---|---|---|---|
| STATEMENTS OF PROFIT OR LOSS | ||||||
| GuocoLand Singapore$’000 | 698,208 | 1,221,259 | 1,472,660 | 1,520,591 | 933,570 | PDF p. 7 |
| GuocoLand China$’000 | 105,417 | 139,388 | 169,333 | 210,543 | 255,259 | PDF p. 7 |
| GuocoLand Malaysia$’000 | 128,331 | 114,966 | 107,109 | 115,189 | 176,718 | PDF p. 7 |
| Others(1)$’000 | 33,558 | 68,819 | 70,649 | 70,079 | 68,416 | PDF p. 7 |
| Total revenue$’000 | 965,514 | 1,544,432 | 1,819,751 | 1,916,402 | 1,433,963 | PDF p. 7 |
| Underlying operating profit(2)$’000 | 351,811 | 291,739 | 439,207 | 376,500 | 367,181 | PDF p. 7 |
| Operating profit$’000 | 359,464 | 282,013 | 320,979 | 298,753 | 125,019 | PDF p. 7 |
| Profit before tax$’000 | 525,507 | 324,901 | 171,842 | 172,560 | 111,223 | PDF p. 7 |
| Profit attributable to equity holders of the Company$’000 | 392,728 | 207,088 | 128,531 | 107,050 | 95,199 | PDF p. 7 |
| Proposed dividends in respect of the ordinary shares$’000 | 66,586 | 66,591 | 66,683 | 77,916 | 89,188 | PDF p. 7 |
| STATEMENTS OF FINANCIAL POSITION | ||||||
| Property, plant and equipment and right-of-use assets$’000 | 459,407 | 439,646 | 436,890 | 438,318 | 401,873 | PDF p. 7 |
| Investment properties$’000 | 5,931,715 | 6,202,902 | 6,785,249 | 6,970,809 | 6,864,944 | PDF p. 7 |
| Associates and joint ventures$’000 | 554,406 | 519,502 | 733,412 | 680,286 | 836,733 | PDF p. 7 |
| Inventories and deposits for land$’000 | 4,115,488 | 3,785,221 | 3,332,266 | 3,140,920 | 2,341,914 | PDF p. 7 |
| Cash and cash equivalents$’000 | 1,084,925 | 890,444 | 991,841 | 761,332 | 754,677 | PDF p. 7 |
| Other assets$’000 | 182,472 | 172,105 | 250,224 | 383,598 | 175,212 | PDF p. 7 |
| Total assets$’000 | 12,328,413 | 12,009,820 | 12,529,882 | 12,375,263 | 11,375,353 | PDF p. 7 |
| Equity attributable to ordinary equity holders of the Company$’000 | 4,283,813 | 4,270,518 | 4,336,621 | 4,339,992 | 4,405,842 | PDF p. 7 |
| Perpetual securities$’000 | 407,656 | 408,015 | 408,066 | 181,313 | 303,070 | PDF p. 7 |
| Non-controlling interests$’000 | 620,780 | 891,411 | 962,101 | 1,006,225 | 868,553 | PDF p. 7 |
| Total equity$’000 | 5,312,249 | 5,569,944 | 5,706,788 | 5,527,530 | 5,577,465 | PDF p. 7 |
| Loans and borrowings$’000 | 5,646,771 | 5,114,224 | 5,333,978 | 5,483,913 | 4,445,864 | PDF p. 7 |
| Other liabilities$’000 | 1,369,393 | 1,325,652 | 1,489,116 | 1,363,820 | 1,352,024 | PDF p. 7 |
| Total equity and liabilities$’000 | 12,328,413 | 12,009,820 | 12,529,882 | 12,375,263 | 11,375,353 | PDF p. 7 |
| RATIOS | ||||||
| Net asset value per share (S$)S$ per share | 3.86 | 3.85 | 3.90 | 3.90 | 3.95 | PDF p. 7 |
| Basic earnings per share(4) (cents)cents | 33.68 | 16.97 | 9.90 | 8.43 | 7.36 | PDF p. 7 |
| Dividend per ordinary share (cents)cents | 6 | 6 | 6 | 7 | 8 | PDF p. 7 |
Definitions & sources
Original report: PDF p. 7 ↗
(1) “Others” included revenue of hotels.
(2) “Underlying operating profit” refers to operating profit after including share of results of associates and joint ventures, and excluding allowance for foreseeable losses on development properties.
(3) Derived after deducting dividend payments in respect of ordinary shares of the Company which were held by the Trust for the Executive Share Scheme.
(4) Based on the profit attributable to ordinary equity holders of the Company divided by the weighted average number of ordinary shares of the Company in issue, after adjusting for the shares held by the Trust.
Statements of Financial Position
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment and right-of-use assets$’000 | 401,873 | 438,318 | – | – | PDF p. 80 |
| Investment properties$’000 | 6,864,944 | 6,970,809 | – | – | PDF p. 80 |
| Subsidiaries$’000 | – | – | 2,257,688 | 2,233,701 | PDF p. 80 |
| Associates and joint ventures$’000 | 836,733 | 680,286 | – | – | PDF p. 80 |
| Deferred tax assets$’000 | 19,283 | 13,190 | – | – | PDF p. 80 |
| Non-current assets subtotal | |||||
| Subtotal$’000 | 8,122,833 | 8,102,603 | 2,257,688 | 2,233,701 | PDF p. 80 |
| Current assets | |||||
| Inventories$’000 | 2,341,914 | 3,140,920 | – | – | PDF p. 80 |
| Trade and other receivables$’000 | 155,929 | 370,408 | 1,741 | 1,159 | PDF p. 80 |
| Cash and cash equivalents$’000 | 754,677 | 761,332 | 133 | 60 | PDF p. 80 |
| Current assets subtotal | |||||
| Subtotal$’000 | 3,252,520 | 4,272,660 | 1,874 | 1,219 | PDF p. 80 |
| Assets | |||||
| Total assets$’000 | 11,375,353 | 12,375,263 | 2,259,562 | 2,234,920 | PDF p. 80 |
| Equity | |||||
| Share capital$’000 | 1,926,053 | 1,926,053 | 1,926,053 | 1,926,053 | PDF p. 80 |
| Reserves$’000 | 2,479,789 | 2,413,939 | 188,548 | 306,373 | PDF p. 80 |
| Equity attributable to ordinary equity holders of the Company$’000 | 4,405,842 | 4,339,992 | 2,114,601 | 2,232,426 | PDF p. 80 |
| Perpetual securities$’000 | 303,070 | 181,313 | – | – | PDF p. 80 |
| Non-controlling interests$’000 | 868,553 | 1,006,225 | – | – | PDF p. 80 |
| Total equity$’000 | 5,577,465 | 5,527,530 | 2,114,601 | 2,232,426 | PDF p. 80 |
| Non-current liabilities | |||||
| Other payables, including derivatives$’000 | 570,842 | 619,289 | 143,522 | 1,480 | PDF p. 80 |
| Loans and borrowings$’000 | 3,669,919 | 4,609,736 | – | – | PDF p. 80 |
| Deferred tax liabilities$’000 | 134,512 | 122,168 | – | – | PDF p. 80 |
| Non-current liabilities subtotal | |||||
| Subtotal$’000 | 4,375,273 | 5,351,193 | 143,522 | 1,480 | PDF p. 80 |
| Current liabilities | |||||
| Trade and other payables$’000 | 610,906 | 598,457 | 1,080 | 956 | PDF p. 80 |
| Loans and borrowings$’000 | 775,945 | 874,177 | – | – | PDF p. 80 |
| Current tax liabilities$’000 | 35,764 | 23,906 | 359 | 58 | PDF p. 80 |
| Current liabilities subtotal | |||||
| Subtotal$’000 | 1,422,615 | 1,496,540 | 1,439 | 1,014 | PDF p. 80 |
| Liabilities | |||||
| Total liabilities$’000 | 5,797,888 | 6,847,733 | 144,961 | 2,494 | PDF p. 80 |
| Equity and liabilities | |||||
| Total equity and liabilities$’000 | 11,375,353 | 12,375,263 | 2,259,562 | 2,234,920 | PDF p. 80 |
Definitions & sources
Original report: PDF p. 80 ↗
As at 30 June 2026. The statements include note references as printed; no additional table footnotes are shown on this page.
The page states: “The accompanying notes form an integral part of these financial statements.”
Consolidated Statement of Profit or Loss
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Revenue | |||
| Revenue$’000 | 1,433,963 | 1,916,402 | PDF p. 81 |
| Cost of sales | |||
| – Others$’000 | (1,037,368) | (1,467,760) | PDF p. 81 |
| – Allowance for foreseeable losses on development properties$’000 | (209,769) | (82,803) | PDF p. 81 |
| Gross profit | |||
| Gross profit$’000 | 186,826 | 365,839 | PDF p. 81 |
| Other income | |||
| Other income$’000 | 34,000 | 23,379 | PDF p. 81 |
| Expenses | |||
| Administrative expenses$’000 | (81,511) | (82,403) | PDF p. 81 |
| Other expenses$’000 | (14,296) | (8,062) | PDF p. 81 |
| Operating profit | |||
| Operating profit$’000 | 125,019 | 298,753 | PDF p. 81 |
| Share of results | |||
| Share of profit/(loss) of associates and joint ventures (net of tax)$’000 | 32,393 | (5,056) | PDF p. 81 |
| Finance | |||
| Finance income$’000 | 26,900 | 35,525 | PDF p. 81 |
| Finance costs$’000 | (155,334) | (215,515) | PDF p. 81 |
| Net finance costs$’000 | (128,434) | (179,990) | PDF p. 81 |
| Profit before fair value gains on investment properties | |||
| Subtotal$’000 | 28,978 | 113,707 | PDF p. 81 |
| Fair value gains | |||
| Fair value gains on investment properties$’000 | 82,245 | 58,853 | PDF p. 81 |
| Profit before tax | |||
| Profit before tax$’000 | 111,223 | 172,560 | PDF p. 81 |
| Tax | |||
| Tax expense$’000 | (32,664) | (33,747) | PDF p. 81 |
| Profit for the year | |||
| Profit for the year$’000 | 78,559 | 138,813 | PDF p. 81 |
| Profit attributable to: | |||
| Equity holders of the Company$’000 | 95,199 | 107,050 | PDF p. 81 |
| Non-controlling interests$’000 | (16,640) | 31,763 | PDF p. 81 |
| Profit for the year$’000 | 78,559 | 138,813 | PDF p. 81 |
| Earnings per share (cents) | |||
| Basiccents per share | 7.36 | 8.43 | PDF p. 81 |
| Dilutedcents per share | 7.35 | 8.42 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
The page states: “The accompanying notes form an integral part of these financial statements.”
Consolidated Statement of Comprehensive Income
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Profit for the year | |||
| Profit for the year$’000 | 78,559 | 138,813 | PDF p. 82 |
| Other comprehensive income; items that are or may be reclassified subsequently to profit or loss: | |||
| Translation differences relating to financial statements of foreign subsidiaries, associates and joint ventures$’000 | 103,445 | (26,844) | PDF p. 82 |
| Effective portion of changes in fair value of cash flow hedges$’000 | 4,760 | (16,065) | PDF p. 82 |
| Net (loss)/gain on hedge of net investment in foreign operations$’000 | (23,946) | 16,805 | PDF p. 82 |
| Other comprehensive income | |||
| Total other comprehensive income for the year, net of tax$’000 | 84,259 | (26,104) | PDF p. 82 |
| Comprehensive income | |||
| Total comprehensive income for the year, net of tax$’000 | 162,818 | 112,709 | PDF p. 82 |
| Attributable to: | |||
| Equity holders of the Company$’000 | 155,356 | 80,674 | PDF p. 82 |
| Non-controlling interests$’000 | 7,462 | 32,035 | PDF p. 82 |
| Total comprehensive income for the year, net of tax$’000 | 162,818 | 112,709 | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
The page states: “The accompanying notes form an integral part of these financial statements.”
Consolidated Statement of Changes in Equity — year ended 30 June 2026
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — Share Capital | 2026Group — Other Reserves | 2026Group — Accumulated Profits | 2026Group — Total Ordinary Equity | 2026Group — Perpetual Securities | 2026Group — Non-Controlling Interests | 2026Group — Total Equity | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balances | ||||||||
| At 1 July 2025$’000 | 1,926,053 | (311,421) | 2,725,360 | 4,339,992 | 181,313 | 1,006,225 | 5,527,530 | PDF p. 83 |
| Total comprehensive income for the year | ||||||||
| Profit for the year$’000 | – | – | 95,199 | 95,199 | – | (16,640) | 78,559 | PDF p. 83 |
| Other comprehensive income | ||||||||
| Translation differences relating to financial statements of foreign subsidiaries, associates and joint ventures$’000 | – | 80,505 | – | 80,505 | – | 22,940 | 103,445 | PDF p. 83 |
| Effective portion of changes in fair value of cash flow hedges$’000 | – | 3,598 | – | 3,598 | – | 1,162 | 4,760 | PDF p. 83 |
| Net loss on hedge of net investment in foreign operations$’000 | – | (23,946) | – | (23,946) | – | – | (23,946) | PDF p. 83 |
| Total other comprehensive income, net of tax$’000 | – | 60,157 | – | 60,157 | – | 24,102 | 84,259 | PDF p. 83 |
| Total comprehensive income for the year | ||||||||
| Total comprehensive income for the year, net of tax$’000 | – | 60,157 | 95,199 | 155,356 | – | 7,462 | 162,818 | PDF p. 83 |
| Transactions with equity holders — contributions by and distributions to equity holders | ||||||||
| Share-based payments$’000 | – | 1,610 | – | 1,610 | – | – | 1,610 | PDF p. 83 |
| Accrued distribution for perpetual securities$’000 | – | – | (13,200) | (13,200) | 13,200 | – | – | PDF p. 83 |
| Distribution payment for perpetual securities$’000 | – | – | – | – | (11,062) | – | (11,062) | PDF p. 83 |
| Issue of perpetual securities (note 15)$’000 | – | – | – | – | 119,619 | – | 119,619 | PDF p. 83 |
| Dividends (note 26)$’000 | – | – | (77,916) | (77,916) | – | (21,246) | (99,162) | PDF p. 83 |
| Capital reduction of a subsidiary with non-controlling interests$’000 | – | – | – | – | – | (3,000) | (3,000) | PDF p. 83 |
| Deemed disposal of a subsidiary with non-controlling interests (note 31)$’000 | – | – | – | – | – | (120,888) | (120,888) | PDF p. 83 |
| Transactions with equity holders | ||||||||
| Total contributions by and distributions to equity holders$’000 | – | 1,610 | (91,116) | (89,506) | 121,757 | (145,134) | (112,883) | PDF p. 83 |
| Total transactions with equity holders$’000 | – | 1,610 | (91,116) | (89,506) | 121,757 | (145,134) | (112,883) | PDF p. 83 |
| Closing balances | ||||||||
| At 30 June 2026$’000 | 1,926,053 | (249,654) | 2,729,443 | 4,405,842 | 303,070 | 868,553 | 5,577,465 | PDF p. 83 |
Definitions & sources
Original report: PDF p. 83 ↗
The table header identifies “Attributable to ordinary equity holders of the Company” above Share Capital, Other Reserves, Accumulated Profits and Total Ordinary Equity; further columns are Perpetual Securities, Non-Controlling Interests and Total Equity.
The statement presents the consolidated Group only; no separate Company equity movement columns are shown.
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Changes in Equity — year ended 30 June 2025
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — Share Capital | 2025Group — Other Reserves | 2025Group — Accumulated Profits | 2025Group — Total Ordinary Equity | 2025Group — Perpetual Securities | 2025Group — Non-Controlling Interests | 2025Group — Total Equity | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balances | ||||||||
| At 1 July 2024$’000 | 1,926,053 | (287,595) | 2,698,163 | 4,336,621 | 408,066 | 962,101 | 5,706,788 | PDF p. 84 |
| Total comprehensive income for the year | ||||||||
| Profit for the year$’000 | – | – | 107,050 | 107,050 | – | 31,763 | 138,813 | PDF p. 84 |
| Other comprehensive income | ||||||||
| Translation differences relating to financial statements of foreign subsidiaries, associates and joint ventures$’000 | – | (31,019) | – | (31,019) | – | 4,175 | (26,844) | PDF p. 84 |
| Effective portion of changes in fair value of cash flow hedges$’000 | – | (12,162) | – | (12,162) | – | (3,903) | (16,065) | PDF p. 84 |
| Net gain on hedge of net investment in foreign operations$’000 | – | 16,805 | – | 16,805 | – | – | 16,805 | PDF p. 84 |
| Total other comprehensive income, net of tax$’000 | – | (26,376) | – | (26,376) | – | 272 | (26,104) | PDF p. 84 |
| Total comprehensive income for the year | ||||||||
| Total comprehensive income for the year, net of tax$’000 | – | (26,376) | 107,050 | 80,674 | – | 32,035 | 112,709 | PDF p. 84 |
| Transactions with equity holders — contributions by and distributions to equity holders | ||||||||
| Share-based payments$’000 | – | 2,550 | – | 2,550 | – | – | 2,550 | PDF p. 84 |
| Accrued distribution for perpetual securities$’000 | – | – | (13,170) | (13,170) | 13,170 | – | – | PDF p. 84 |
| Distribution payment for perpetual securities$’000 | – | – | – | – | (18,450) | – | (18,450) | PDF p. 84 |
| Issue of perpetual securities (note 15)$’000 | – | – | – | – | 178,527 | – | 178,527 | PDF p. 84 |
| Redemption of perpetual securities (note 15)$’000 | – | – | – | – | (400,000) | – | (400,000) | PDF p. 84 |
| Dividends (note 26)$’000 | – | – | (66,683) | (66,683) | – | (7,911) | (74,594) | PDF p. 84 |
| Capitalisation of shareholder’s loan from non-controlling interests$’000 | – | – | – | – | – | 20,000 | 20,000 | PDF p. 84 |
| Transactions with equity holders | ||||||||
| Total contributions by and distributions to equity holders$’000 | – | 2,550 | (79,853) | (77,303) | (226,753) | 12,089 | (291,967) | PDF p. 84 |
| Total transactions with equity holders$’000 | – | 2,550 | (79,853) | (77,303) | (226,753) | 12,089 | (291,967) | PDF p. 84 |
| Closing balances | ||||||||
| At 30 June 2025$’000 | 1,926,053 | (311,421) | 2,725,360 | 4,339,992 | 181,313 | 1,006,225 | 5,527,530 | PDF p. 84 |
Definitions & sources
Original report: PDF p. 84 ↗
The table header identifies “Attributable to ordinary equity holders of the Company” above Share Capital, Other Reserves, Accumulated Profits and Total Ordinary Equity; further columns are Perpetual Securities, Non-Controlling Interests and Total Equity.
The statement presents the consolidated Group only; no separate Company equity movement columns are shown.
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Cash Flows
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the year$’000 | 78,559 | 138,813 | PDF p. 85 |
| Adjustments for:- | |||
| Allowance for foreseeable losses on development properties$’000 | 209,769 | 82,803 | PDF p. 85 |
| Allowance for credit loss on trade and other receivables$’000 | 132 | 368 | PDF p. 85 |
| Depreciation of property, plant and equipment and right-of-use assets$’000 | 10,924 | 11,157 | PDF p. 85 |
| Finance costs$’000 | 155,334 | 215,515 | PDF p. 85 |
| Loss on deemed disposal of interests in subsidiaries$’000 | 112 | – | PDF p. 85 |
| Gain on disposal of property, plant and equipment$’000 | (20,612) | (117) | PDF p. 85 |
| Finance income$’000 | (26,900) | (35,525) | PDF p. 85 |
| Fair value gains from investment properties$’000 | (82,245) | (58,853) | PDF p. 85 |
| Share of (profit)/loss of associates and joint ventures (net of tax)$’000 | (32,393) | 5,056 | PDF p. 85 |
| Write-off of inventories$’000 | – | 6,147 | PDF p. 85 |
| Write-off of property, plant and equipment$’000 | 122 | 198 | PDF p. 85 |
| Share-based payments$’000 | 1,610 | 2,550 | PDF p. 85 |
| Unrealised exchange loss/(gains)$’000 | 13,267 | (8,320) | PDF p. 85 |
| Tax expense$’000 | 32,664 | 33,747 | PDF p. 85 |
| Subtotal$’000 | 340,343 | 393,539 | PDF p. 85 |
| Changes in:- | |||
| Inventories$’000 | 267,465 | (348,845) | PDF p. 85 |
| Trade and other receivables$’000 | 572,092 | 232,904 | PDF p. 85 |
| Trade and other payables$’000 | 37,793 | (31,184) | PDF p. 85 |
| Balances with related corporations$’000 | 416 | (2) | PDF p. 85 |
| Cash flows from operating activities | |||
| Cash from operating activities$’000 | 1,218,109 | 246,412 | PDF p. 85 |
| Tax paid$’000 | (15,688) | (43,605) | PDF p. 85 |
| Net cash from operating activities$’000 | 1,202,421 | 202,807 | PDF p. 85 |
| Cash flows from investing activities | |||
| Investment in equity-accounted investee$’000 | (27,000) | (19,800) | PDF p. 85 |
| Additions to investment properties$’000 | (15,537) | (118,017) | PDF p. 85 |
| Additions to property, plant and equipment$’000 | (6,026) | (6,676) | PDF p. 85 |
| Repayment from associates and joint ventures$’000 | 10,126 | 250,278 | PDF p. 85 |
| Advances to associates and joint ventures$’000 | (49,892) | (168,532) | PDF p. 85 |
| Dividends and distribution received from associates and joint ventures$’000 | 25,571 | 8,755 | PDF p. 85 |
| Interest received$’000 | 8,893 | 17,030 | PDF p. 85 |
| Deemed disposal of subsidiaries, net of cash derecognised$’000 | (10,518) | – | PDF p. 85 |
| Proceeds from disposal of property, plant and equipment$’000 | 52,023 | 600 | PDF p. 85 |
| Net cash used in investing activities$’000 | (12,360) | (36,362) | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
No Company cash flow statement is presented in the read statement pages; this is the Group consolidated statement.
The page 85 adjustments subtotal is printed without a row label; it is retained as “Adjustments subtotal” with the exact numeric row quote.
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Cash Flows (continued)
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Capital reduction of a subsidiary with non-controlling interests$’000 | (3,000) | – | PDF p. 86 |
| Dividends paid$’000 | (77,916) | (66,683) | PDF p. 86 |
| Dividends paid to non-controlling interests$’000 | (21,246) | (7,911) | PDF p. 86 |
| Distribution payment for perpetual securities$’000 | (11,062) | (18,450) | PDF p. 86 |
| Decrease/(Increase) in fixed deposits pledged$’000 | 4,001 | (5,427) | PDF p. 86 |
| Interest paid$’000 | (138,543) | (217,076) | PDF p. 86 |
| Payment for lease liabilities$’000 | (129) | (185) | PDF p. 86 |
| Proceeds from loans and borrowings$’000 | 1,860,148 | 3,474,373 | PDF p. 86 |
| Proceeds of loans from non-controlling interests$’000 | – | 39,000 | PDF p. 86 |
| Proceeds from issue of perpetual securities$’000 | 119,619 | 178,527 | PDF p. 86 |
| Repayment of loans from non-controlling interests$’000 | (72,942) | (51,850) | PDF p. 86 |
| Repayment of loans and borrowings$’000 | (2,865,990) | (3,314,721) | PDF p. 86 |
| Redemption of perpetual securities$’000 | – | (400,000) | PDF p. 86 |
| Net cash used in financing activities$’000 | (1,207,060) | (390,403) | PDF p. 86 |
| Cash and cash equivalents | |||
| Net decrease in cash and cash equivalents$’000 | (16,999) | (223,958) | PDF p. 86 |
| Cash and cash equivalents at beginning of the year$’000 | 745,970 | 981,893 | PDF p. 86 |
| Exchange differences on translation of balances held in foreign currencies$’000 | 14,345 | (11,965) | PDF p. 86 |
| Cash and cash equivalents at end of the year$’000 | 743,316 | 745,970 | PDF p. 86 |
Definitions & sources
Original report: PDF p. 86 ↗
This is the continuation page of the consolidated cash flow statement; its rows are included in the preceding full cash flow table as well.
The accompanying notes form an integral part of these financial statements.
Financial Highlights
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | Source |
|---|---|---|
| Financial Highlights | ||
| REVENUESGD million | 1,434 | PDF p. 6 |
| UNDERLYING OPERATING PROFITSGD million | 367 | PDF p. 6 |
| OPERATING PROFITSGD million | 125 | PDF p. 6 |
| ATTRIBUTABLE PROFITSGD million | 95 | PDF p. 6 |
| DEBT-TO-ASSETSx | 0.39 | PDF p. 6 |
| DIVIDEND PER SHAREcents | 8.0 | PDF p. 6 |
Definitions & sources
Original report: PDF p. 6 ↗
REVENUE: Reported comparison: down 25% from FY2025 (downward triangle on original PDF p.6).
UNDERLYING OPERATING PROFIT: Reported comparison: down 2% from FY2025 (downward triangle on original PDF p.6).
OPERATING PROFIT: Reported comparison: down 58% from FY2025 (downward triangle on original PDF p.6).
ATTRIBUTABLE PROFIT: Reported comparison: down 11% from FY2025 (downward triangle on original PDF p.6).
DEBT-TO-ASSETS: Reported FY2025 comparator: 0.44x.
DIVIDEND PER SHARE: Reported FY2025 dividend per share comparator: 7.0 cents.
FY2026 financial-highlight amounts retain their printed magnitude. SGD million for monetary amounts; debt-to-assets in times; dividends in cents.
Note 24 — EPS numerator and weighted ordinary shares
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Note 24 — EPS numerator and weighted ordinary shares | |||
| Profit attributable to equity holders of the CompanySGD thousands | 95,199 | 107,050 | PDF p. 138 |
| Less: Profit attributable to perpetual securities holdersSGD thousands | (13,200) | (13,170) | PDF p. 138 |
| Profit attributable to ordinary equity holders of the CompanySGD thousands | 81,999 | 93,880 | PDF p. 138 |
| Issued ordinary shares at 30 Juneordinary shares (thousands) | 1,183,373 | 1,183,373 | PDF p. 138 |
| Effect of own shares held by the Trustordinary shares (thousands) | (68,521) | (70,289) | PDF p. 138 |
| Weighted average number of ordinary shares used in the computation of basic EPSordinary shares (thousands) | 1,114,852 | 1,113,084 | PDF p. 138 |
| Profit attributable to ordinary equity holders of the CompanySGD thousands | 81,999 | 93,880 | PDF p. 138 |
| Weighted average number of ordinary shares used in the computation of basic EPSordinary shares (thousands) | 1,114,852 | 1,113,084 | PDF p. 138 |
| Assumed vesting of share grantsordinary shares (thousands) | 464 | 1,774 | PDF p. 138 |
| Weighted average number of ordinary shares used in the computation of diluted EPSordinary shares (thousands) | 1,115,316 | 1,114,858 | PDF p. 138 |
Definitions & sources
Original report: PDF p. 138 ↗
EPS uses profit attributable to ordinary equity holders after perpetual securities distributions, and weighted ordinary shares after adjusting shares held by the Trust. Share counts are in thousands; no zero substitution or inferred conversion.
Note 26 — Dividends paid
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Payment year; Company/Group as stated in row | 2025Payment year; Company/Group as stated in row | Source |
|---|---|---|---|
| Note 26 — Dividends paid | |||
| Final one-tier ordinary dividend paid of 7 cents (2025: 6 cents) per ordinary share in respect of the previous financial yearSGD thousands | 77,916 | 66,683 | PDF p. 143 |
| Paid by subsidiaries to non-controlling interestsSGD thousands | 21,246 | 7,911 | PDF p. 143 |
Definitions & sources
Original report: PDF p. 143 ↗
Company ordinary dividend payments relate to the previous financial year; columns identify the payment year.
After the reporting date the Directors proposed a final dividend of 8 cents per ordinary share (2025: 7 cents), amounting to SGD89.2 million (2025: SGD77.9 million). The dividends have not been provided for.
Dividend payments on 70.3 million ordinary shares (2025:72.0 million) held by the Trust for the Executive Share Scheme were eliminated.
Where the money comes from
Segment information
By business
Operating Segments 2026 (Note 30) 16 lines
| Item / unit | 2026GuocoLand Singapore, $'000 | 2026GuocoLand China, $'000 | 2026GuocoLand Malaysia, $'000 | 2026Sub-Total, $'000 | 2026Unallocated, $'000 | 2026Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| External revenue$'000 | 933,570 | 255,259 | 176,718 | 1,365,547 | 68,416 | 1,433,963 | PDF p. 156 |
| Results | |||||||
| Operating profit/(loss)$'000 | 312,217 | (219,368) | 20,867 | 113,716 | 11,303 | 125,019 | PDF p. 156 |
| Share of profit of associates and joint ventures (net of tax)$'000 | 32,025 | 54 | 314 | 32,393 | – | 32,393 | PDF p. 156 |
| Finance income$'000 | 4,622 | 1,192 | 1,932 | 7,746 | 19,154 | 26,900 | PDF p. 156 |
| Finance costs$'000 | (75,787) | (10,484) | (7,468) | (93,739) | (61,595) | (155,334) | PDF p. 156 |
| Net finance costs$'000 | (71,165) | (9,292) | (5,536) | (85,993) | (42,441) | (128,434) | PDF p. 156 |
| Fair value gains on investment properties$'000 | 93,493 | (12,489) | 141 | 81,145 | 1,100 | 82,245 | PDF p. 156 |
| Profit/(Loss) before tax$'000 | 366,570 | (241,095) | 15,786 | 141,261 | (30,038) | 111,223 | PDF p. 156 |
| Tax (expense)/credit$'000 | (24,691) | 4,352 | (6,276) | (26,615) | (6,049) | (32,664) | PDF p. 156 |
| Profit/(Loss) for the year$'000 | 341,879 | (236,743) | 9,510 | 114,646 | (36,087) | 78,559 | PDF p. 156 |
| Assets | |||||||
| Segment assets$'000 | 9,020,703 | 1,319,181 | 573,007 | 10,912,891 | 462,462 | 11,375,353 | PDF p. 156 |
| Liabilities | |||||||
| Segment liabilities$'000 | 3,450,978 | 412,325 | 138,240 | 4,001,543 | 1,796,345 | 5,797,888 | PDF p. 156 |
| Other segment items | |||||||
| Associates and joint ventures$'000 | 697,383 | 2,893 | 136,457 | 836,733 | – | 836,733 | PDF p. 156 |
| Depreciation$'000 | (188) | (325) | (839) | (1,352) | (9,572) | (10,924) | PDF p. 156 |
| Allowance for foreseeable losses on development properties$'000 | – | (207,205) | (2,564) | (209,769) | – | (209,769) | PDF p. 156 |
| Capital Expenditure$'000 | 15,300 | 2,353 | 8,767 | 26,420 | 1,959 | 28,379 | PDF p. 156 |
Notes
Hotel operations (Singapore and Malaysia) are included in the 'Unallocated' column. Performance is measured based on segment profit after income tax.
Operating Segments 2025 (Note 30) 16 lines
| Item / unit | 2025GuocoLand Singapore, $'000 | 2025GuocoLand China, $'000 | 2025GuocoLand Malaysia, $'000 | 2025Sub-Total, $'000 | 2025Unallocated, $'000 | 2025Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| External revenue$'000 | 1,520,591 | 210,543 | 115,189 | 1,846,323 | 70,079 | 1,916,402 | PDF p. 157 |
| Results | |||||||
| Operating profit/(loss)$'000 | 382,365 | (92,105) | 18,876 | 309,136 | (10,383) | 298,753 | PDF p. 157 |
| Share of (loss)/profit of associates and joint ventures (net of tax)$'000 | (6,795) | 69 | 1,670 | (5,056) | – | (5,056) | PDF p. 157 |
| Finance income$'000 | 10,182 | 3,835 | 1,588 | 15,605 | 19,920 | 35,525 | PDF p. 157 |
| Finance costs$'000 | (123,161) | (14,776) | (8,545) | (146,482) | (69,033) | (215,515) | PDF p. 157 |
| Net finance costs$'000 | (112,979) | (10,941) | (6,957) | (130,877) | (49,113) | (179,990) | PDF p. 157 |
| Fair value gains on investment properties$'000 | 76,470 | (19,173) | 756 | 58,053 | 800 | 58,853 | PDF p. 157 |
| Profit/(Loss) before tax$'000 | 339,061 | (122,150) | 14,345 | 231,256 | (58,696) | 172,560 | PDF p. 157 |
| Tax (expense)/credit$'000 | (37,569) | 10,026 | (5,041) | (32,584) | (1,163) | (33,747) | PDF p. 157 |
| Profit/(Loss) for the year$'000 | 301,492 | (112,124) | 9,304 | 198,672 | (59,859) | 138,813 | PDF p. 157 |
| Assets | |||||||
| Segment assets$'000 | 9,397,110 | 1,737,507 | 747,954 | 11,882,571 | 492,692 | 12,375,263 | PDF p. 157 |
| Liabilities | |||||||
| Segment liabilities$'000 | 3,939,742 | 630,773 | 226,314 | 4,796,829 | 2,050,904 | 6,847,733 | PDF p. 157 |
| Other segment items | |||||||
| Associates and joint ventures$'000 | 605,390 | 2,667 | 72,229 | 680,286 | – | 680,286 | PDF p. 157 |
| Depreciation$'000 | (207) | (344) | (892) | (1,443) | (9,714) | (11,157) | PDF p. 157 |
| Allowance for foreseeable losses on development properties$'000 | – | (81,795) | (1,008) | (82,803) | – | (82,803) | PDF p. 157 |
| Capital Expenditure$'000 | 132,646 | 172 | 3,162 | 135,980 | 4,514 | 140,494 | PDF p. 157 |
Notes
Comparative year ended 30 June 2025. Hotel operations are included in 'Unallocated'.
Business sector information 5 lines
| Item / unit | 2026Property Development, $'000 | 2026Property Investment, $'000 | 2026Unallocated, $'000 | 2026Total, $'000 | 2025Property Development, $'000 | 2025Property Investment, $'000 | 2025Unallocated, $'000 | 2025Total, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue$'000 | 1,073,026 | 292,521 | 68,416 | 1,433,963 | 1,565,234 | 281,089 | 70,079 | 1,916,402 | PDF p. 158 |
| Operating profit$'000 | (101,742) | 215,458 | 11,303 | 125,019 | 98,127 | 211,009 | (10,383) | 298,753 | PDF p. 158 |
| Fair value gains on investment properties$'000 | – | 81,145 | 1,100 | 82,245 | – | 58,053 | 800 | 58,853 | PDF p. 158 |
| Total Assets$'000 | 3,880,408 | 7,032,483 | 462,462 | 11,375,353 | 4,742,299 | 7,140,272 | 492,692 | 12,375,263 | PDF p. 158 |
| Total liabilities$'000 | 1,602,450 | 2,399,093 | 1,796,345 | 5,797,888 | 2,095,129 | 2,701,700 | 2,050,904 | 6,847,733 | PDF p. 158 |
Notes
Major customers: no customers contribute more than 10 percent of Group revenue.
Comparative year.
By geography
Geographical information 4 lines
| Item / unit | 2026External Revenue, $'000 | 2026Non-current Assets#, $'000 | 2025External Revenue, $'000 | 2025Non-current Assets#, $'000 | Source |
|---|---|---|---|---|---|
| Singapore$'000 | 973,484 | 7,200,958 | 1,561,181 | 7,004,026 | PDF p. 158 |
| China$'000 | 255,259 | 559,682 | 210,543 | 539,927 | PDF p. 158 |
| Malaysia$'000 | 205,220 | 342,910 | 144,678 | 545,460 | PDF p. 158 |
| Total (unlabelled)$'000 | 1,433,963 | 8,103,550 | 1,916,402 | 8,089,413 | PDF p. 158 |
Notes
# Excludes deferred tax assets.
Segment revenue is based on the geographical location of customers. Non-current assets are based on the geographical location of the assets.
Last row is the unlabelled total.
Debt
Borrowings
Maturity of loans and borrowings
| Item / unit | 202630 June 2026, $'000 | 202530 June 2025, $'000 | Source |
|---|---|---|---|
| Maturity of loans and borrowings | |||
| Within 1 year$'000 | 775,945 | 874,177 | PDF p. 127 |
| After 1 year but within 5 years$'000 | 3,629,949 | 4,482,448 | PDF p. 127 |
| After 5 years$'000 | 39,970 | 127,288 | PDF p. 127 |
| Total loans and borrowings$'000 | 4,445,864 | 5,483,913 | PDF p. 127 |
Notes
Maturity of loans and borrowings:-
Maturity of lease liabilities
| Item / unit | 20262026, $'000 | 20252025, $'000 | Source |
|---|---|---|---|
| Maturity of lease liabilities | |||
| Within 1 year$'000 | 280 | 562 | PDF p. 132 |
| Between 1 to 2 years$'000 | 291 | 521 | PDF p. 132 |
| Between 2 to 3 years$'000 | 303 | 547 | PDF p. 132 |
| Between 3 to 4 years$'000 | 315 | 559 | PDF p. 132 |
| Between 4 to 5 years$'000 | 328 | 570 | PDF p. 132 |
| More than 5 years$'000 | 1,379 | 1,677 | PDF p. 132 |
Notes
Total printed 2,896 (2026) and 4,436 (2025). Leases run 6 to 9 years (2025: 2 to 9 years) with interest rates 4.9% to 5.0% (2025: 3.9% to 5.0%) per annum.
Borrowing notes 3 tables
Loans and borrowings
| Item / unit | 202630 June 2026, $'000 | 202530 June 2025, $'000 | Source |
|---|---|---|---|
| Non-current | |||
| Secured bank loans$'000 | 2,742,669 | 3,598,094 | PDF p. 127 |
| Unsecured bank loans$'000 | 319,597 | 233,336 | PDF p. 127 |
| Unsecured medium-term notes$'000 | 607,653 | 778,306 | PDF p. 127 |
| Non-current total$'000 | 3,669,919 | 4,609,736 | PDF p. 127 |
| Current | |||
| Secured bank loans$'000 | 10,190 | 23,778 | PDF p. 127 |
| Unsecured bank loans$'000 | 286,055 | 650,413 | PDF p. 127 |
| Unsecured medium-term notes$'000 | 479,700 | 199,986 | PDF p. 127 |
| Current total$'000 | 775,945 | 874,177 | PDF p. 127 |
| Total | |||
| Total loans and borrowings$'000 | 4,445,864 | 5,483,913 | PDF p. 127 |
Notes
Loans classified non-current when the Group has an existing right to defer settlement for at least 12 months after the reporting period.
At the reporting date, the Group's loans from banks bore interest ranging from 1.7% to 4.5% (2025: 2.4% to 5.1%) per annum.
Unsecured fixed rate medium-term notes issued by GLL IHT Pte Ltd with tenor 1 to 5 years (2025: 1 to 5 years); interest rates ranged from 2.3% to 4.4% (2025: 3.3% to 4.4%) per annum; guaranteed by the Company.
Currency: Singapore dollars thousands as printed ($'000).
Assets securing secured loans and borrowings
| Item / unit | 202630 June 2026, $'000 | 202530 June 2025, $'000 | Source |
|---|---|---|---|
| Secured on assets | |||
| Property, plant and equipment$'000 | 371,396 | 373,721 | PDF p. 127 |
| Investment properties$'000 | 5,204,709 | 5,613,087 | PDF p. 127 |
| Development properties$'000 | 1,135,812 | 1,587,065 | PDF p. 127 |
Notes
The secured loans and borrowings are secured on the following assets:-
Total printed 6,711,917 (2026) and 7,573,873 (2025).
Contractual undiscounted cash flows of loans and borrowings, including interest
| Item / unit | 2026Group 30 June 2026 Carrying amount | 2026Group 30 June 2026 Contractual cash flows | 2026Group 30 June 2026 Within 1 year | 2026Group 30 June 2026 Between 1 and 5 years | 2026Group 30 June 2026 More than 5 years | Source |
|---|---|---|---|---|---|---|
| Group 30 June 2026 Non-derivative financial liabilities | ||||||
| Loans and borrowings$'000 | (4,445,864) | (4,691,959) | (999,858) | (3,650,155) | (41,946) | PDF p. 150 |
Notes
Contractual undiscounted cash outflows of financial liabilities, including interest payments. 30 June 2025 row: (5,483,913) (5,933,566) (1,015,527) (4,779,422) (138,617) – columns for 2025 not tabulated separately here.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend | The Company has a Dividend Policy which aims to create long-term value for its shareholders through maintaining a balance between dividend distribution, preserving adequate liquidity and reserve to meet its working capital requirements, and capturing future growth opportunities. The Dividend Policy provides for the Board to propose or declare the payment of dividend(s) after taking into account the current financial performance of the Company, the future financial requirements of the Company and any other factors as the Board may deem relevant. | Company | PDF p. 64 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| first and final dividend | eight cents | FY2026 proposed, ordinary share | PDF p. 64 |
| Proposed dividend payment date | 18 November 2026 | FY2026 proposed final dividend | PDF p. 64 |
| one-tier final dividend | 8 cents | FY2026 proposed after reporting date, per ordinary share | PDF p. 143 |
| one-tier final dividend | 7 cents | FY2025 comparative, per ordinary share | PDF p. 143 |
| Final one-tier ordinary dividend paid | 7 cents | Paid in FY2026 in respect of previous financial year, per ordinary share | PDF p. 143 |
| Final one-tier ordinary dividend paid | 6 cents | Paid in FY2025 comparative, per ordinary share | PDF p. 143 |
| DIVIDEND PER SHARE | 8.0 cents | FY2026 vs FY2025 | PDF p. 6 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend per ordinary share (cents) | 6 6 6 7 8 | Years ended 30 June 2022, 2023, 2024, 2025, 2026 in order | PDF p. 7 |
| Proposed dividends in respect of the ordinary shares | 66,586 66,591 66,683 77,916 89,188 | Years ended 30 June 2022–2026 in order; Group, $'000 | PDF p. 7 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | KPMG LLP | Group and Company, year ended 30 June 2026 | PDF p. 79 |
| Engagement partner | Chiu Sok Hua | Group and Company | PDF p. 79 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Valuation of investment properties ($6.9 billion) | The investment properties are stated at their fair values based on independent external valuations. | Group | PDF p. 76 |
| Valuation of development properties ($1.6 billion) | Development properties are stated at the lower of cost and the estimated net realisable value (“NRV”). | Group | PDF p. 77 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Baseline omissions/rejections are retained in the accompanying raw baseline and rejection audit; statement row completeness is independently checked against source inventory.
The source presents Group and Company statements of financial position. The other primary statements in the audited financial section are consolidated Group statements; no separate Company profit-or-loss, OCI, changes-in-equity or cash-flow statements were found on pages 80–86.
Financial highlights page 6 gives rounded FY2026 values and percentage/comparator text, but not FY2025 absolute values; no reverse-calculated values have been supplied.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.