Haw Par H02
Financials
Haw Par Corporation Limited Annual Report 2025
Explore the statements
12 tablesFive-year financial summary
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Results | ||||||
| Group revenue$’000 | 229,967 | 244,824 | 232,062 | 182,092 | 141,180 | PDF p. 15 |
| Profit from operations$’000 | 276,835 | 241,916 | 225,882 | 155,844 | 112,958 | PDF p. 15 |
| Profit from operations | ||||||
| – Healthcare$’000 | 67,084 | 62,566 | 64,839 | 40,209 | 21,328 | PDF p. 15 |
| – Investment$’000 | 205,329 | 176,592 | 159,663 | 110,604 | 87,888 | PDF p. 15 |
| – Others1$’000 | 10,619 | 10,239 | 10,034 | 10,311 | 8,878 | PDF p. 15 |
| – Unallocated expenses$’000 | (6,197) | (7,481) | (8,654) | (5,280) | (5,136) | PDF p. 15 |
| Results | ||||||
| Associate’s contribution$’000 | 4,814 | 4,202 | 3,512 | 3,125 | 3,222 | PDF p. 15 |
| Profit before taxation$’000 | 281,649 | 246,118 | 229,394 | 158,969 | 116,180 | PDF p. 15 |
| Profit attributable to equity holders of the Company$’000 | 265,462 | 228,274 | 216,569 | 148,316 | 110,103 | PDF p. 15 |
| Per Share | ||||||
| Earnings (cents)cents per share | 119.9 | 103.1 | 97.8 | 67.0 | 49.8 | PDF p. 15 |
| Dividend net (cents)cents per share | 40 | 140 | 40 | 30 | 30 | PDF p. 15 |
| Dividend cover (times)times | 3.0 | 0.7 | 2.4 | 2.2 | 1.7 | PDF p. 15 |
| Statement of financial position | ||||||
| Strategic and long term investments$’000 | 3,390,898 | 3,188,191 | 2,636,007 | 2,844,117 | 2,527,981 | PDF p. 15 |
| Investment properties$’000 | 44,899 | 46,340 | 46,894 | 50,056 | 53,070 | PDF p. 15 |
| Property, plant and equipment$’000 | 49,977 | 50,064 | 49,589 | 50,397 | 31,984 | PDF p. 15 |
| Associated company$’000 | 21,897 | 19,083 | 18,881 | 15,769 | 13,044 | PDF p. 15 |
| Intangible assets$’000 | 11,116 | 11,116 | 11,116 | 11,116 | 11,116 | PDF p. 15 |
| Other net assets$’000 | 772,289 | 833,740 | 713,516 | 577,262 | 574,281 | PDF p. 15 |
| Net assets / Shareholders’ funds$’000 | 4,291,076 | 4,148,534 | 3,476,003 | 3,548,717 | 3,211,476 | PDF p. 15 |
| Statistics | ||||||
| Return on equity (%)% | 6.2 | 5.5 | 6.2 | 4.2 | 3.4 | PDF p. 15 |
| Net assets per share ($)$ per share | 19.38 | 18.74 | 15.70 | 16.03 | 14.51 | PDF p. 15 |
| Share price ($)$ per share | 15.68 | 11.15 | 9.75 | 9.58 | 11.35 | PDF p. 15 |
| Debt/Equity (%)% | 1.03 | 0.87 | 0.80 | 0.80 | - | PDF p. 15 |
| Number of shareholdersnumber | 18,849 | 19,352 | 19,900 | 19,964 | 19,619 | PDF p. 15 |
Definitions & sources
Original report: PDF p. 15 ↗
¹ ‘Others’ comprises the property and leisure divisions, each of which individually contributes less than 25% of the Group’s revenue.
² 2024 dividend net includes special dividend of $1.00 per share.
Consolidated income statement
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Revenue$’000 | 229,967 | 244,824 | PDF p. 45 |
| Cost of sales$’000 | (101,202) | (110,737) | PDF p. 45 |
| Gross profit$’000 | 128,765 | 134,087 | PDF p. 45 |
| Other income$’000 | 211,269 | 180,159 | PDF p. 45 |
| Distribution and marketing expenses$’000 | (44,301) | (52,718) | PDF p. 45 |
| General and administrative expenses$’000 | (17,375) | (17,527) | PDF p. 45 |
| Finance expenses$’000 | (1,523) | (2,085) | PDF p. 45 |
| Share of profit of associated company$’000 | 4,814 | 4,202 | PDF p. 45 |
| Profit before taxation$’000 | 281,649 | 246,118 | PDF p. 45 |
| Taxation$’000 | (16,187) | (17,844) | PDF p. 45 |
| Profit for the financial year, net of tax$’000 | 265,462 | 228,274 | PDF p. 45 |
| Earnings per share attributable to equity holders of the Company | |||
| - Basic and dilutedcents per share | 119.9 | 103.1 | PDF p. 45 |
Definitions & sources
Original report: PDF p. 45 ↗
Consolidated statement of comprehensive income
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Profit for the financial year, net of tax$’000 | 265,462 | 228,274 | PDF p. 46 |
| Other comprehensive income | |||
| Currency translation differences on consolidation of foreign entities (net)$’000 | 1,368 | 4,297 | PDF p. 46 |
| Fair value changes on investments (net)$’000 | 185,627 | 528,507 | PDF p. 46 |
| Total | |||
| Other comprehensive income for the financial year, net of tax$’000 | 186,995 | 532,804 | PDF p. 46 |
| Total comprehensive income for the financial year$’000 | 452,457 | 761,078 | PDF p. 46 |
Definitions & sources
Original report: PDF p. 46 ↗
Statements of financial position
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| ASSETS | |||||
| Cash and bank balances$’000 | 791,434 | 745,784 | 386,619 | 464,847 | PDF p. 47 |
| Investment in debt securities$’000 | 43,279 | 143,437 | – | – | PDF p. 47 |
| Trade and other receivables$’000 | 40,742 | 47,822 | 349,661 | 357,681 | PDF p. 47 |
| Inventories$’000 | 21,847 | 23,301 | – | – | PDF p. 47 |
| Tax recoverable$’000 | 875 | 546 | – | – | PDF p. 47 |
| Deferred income tax assets$’000 | 942 | 1,324 | – | – | PDF p. 47 |
| Associated company$’000 | 21,897 | 19,083 | 2,895 | 2,895 | PDF p. 47 |
| Subsidiaries$’000 | – | – | 656,735 | 555,039 | PDF p. 47 |
| Investment properties$’000 | 44,899 | 46,340 | – | – | PDF p. 47 |
| Property, plant and equipment$’000 | 49,977 | 50,064 | – | – | PDF p. 47 |
| Intangible assets$’000 | 11,116 | 11,116 | – | – | PDF p. 47 |
| Strategic and long term investments$’000 | 3,390,898 | 3,188,191 | – | – | PDF p. 47 |
| Total assets$’000 | 4,417,906 | 4,277,008 | 1,395,910 | 1,380,462 | PDF p. 47 |
| LIABILITIES | |||||
| Trade and other payables$’000 | 68,424 | 77,772 | 31,906 | 31,839 | PDF p. 47 |
| Borrowings$’000 | 44,272 | 36,295 | 44,272 | 36,295 | PDF p. 47 |
| Current income tax liabilities$’000 | 13,266 | 13,591 | 1,606 | 2,776 | PDF p. 47 |
| Deferred income tax liabilities$’000 | 868 | 816 | – | – | PDF p. 47 |
| Total liabilities$’000 | 126,830 | 128,474 | 77,784 | 70,910 | PDF p. 47 |
| NET ASSETS | |||||
| NET ASSETS$’000 | 4,291,076 | 4,148,534 | 1,318,126 | 1,309,552 | PDF p. 47 |
| EQUITY | |||||
| Share capital$’000 | 268,911 | 268,911 | 268,911 | 268,911 | PDF p. 47 |
| Retained profits$’000 | 1,534,510 | 1,578,963 | 1,049,089 | 1,040,515 | PDF p. 47 |
| Other reserves$’000 | 2,487,655 | 2,300,660 | 126 | 126 | PDF p. 47 |
| Total equity$’000 | 4,291,076 | 4,148,534 | 1,318,126 | 1,309,552 | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
Consolidated statement of changes in equity — FY2025
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; Share capital | 2025Group; Statutory reserve | 2025Group; Capital reserve | 2025Group; Fair value reserve | 2025Group; Foreign currency translation reserve | 2025Group; Retained profits | 2025Group; Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Changes in equity | ||||||||
| Balance at 1 January 2025$’000 | 268,911 | 3,020 | 38 | 2,301,124 | (3,522) | 1,578,963 | 4,148,534 | PDF p. 48 |
| Dividends paid (Note 7)$’000 | – | – | – | – | – | (309,915) | (309,915) | PDF p. 48 |
| Total comprehensive income for the financial year$’000 | – | – | – | 185,627 | 1,368 | 265,462 | 452,457 | PDF p. 48 |
| Balance at 31 December 2025$’000 | 268,911 | 3,020 | 38 | 2,486,751 | (2,154) | 1,534,510 | 4,291,076 | PDF p. 48 |
Definitions & sources
Original report: PDF p. 48 ↗
Statutory reserve is legally required to be set aside in certain subsidiaries’ countries of incorporation and restricts distribution/use.
Consolidated statement of changes in equity — FY2024
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group; Share capital | 2024Group; Statutory reserve | 2024Group; Capital reserve | 2024Group; Fair value reserve | 2024Group; Foreign currency translation reserve | 2024Group; Retained profits | 2024Group; Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Changes in equity | ||||||||
| Balance at 1 January 2024$’000 | 268,911 | 2,873 | 38 | 1,772,617 | (7,819) | 1,439,383 | 3,476,003 | PDF p. 48 |
| Transfer from retained profits to statutory reserve$’000 | – | 147 | – | – | – | (147) | – | PDF p. 48 |
| Dividends paid (Note 7)$’000 | – | – | – | – | – | (88,547) | (88,547) | PDF p. 48 |
| Total comprehensive income for the financial year$’000 | – | – | – | 528,507 | 4,297 | 228,274 | 761,078 | PDF p. 48 |
| Balance at 31 December 2024$’000 | 268,911 | 3,020 | 38 | 2,301,124 | (3,522) | 1,578,963 | 4,148,534 | PDF p. 48 |
Definitions & sources
Original report: PDF p. 48 ↗
Statutory reserve is legally required to be set aside in certain subsidiaries’ countries of incorporation and restricts distribution/use.
Consolidated statement of cash flows
37 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Operating activities | |||
| Profit before tax$’000 | 281,649 | 246,118 | PDF p. 49 |
| Adjustments for | |||
| Dividend income$’000 | (189,281) | (149,120) | PDF p. 49 |
| Interest income$’000 | (19,554) | (29,665) | PDF p. 49 |
| Depreciation of property, plant and equipment and investment properties$’000 | 6,366 | 6,111 | PDF p. 49 |
| Share of profit of associated company$’000 | (4,814) | (4,202) | PDF p. 49 |
| Finance expenses$’000 | 1,523 | 2,085 | PDF p. 49 |
| Write-back of unclaimed dividends$’000 | (1,365) | (301) | PDF p. 49 |
| Inventories written (back)/down, net$’000 | (183) | 343 | PDF p. 49 |
| Loss on disposal and write-off of property, plant and equipment, net$’000 | 17 | 29 | PDF p. 49 |
| Unrealised currency translation losses$’000 | 1,455 | 302 | PDF p. 49 |
| Operating activities | |||
| Operating profit before working capital changes$’000 | 75,813 | 71,700 | PDF p. 49 |
| Changes in working capital | |||
| - Inventories$’000 | 1,637 | (4,639) | PDF p. 49 |
| - Trade and other receivables$’000 | 3,695 | (1,154) | PDF p. 49 |
| - Trade and other payables$’000 | (7,597) | 1,757 | PDF p. 49 |
| Operating activities | |||
| Cash generated from operations$’000 | 73,548 | 67,664 | PDF p. 49 |
| Net taxation paid$’000 | (16,421) | (13,878) | PDF p. 49 |
| Net cash from operating activities$’000 | 57,127 | 53,786 | PDF p. 49 |
| Investing activities | |||
| Dividend income received$’000 | 189,281 | 149,120 | PDF p. 49 |
| Proceeds from maturity of debt securities$’000 | 163,330 | 505,142 | PDF p. 49 |
| Purchase of debt securities$’000 | (64,854) | (463,598) | PDF p. 49 |
| Interest income received$’000 | 24,621 | 32,426 | PDF p. 49 |
| Purchase of long term investments$’000 | (18,631) | (22,990) | PDF p. 49 |
| Purchase of property, plant and equipment$’000 | (2,118) | (3,456) | PDF p. 49 |
| Dividends from associated company$’000 | 2,000 | 4,000 | PDF p. 49 |
| Improvements to investment properties$’000 | (821) | (834) | PDF p. 49 |
| Proceeds from disposal of property, plant and equipment$’000 | 24 | 11 | PDF p. 49 |
| Net cash from investing activities$’000 | 292,832 | 199,821 | PDF p. 49 |
| Financing activities | |||
| Payment of dividends to members of the Company$’000 | (309,915) | (88,547) | PDF p. 49 |
| Proceeds from borrowings$’000 | 9,389 | 7,820 | PDF p. 49 |
| Interest paid on borrowings and lease liabilities$’000 | (1,737) | (1,872) | PDF p. 49 |
| Principal payment of lease liabilities$’000 | (158) | (192) | PDF p. 49 |
| Bank deposits released from pledge$’000 | 6 | – | PDF p. 49 |
| Net cash used in financing activities$’000 | (302,415) | (82,791) | PDF p. 49 |
| Cash reconciliation | |||
| Net increase in cash and cash equivalents$’000 | 47,544 | 170,816 | PDF p. 49 |
| Cash and cash equivalents at beginning of financial year$’000 | 745,298 | 573,554 | PDF p. 49 |
| Effects of currency translation on cash and cash equivalents$’000 | (1,909) | 928 | PDF p. 49 |
| Cash and cash equivalents at end of financial year$’000 | 790,933 | 745,298 | PDF p. 49 |
Definitions & sources
Original report: PDF p. 49 ↗
Earnings per share calculation (Note 8)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Earnings for the financial year$’000 | 265,462 | 228,274 | PDF p. 64 |
| Weighted average number of ordinary shares for calculation of basic and diluted earnings per share’000 shares; denominator for per share EPS calculation | 221,368 | 221,368 | PDF p. 64 |
| Earnings per share attributable to equity holders of the Company | |||
| - Basic and dilutedcents per share | 119.9 | 103.1 | PDF p. 64 |
Definitions & sources
Original report: PDF p. 64 ↗
Basic and diluted EPS equals net profit attributable to equity holders divided by the weighted average number of ordinary shares. The Company had no potentially dilutive ordinary shares in FY2025 and FY2024.
Dividends paid (Note 7)
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Ordinary dividends paid | |||
| Final exempt 2024 dividend of 20 cents per share and special dividend of $1.00 per share (2024: Final exempt 2023 dividend of 20 cents per share)$’000 | 265,642 | 44,274 | PDF p. 63 |
| Interim exempt 2025 dividend of 20 cents per share (2024: Interim exempt 2024 dividend of 20 cents per share)$’000 | 44,273 | 44,273 | PDF p. 63 |
| Total$’000 | 309,915 | 88,547 | PDF p. 63 |
| Dividends paid | |||
| Dividend per share (net of tax)cents per share | 140 | 40 | PDF p. 63 |
Definitions & sources
Original report: PDF p. 63 ↗
The proposed final 2025 dividend is not recognized in the 2025 financial statements; it will be accounted for in FY2026 upon shareholder approval.
Healthcare sales by region
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Healthcare sales by region | |||
| Other Countries$ million | 67.4 | 63.8 | PDF p. 17 |
| ASEAN$ million | 80.5 | 88.7 | PDF p. 17 |
| Other Asian Countries$ million | 62.5 | 73.5 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Original chart series and year axes checked against the rendered PDF; amounts use the chart-specific unit.
Investments (Cost vs Fair Value)
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Investments (Cost vs Fair Value) | |||
| Fair Value$ million | 3,390.9 | 3,188.2 | PDF p. 17 |
| Cost$ million | 906.2 | 887.6 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Original chart series and year axes checked against the rendered PDF; amounts use the chart-specific unit.
Property average occupancy
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Property average occupancy | |||
| Singapore Properties% | 87.5 | 85.2 | PDF p. 17 |
| Malaysia% | 36.1 | 46.6 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Original chart series and year axes checked against the rendered PDF; amounts use the chart-specific unit.
Where the money comes from
Segment information
By business
Reportable segments 18 lines
| Item / unit | 2025Healthcare | 2025Investments | 2025Others (property and leisure) | 2025Consolidated | 2024Healthcare | 2024Investments | 2024Others (property and leisure) | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|
| Reportable segments | |||||||||
| Total segment revenue$'000 | 210,401 | – | 20,562 | 230,963 | 226,002 | – | 19,818 | 245,820 | PDF p. 53PDF p. 54 |
| Inter-segment revenue$'000 | – | – | (996) | (996) | – | – | (996) | (996) | PDF p. 53PDF p. 54 |
| Revenue from external parties$'000 | 210,401 | – | 19,566 | 229,967 | 226,002 | – | 18,822 | 244,824 | PDF p. 53PDF p. 54 |
| Dividend income$'000 | – | 189,281 | – | 189,281 | – | 149,120 | – | 149,120 | PDF p. 53PDF p. 54 |
| Interest income$'000 | – | 19,554 | – | 19,554 | – | 29,665 | – | 29,665 | PDF p. 53PDF p. 54 |
| Miscellaneous income, net$'000 | 292 | 1,408 | 734 | 2,434 | 470 | 376 | 528 | 1,374 | PDF p. 53PDF p. 54 |
| Total other income$'000 | 292 | 210,243 | 734 | 211,269 | 470 | 179,161 | 528 | 180,159 | PDF p. 53PDF p. 54 |
| Total revenue and other income$'000 | 210,693 | 210,243 | 20,300 | 441,236 | 226,472 | 179,161 | 19,350 | 424,983 | PDF p. 53PDF p. 54 |
| Depreciation$'000 | 3,661 | 144 | 2,561 | 6,366 | 3,563 | 130 | 2,418 | 6,111 | PDF p. 53PDF p. 54 |
| Finance expenses$'000 | 23 | 1,500 | – | 1,523 | 27 | 2,058 | – | 2,085 | PDF p. 53PDF p. 54 |
| Segment profit$'000 | 67,084 | 205,329 | 10,619 | 283,032 | 62,566 | 176,592 | 10,239 | 249,397 | PDF p. 53PDF p. 54 |
| Share of profit of associated company$'000 | – | 4,814 | – | 4,814 | – | 4,202 | – | 4,202 | PDF p. 53PDF p. 54 |
| Segment assets$'000 | 139,142 | 4,225,190 | 51,757 | 4,416,089 | 162,530 | 4,062,199 | 50,409 | 4,275,138 | PDF p. 53PDF p. 54 |
| Investment in associated company$'000 | – | 21,897 | – | 21,897 | – | 19,083 | – | 19,083 | PDF p. 53PDF p. 54 |
| Reportable segments - Expenditures for segment non-current assets | |||||||||
| - Additions to property, plant and equipment$'000 | 1,991 | 47 | 216 | 2,254 | 1,686 | 173 | 143 | 2,002 | PDF p. 53PDF p. 54 |
| - Investment properties improvements$'000 | – | – | 555 | 555 | – | – | 1,100 | 1,100 | PDF p. 53PDF p. 54 |
| Expenditures for segment non-current assets (total)$'000 | 1,991 | 47 | 771 | 2,809 | 1,686 | 173 | 1,243 | 3,102 | PDF p. 53PDF p. 54 |
| Reportable segments | |||||||||
| Segment liabilities$'000 | 53,093 | 53,971 | 5,632 | 112,696 | 62,094 | 45,871 | 6,102 | 114,067 | PDF p. 53PDF p. 54 |
Notes
Included in “Others” are property and leisure divisions which constitute less than 25% of the Group’s revenue and other income.
Blank value = no printed cell in that column (consolidated-only line). Total rows for assets/liabilities per statement of financial position wrap across two lines; label starts 'Total assets per statement of financial' / 'Total liabilities per statement of financial'.
Blank value = no printed cell in that column (consolidated-only line).
Revenue by nature 4 lines
| Item / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Revenue consists of the following | |||
| Sale of goods$'000 | 210,908 | 226,410 | PDF p. 55 |
| Rendering of services$'000 | 2,720 | 2,307 | PDF p. 55 |
| Rental income$'000 | 16,339 | 16,107 | PDF p. 55 |
| Total revenue$'000 | 229,967 | 244,824 | PDF p. 55 |
Notes
Except for rental income of $16,339,000 (2024: $16,107,000) which is mainly earned in Singapore, the remaining revenue by segment relates to revenue from contracts with customers under SFRS(I) 15.
By geography
Geographical information (excluding strategic and long term investments) 10 lines
| Item / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Revenue (i) | |||
| Singapore$'000 | 30,076 | 33,112 | PDF p. 55 |
| Other ASEAN countries$'000 | 70,019 | 74,442 | PDF p. 55 |
| Other Asian countries$'000 | 62,486 | 73,511 | PDF p. 55 |
| Other countries$'000 | 67,386 | 63,759 | PDF p. 55 |
| Total$'000 | 229,967 | 244,824 | PDF p. 55 |
| Non-current assets (ii) | |||
| Singapore$'000 | 71,723 | 71,696 | PDF p. 55 |
| Malaysia$'000 | 48,350 | 47,089 | PDF p. 55 |
| Other ASEAN countries$'000 | 517 | 373 | PDF p. 55 |
| Other Asian countries$'000 | 7,299 | 7,445 | PDF p. 55 |
| Total$'000 | 127,889 | 126,603 | PDF p. 55 |
Notes
(i) Revenues are attributable to countries in which the income is derived.
(ii) Non-current assets, which include property, plant and equipment, investment properties, investment in associated company and intangible assets, are shown by the geographical area where the assets are located.
Revenue or non-current asset contribution from one single country is disclosed separately when it exceeds 20% of the Group’s revenue and other income or non-current assets respectively.
Debt
Borrowings
Borrowing notes 5 tables
Borrowings and trade and other payables in statements of financial position
| Item / unit | 2025The Group | 2024The Group | 2025The Company | 2024The Company | Source |
|---|---|---|---|---|---|
| LIABILITIES | |||||
| Borrowings$'000 | 44,272 | 36,295 | 44,272 | 36,295 | PDF p. 47 |
Notes
Borrowings are shown as a single line; no separate current/non-current split is printed on the face. Note 14(e): bank borrowings are expected to be settled within 12 months from the reporting date, and carrying value approximates fair value.
Bank borrowings and credit facilities of the Group are secured over certain investment properties (Note 13) and pledged deposits (Note 14(a)).
Bank borrowings of the Group and the Company are exposed to interest rate changes and contractual repricing in less than 6 months from the reporting date for both financial years.
No interest rate range or maturity bucket table for borrowings is printed.
Reconciliation of liabilities arising from financing activities - Borrowings
| Item / unit | 2025The Group and the Company | 2024The Group and the Company | Source |
|---|---|---|---|
| Borrowings | |||
| Beginning of financial year$'000 | 36,295 | 27,846 | PDF p. 75 |
| Proceeds from borrowings$'000 | 9,389 | 7,820 | PDF p. 75 |
| Effects of changes in foreign exchange rates$'000 | (1,412) | 629 | PDF p. 75 |
| End of financial year$'000 | 44,272 | 36,295 | PDF p. 75 |
Notes
Note 14(e) Borrowings (continued). Details of changes in the Group's liabilities from financing activities are set out in the table and in Note 14(d)(i).
Currency denomination of borrowings - Group, at 31 December
| Item / unit | 2025Group HKD | 2025Group USD | 2025Group EUR | 2025Group Others | 2025Group Total | 2024Group HKD | 2024Group USD | 2024Group EUR | 2024Group Others | 2024Group Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group - At 31 December | |||||||||||
| Borrowings$'000 | (44,272) | – | – | – | (44,272) | (36,295) | – | – | – | (36,295) | PDF p. 57 |
Notes
Currency exposure of financial assets/liabilities net of those denominated in the respective entities' functional currency. Group borrowings at 31 Dec 2024 were (36,295) all in HKD (see next table).
Same page 57 table, 2024 comparative block.
Currency denomination of borrowings - Company, at 31 December
| Item / unit | 2025Company HKD | 2025Company Others | 2025Company Total | 2024Company HKD | 2024Company Others | 2024Company Total | Source |
|---|---|---|---|---|---|---|---|
| Company - At 31 December | |||||||
| Borrowings$'000 | (44,272) | – | (44,272) | (36,295) | – | (36,295) | PDF p. 57 |
Notes
Currency exposure net of those denominated in the Company's functional currency.
Same page 57 table, 2024 comparative block.
Lease liabilities (Note 14(d)(i)) - movement
| Item / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Lease liabilities | |||
| Beginning of financial year$'000 | 471 | 638 | PDF p. 74 |
| Modification of lease liability$'000 | 120 | 19 | PDF p. 74 |
| Principal and interest payment$'000 | (181) | (219) | PDF p. 74 |
| Interest expense$'000 | 23 | 27 | PDF p. 74 |
| Effects of changes in foreign exchange rates$'000 | (11) | 6 | PDF p. 74 |
| End of financial year$'000 | 422 | 471 | PDF p. 74 |
Notes
Note 14(d): The Group does not have any material financial liabilities, maturing more than 12 months from 31 December 2025.
Lease liabilities are included within Trade and other payables (Note 14(d)): 422 (2025) and 471 (2024) for the Group; nil for the Company. No lease maturity bucket table is printed.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company’s dividend policy seeks to provide shareholders with a stable and efficient form of capital distribution relative to earnings. For more than 30 years, the Company has maintained sustainable dividend payments. | Company | PDF p. 36 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim exempt 2025 dividend of 20 cents per share | 20 cents per share | FY2025 interim, tax-exempt one-tier, paid 11 September 2025 | PDF p. 94 |
| Second and Final tax-exempt (one-tier) dividend | 20 cents per share | FY2025 proposed second and final, tax-exempt one-tier; books closure 6 May 2026 5.00 p.m.; payment 21 May 2026 | PDF p. 94 |
| total tax-exempt dividend for FY2025 | 40 cents per share | FY2025 total (interim 20 + proposed final 20), tax-exempt | PDF p. 94 |
| FY2024 | 40 cents per share | FY2024 comparative, excluding special dividend of $1.00 | PDF p. 94 |
| special dividend of $1.00 per share | $1.00 | FY2024 special dividend, paid in 2025 | PDF p. 64 |
| Dividend per share (net of tax) | 140 cents | The Group, dividends paid in 2025 (2024: 40 cents) | PDF p. 63 |
| Dividend net (cents) | 40 cents | Five-year summary, 2025 (2024: 1402, i.e. 140 incl. special dividend of $1.00 per share; 2023: 40; 2022: 30; 2021: 30) | PDF p. 15 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend cover (times) | 3.0 times | Five-year summary, 2025 (2024: 0.7; 2023: 2.4; 2022: 2.2; 2021: 1.7) | PDF p. 15 |
Extracted from Haw Par Corporation Limited Annual Report 2025 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 |
|---|---|---|---|
| Engagement partner | Choo Eng Beng | Group | PDF p. 44 |
| Auditor's report date | 27 February 2026 | Group · As at 2026-02-27 | PDF p. 44 |
| Our Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company | PDF p. 41 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ownership and valuation of strategic and long term investments (Note 9 of the financial statements) | Ownership and valuation of strategic and long term investments | Group | PDF p. 42 |
Extracted from Haw Par Corporation Limited Annual Report 2025 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 Haw Par Corporation Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
The report presents only a comparative Company statement of financial position; separate Company income, comprehensive income, cash-flow and changes-in-equity statements are not presented (auditor scope p41).
Physical p17 financial review charts are separately recorded with PDF-coordinate evidence in h02-luna-v2-chart-geometry.json.
Five-year figures cover FY2021–FY2025. FY2024 dividend is140cents, including a special $1.00per-share dividend; the original superscript2 is a footnote marker. Original report historical backfill remains incomplete.
Original page17 chart values retain their series-specific dollars-million or percent units and FY2025/FY2024 axes.
The report discloses consolidated Group income, comprehensive income, cash flows and changes in equity, plus separate Group/Company balance-sheet columns. No separate Company income, cash-flow or changes-in-equity statement is disclosed. Primary monetary figures use the original $ thousands symbol; cents-per-share, dollars-per-share, percentages and counts retain their row-specific units.
Five-year summary covers FY2021–FY2025. FY2024 dividend is 140 cents, including a special $1.00 per-share dividend; the original superscript 2 is a footnote marker. Charts preserve FY2025/FY2024 regional healthcare revenue, investment cost/fair value and property occupancy with their original dollars-million or percent units. Historical original-report backfill remains incomplete.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.