Far East Orchard O10

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Financials

Far East Orchard Limited Annual Report 2025

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Group Profit or Loss

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Group Profit or Loss from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Profit or Loss
RevenueSGD thousand 247,633191,873 PDF p. 79
Cost of salesSGD thousand (136,488)(93,605) PDF p. 79
Gross profitSGD thousand 111,14598,268 PDF p. 79
Distribution and marketing expensesSGD thousand (11,559)(10,925) PDF p. 79
Administrative expensesSGD thousand (55,893)(46,155) PDF p. 79
Interest incomeSGD thousand 4,2686,339 PDF p. 79
Other income othersSGD thousand 1,6772,216 PDF p. 79
Finance expensesSGD thousand (38,427)(34,249) PDF p. 79
Other gains or losses and impairment losses netSGD thousand 33,88726,796 PDF p. 79
Share of profit of associated companiesSGD thousand 14,5664,770 PDF p. 79
Share of loss or profit of joint venturesSGD thousand (538)25,749 PDF p. 79
Profit before income taxSGD thousand 59,12672,809 PDF p. 79
Income tax expenseSGD thousand (4,368)(11,520) PDF p. 79
Profit after income taxSGD thousand 54,75861,289 PDF p. 79
Definitions & sources

Group Comprehensive Income and Attribution

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Group Comprehensive Income and Attribution from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Comprehensive Income and Attribution
Cash flow hedges fair value lossesSGD thousand (2,559)(3,583) PDF p. 79
Share of other comprehensive loss of joint ventures reclassifiableSGD thousand (1,094)(939) PDF p. 79
Currency translation gains or losses from consolidation reclassifiableSGD thousand 7,529(7,324) PDF p. 79
Currency translation reclassificationSGD thousand –152 PDF p. 79
Total reclassifiable other comprehensive income or lossSGD thousand 3,876(11,694) PDF p. 79
Share of other comprehensive income or loss of associated companies non-reclassifiableSGD thousand 38(2,199) PDF p. 79
Share of other comprehensive income of joint ventures non-reclassifiableSGD thousand 14,3356,991 PDF p. 79
Revaluation losses on property plant and equipment netSGD thousand (11,031)(1,300) PDF p. 79
FVOCI fair value gains equity investmentSGD thousand 202369 PDF p. 79
Currency translation differences non-reclassifiableSGD thousand 1,762(5,000) PDF p. 79
Other comprehensive income or loss net of taxSGD thousand 9,182(12,833) PDF p. 79
Total comprehensive incomeSGD thousand 63,94048,456 PDF p. 79
Profit attributable to equity holdersSGD thousand 54,00658,968 PDF p. 79
Profit attributable to non-controlling interestsSGD thousand 7522,321 PDF p. 79
Total profit attributableSGD thousand 54,75861,289 PDF p. 79
Comprehensive income attributable to equity holdersSGD thousand 58,02150,231 PDF p. 79
Comprehensive income or loss attributable to non-controlling interestsSGD thousand 5,919(1,775) PDF p. 79
Total comprehensive income attributableSGD thousand 63,94048,456 PDF p. 79
Definitions & sources

Group Earnings per Share

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Group Earnings per Share from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Earnings per Share
Basic and diluted earnings per shareSingapore cents per share 11.0212.07 PDF p. 79
Definitions & sources

Group and Company Assets

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Group and Company Assets from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Group and Company Assets
Cash and bank balancesSGD thousand 178,749200,88835,46482,737 PDF p. 80
Derivative financial instruments currentSGD thousand –793–12 PDF p. 80
Trade and other receivablesSGD thousand 80,31950,079162,378181,871 PDF p. 80
InventoriesSGD thousand 2543021213 PDF p. 80
Properties held for saleSGD thousand 163,382168,461–– PDF p. 80
Total current assetsSGD thousand 422,704420,523197,854264,633 PDF p. 80
Derivative financial instruments non-currentSGD thousand –262–262 PDF p. 80
Financial asset FVOCISGD thousand 3,1113,0473,1113,047 PDF p. 80
Other non-current assetsSGD thousand 4994,674589,135516,594 PDF p. 80
Investments in associated companiesSGD thousand 251,11164,521696696 PDF p. 80
Investments in joint venturesSGD thousand 322,795484,252300300 PDF p. 80
Investments in subsidiariesSGD thousand ––886,370856,520 PDF p. 80
Investment propertiesSGD thousand 1,030,5341,011,382158,000147,200 PDF p. 80
Property plant and equipmentSGD thousand 538,705549,705353,328369,413 PDF p. 80
Intangible assetsSGD thousand 191,03498,838–– PDF p. 80
Deferred income tax assetsSGD thousand 4,2704,2593,0013,229 PDF p. 80
Total non-current assetsSGD thousand 2,342,0592,220,9401,993,9411,897,261 PDF p. 80
Total assetsSGD thousand 2,764,7632,641,4632,191,7952,161,894 PDF p. 80
Definitions & sources

Group and Company Liabilities and Equity

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Group and Company Liabilities and Equity from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Group and Company Liabilities and Equity
Trade and other payables currentSGD thousand 149,733113,34440,87540,038 PDF p. 80
Current income tax liabilitiesSGD thousand 4,3755,093–592 PDF p. 80
Lease liabilities currentSGD thousand 10,7179,5667,6677,200 PDF p. 80
Borrowings currentSGD thousand 151,641326,49662,753201,157 PDF p. 80
Deferred income currentSGD thousand 20,40918,2896,7976,797 PDF p. 80
Total current liabilitiesSGD thousand 336,875472,788118,092255,784 PDF p. 80
Other payables non-currentSGD thousand 121,696102,949198,930203,654 PDF p. 80
Derivative financial instruments non-currentSGD thousand 2,6631,1712,5521,171 PDF p. 80
Lease liabilities non-currentSGD thousand 68,63377,97651,09158,759 PDF p. 80
Borrowings non-currentSGD thousand 495,629277,640427,732242,961 PDF p. 80
Deferred income non-currentSGD thousand 242,327249,124242,327249,124 PDF p. 80
Deferred income tax liabilitiesSGD thousand 71,69263,656619754 PDF p. 80
Total non-current liabilitiesSGD thousand 1,002,640772,516923,251756,423 PDF p. 80
Total liabilitiesSGD thousand 1,339,5151,245,3041,041,3431,012,207 PDF p. 80
Net assetsSGD thousand 1,425,2481,396,1591,150,4521,149,687 PDF p. 80
Share capitalSGD thousand 552,569550,723552,569550,723 PDF p. 80
Revaluation and other reservesSGD thousand 334,431341,516291,721302,520 PDF p. 80
Retained profitsSGD thousand 523,850495,441306,162296,444 PDF p. 80
Equity attributable to equity holdersSGD thousand 1,410,8501,387,6801,150,4521,149,687 PDF p. 80
Non-controlling interestsSGD thousand 14,3988,479–– PDF p. 80
Total equitySGD thousand 1,425,2481,396,1591,150,4521,149,687 PDF p. 80
Definitions & sources

Group Cash Flows from Operating Activities

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Group Cash Flows from Operating Activities from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Cash Flows from Operating Activities
Profit after income taxSGD thousand 54,75861,289 PDF p. 84
Income tax expense adjustmentSGD thousand 4,36811,520 PDF p. 84
Depreciation of property plant and equipmentSGD thousand 16,80416,734 PDF p. 84
Amortisation of intangible assetsSGD thousand 3,2502,221 PDF p. 84
Allowance for impairment losses on trade receivables netSGD thousand 5022,292 PDF p. 84
Impairment of properties held for saleSGD thousand 5,7093,102 PDF p. 84
Reversal of impairment or impairment of property plant and equipmentSGD thousand (237)21 PDF p. 84
Fair value gains on investment properties netSGD thousand (8,007)(32,288) PDF p. 84
Fair value gain on derivatives non-designatedSGD thousand (54)– PDF p. 84
Gain on acquisition of additional interest in a joint ventureSGD thousand (9,122)– PDF p. 84
Remeasurement gain on previously held interest in an associated companySGD thousand (19,783)– PDF p. 84
Gain on disposal of non-current asset held for saleSGD thousand –(5,867) PDF p. 84
Loss on disposal of property plant and equipmentSGD thousand 42 PDF p. 84
Reclassification of exchange differences from currency translation reserveSGD thousand –152 PDF p. 84
Interest income adjustmentSGD thousand (4,268)(6,339) PDF p. 84
Finance expenses adjustmentSGD thousand 38,42734,249 PDF p. 84
Dividend income from FVOCISGD thousand (848)– PDF p. 84
Share of profit of associated companiesSGD thousand (14,566)(4,770) PDF p. 84
Share of loss or profit of joint venturesSGD thousand 538(25,749) PDF p. 84
Unrealised currency translation gains or lossesSGD thousand (2,438)7,930 PDF p. 84
Operating cash flows before working capitalSGD thousand 65,03764,499 PDF p. 84
Changes in trade and other receivablesSGD thousand (869)1,648 PDF p. 84
Changes in inventoriesSGD thousand 5188 PDF p. 84
Changes in trade and other payablesSGD thousand (4,419)(4,394) PDF p. 84
Cash generated from operationsSGD thousand 59,80061,841 PDF p. 84
Interest paid operatingSGD thousand (224)(225) PDF p. 84
Income tax paid net operatingSGD thousand (5,883)(6,119) PDF p. 84
Net cash provided by operating activitiesSGD thousand 53,69355,497 PDF p. 84
Definitions & sources

Group Cash Flows from Investing Activities

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Group Cash Flows from Investing Activities from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Cash Flows from Investing Activities
Additions to property plant and equipmentSGD thousand (9,368)(5,930) PDF p. 85
Additions to investment propertiesSGD thousand (1,774)(2,222) PDF p. 85
Additions to intangible assetsSGD thousand (767)– PDF p. 85
Proceeds from disposal of non-current asset held for saleSGD thousand –15,757 PDF p. 85
Investment in financial asset FVOCISGD thousand (39)(773) PDF p. 85
Investment in associated companySGD thousand (25,075)(30,755) PDF p. 85
Investment in joint venturesSGD thousand (7,007)(6,152) PDF p. 85
Disposal of property plant and equipmentSGD thousand 3– PDF p. 85
Acquisition of business net of cash acquiredSGD thousand (20,408)– PDF p. 85
Repayment of or advances to joint venturesSGD thousand 572(8,107) PDF p. 85
Advances from joint venturesSGD thousand 15,9499,193 PDF p. 85
Dividends received from associated companySGD thousand –832 PDF p. 85
Dividends received from joint venturesSGD thousand 10,30911,891 PDF p. 85
Dividend income from FVOCISGD thousand 848– PDF p. 85
Interest receivedSGD thousand 4,5846,865 PDF p. 85
Income tax paid net investingSGD thousand (706)(1,038) PDF p. 85
Net cash used in investing activitiesSGD thousand (32,879)(10,439) PDF p. 85
Definitions & sources

Group Cash Flows from Financing Activities

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Group Cash Flows from Financing Activities from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Cash Flows from Financing Activities
Decrease in bank deposits pledgedSGD thousand 3,7791,667 PDF p. 85
Proceeds from borrowingsSGD thousand 141,84164,824 PDF p. 85
Repayment of borrowingsSGD thousand (105,915)(69,380) PDF p. 85
Repayment of advances from non-controlling interestsSGD thousand (9,796)– PDF p. 85
Principal payment of lease liabilitiesSGD thousand (9,718)(8,987) PDF p. 85
Dividend paid to non-controlling interests subject to put optionsSGD thousand (1,111)– PDF p. 85
Interest paid on lease liabilitiesSGD thousand (4,954)(5,483) PDF p. 85
Interest paid on borrowingsSGD thousand (32,863)(28,367) PDF p. 85
Dividends paid to equity holdersSGD thousand (22,609)(18,167) PDF p. 85
Net cash used in financing activitiesSGD thousand (41,346)(63,893) PDF p. 85
Definitions & sources

Group Cash and Cash Equivalents Reconciliation

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Group Cash and Cash Equivalents Reconciliation from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Cash and Cash Equivalents Reconciliation
Net decrease in cash and cash equivalentsSGD thousand (20,532)(18,835) PDF p. 85
Cash and cash equivalents beginning of financial yearSGD thousand 179,194202,271 PDF p. 85
Effects of currency translationSGD thousand 2,172(4,242) PDF p. 85
Cash and cash equivalents end of financial yearSGD thousand 160,834179,194 PDF p. 85
Definitions & sources

Group Financing Liabilities Reconciliation 2025

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Group Financing Liabilities Reconciliation 2025 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025GroupBeginning of financial year2025GroupPrincipal and interest receipts or payments2025GroupInterest expenses2025GroupAcquisition of business2025GroupForeign exchange movement2025GroupEnd of financial year Source
Group Financing Liabilities Reconciliation 2025
Bank borrowingsSGD thousand 604,13635,926357–6,851647,270 PDF p. 86
Lease liabilitiesSGD thousand 87,542(14,672)4,9541,528(2)79,350 PDF p. 86
Interest payableSGD thousand 61(31,615)31,641––87 PDF p. 86
Advances from non-controlling interestsSGD thousand 138,417(11,268)1,475––128,624 PDF p. 86
Definitions & sources

Group Financing Liabilities Reconciliation 2024

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Group Financing Liabilities Reconciliation 2024 from Far East Orchard Limited Annual Report 2025
Metric / unit 2024GroupBeginning of financial year2024GroupPrincipal and interest receipts or payments2024GroupInterest expenses2024GroupAcquisition of business2024GroupForeign exchange movement2024GroupEnd of financial year Source
Group Financing Liabilities Reconciliation 2024
Bank borrowingsSGD thousand 602,347(4,556)438–5,907604,136 PDF p. 86
Lease liabilitiesSGD thousand 96,529(14,470)5,483––87,542 PDF p. 86
Interest payableSGD thousand 280(27,216)26,997––61 PDF p. 86
Advances from non-controlling interestsSGD thousand 138,462(1,376)1,331––138,417 PDF p. 86
Definitions & sources

Group Changes in Equity 2025

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Group Changes in Equity 2025 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025GroupShare capital2025GroupCapital reserve2025GroupAsset revaluation reserve2025GroupCurrency translation reserve2025GroupFair value reserve2025GroupHedging reserve2025GroupOther reserves2025GroupRetained profits2025GroupEquity attributable to equity holders2025GroupNon-controlling interests2025GroupTotal equity Source
Group Changes in Equity 2025
Opening balance at1 January2025SGD thousand 550,72313,977408,120(81,070)(1,480)1,969–495,4411,387,6808,4791,396,159 PDF p. 81
Net profitSGD thousand –––––––54,00654,00675254,758 PDF p. 81
Other comprehensive income or lossSGD thousand ––(278)7,024240(2,971)––4,0155,1679,182 PDF p. 81
Total comprehensive incomeSGD thousand ––(278)7,024240(2,971)–54,00658,0215,91963,940 PDF p. 81
Dividend relating to2024SGD thousand –––––––(22,609)(22,609)–(22,609) PDF p. 81
Shares issued in lieu of cash dividend relating to2024SGD thousand 1,846––––––(1,846)––– PDF p. 81
Acquisition of a subsidiarySGD thousand –––––––––6,3306,330 PDF p. 81
Put option over non-controlling interestsSGD thousand ––––––(11,131)–(11,131)(6,330)(17,461) PDF p. 81
Dividend paid to non-controlling interests subject to put optionsSGD thousand –––––––(1,111)(1,111)–(1,111) PDF p. 81
Total transactions with ownersSGD thousand 1,846–––––(11,131)(25,566)(34,851)–(34,851) PDF p. 81
Transfer of associated-company fair value reserve upon disposalSGD thousand ––––31––(31)––– PDF p. 81
Closing balance at31 December2025SGD thousand 552,56913,977407,842(74,046)(1,209)(1,002)(11,131)523,8501,410,85014,3981,425,248 PDF p. 81
Definitions & sources

Group Changes in Equity 2024

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Group Changes in Equity 2024 from Far East Orchard Limited Annual Report 2025
Metric / unit 2024GroupShare capital2024GroupCapital reserve2024GroupAsset revaluation reserve2024GroupCurrency translation reserve2024GroupFair value reserve2024GroupHedging reserve2024GroupRetained profits2024GroupEquity attributable to equity holders2024GroupNon-controlling interests2024GroupTotal equity Source
Group Changes in Equity 2024
Opening balance at1 January2024SGD thousand 549,38013,977404,854(73,713)3396,078454,7011,355,61610,2541,365,870 PDF p. 82
Net profitSGD thousand ––––––58,96858,9682,32161,289 PDF p. 82
Other comprehensive income or lossSGD thousand ––4,559(7,357)(1,830)(4,109)–(8,737)(4,096)(12,833) PDF p. 82
Total comprehensive incomeSGD thousand ––4,559(7,357)(1,830)(4,109)58,96850,231(1,775)48,456 PDF p. 82
Cash dividend relating to2023SGD thousand ––––––(18,167)(18,167)–(18,167) PDF p. 82
Shares issued in lieu of cash dividend relating to2023SGD thousand 1,343–––––(1,343)––– PDF p. 82
Total transactions with ownersSGD thousand 1,343–––––(19,510)(18,167)–(18,167) PDF p. 82
Transfer of associated-company fair value reserve upon disposalSGD thousand ––––11–(11)––– PDF p. 82
Transfer of revaluation gains to retained profitsSGD thousand ––(1,293)–––1,293––– PDF p. 82
Closing balance at31 December2024SGD thousand 550,72313,977408,120(81,070)(1,480)1,969495,4411,387,6808,4791,396,159 PDF p. 82
Definitions & sources

Company Changes in Equity 2025

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Company Changes in Equity 2025 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025CompanyShare capital2025CompanyAsset revaluation reserve2025CompanyCurrency translation reserve2025CompanyFair value reserve2025CompanyHedging reserve2025CompanyRetained profits2025CompanyTotal equity Source
Company Changes in Equity 2025
Opening balance at1 January2025SGD thousand 550,723303,087(480)549(636)296,4441,149,687 PDF p. 83
Net profitSGD thousand –––––34,17334,173 PDF p. 83
Other comprehensive income or lossSGD thousand –(9,200)(177)202(1,624)–(10,799) PDF p. 83
Total comprehensive incomeSGD thousand –(9,200)(177)202(1,624)34,17323,374 PDF p. 83
Cash dividend relating to2024SGD thousand –––––(22,609)(22,609) PDF p. 83
Shares issued in lieu of cash dividend relating to2024SGD thousand 1,846––––(1,846)– PDF p. 83
Total transactions with ownersSGD thousand 1,846––––(24,455)(22,609) PDF p. 83
Closing balance at31 December2025SGD thousand 552,569293,887(657)751(2,260)306,1621,150,452 PDF p. 83
Definitions & sources

Company Changes in Equity 2024

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Company Changes in Equity 2024 from Far East Orchard Limited Annual Report 2025
Metric / unit 2024CompanyShare capital2024CompanyAsset revaluation reserve2024CompanyCurrency translation reserve2024CompanyFair value reserve2024CompanyHedging reserve2024CompanyRetained profits2024CompanyTotal equity Source
Company Changes in Equity 2024
Opening balance at1 January2024SGD thousand 549,380301,687(322)174(81)304,5401,155,378 PDF p. 83
Net profitSGD thousand –––––11,41411,414 PDF p. 83
Other comprehensive income or lossSGD thousand –1,400(158)375(555)–1,062 PDF p. 83
Total comprehensive incomeSGD thousand –1,400(158)375(555)11,41412,476 PDF p. 83
Cash dividend relating to2023SGD thousand –––––(18,167)(18,167) PDF p. 83
Shares issued in lieu of cash dividend relating to2023SGD thousand 1,343––––(1,343)– PDF p. 83
Total transactions with ownersSGD thousand 1,343––––(19,510)(18,167) PDF p. 83
Closing balance at31 December2024SGD thousand 550,723303,087(480)549(636)296,4441,149,687 PDF p. 83
Definitions & sources

Group EPS Profit Numerator Note10

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Group EPS Profit Numerator Note10 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group EPS Profit Numerator Note10
Profit attributable to equity holders used for EPSSGD thousand 54,00658,968 PDF p. 109
Definitions & sources

Group EPS Weighted Ordinary Shares Note10

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Group EPS Weighted Ordinary Shares Note10 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group EPS Weighted Ordinary Shares Note10
Weighted average ordinary shares for basic EPSThousand shares 490,006488,417 PDF p. 109
Definitions & sources

Group Basic and Diluted EPS Note10

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Group Basic and Diluted EPS Note10 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Basic and Diluted EPS Note10
Basic and diluted EPS no dilutive potential sharesSingapore cents per share 11.0212.07 PDF p. 109
Definitions & sources

Group and Company Cash Balances Note11

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Group and Company Cash Balances Note11 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Group and Company Cash Balances Note11
Cash at bank and on handSGD thousand 110,98287,9133,7184,876 PDF p. 109
Short-term bank depositsSGD thousand 67,767112,97531,74677,861 PDF p. 109
Total cash and bank balancesSGD thousand 178,749200,88835,46482,737 PDF p. 109
Definitions & sources

Group Cash Equivalents Note11

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Group Cash Equivalents Note11 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group Cash Equivalents Note11
Cash and bank balancesSGD thousand 178,749200,888 PDF p. 110
Bank deposits pledged deductedSGD thousand (17,915)(21,694) PDF p. 110
Cash and cash equivalents per consolidated cash flowsSGD thousand 160,834179,194 PDF p. 110
Definitions & sources

Company Ordinary Dividends Paid Note29

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Company Ordinary Dividends Paid Note29 from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Company2024Company Source
Company Ordinary Dividends Paid Note29
Dividend paid by new shares issuedSGD thousand 1,8461,343 PDF p. 140
Dividend paid in cashSGD thousand 22,60918,167 PDF p. 140
Total ordinary dividends paid in respect of previous financial yearSGD thousand 24,45519,510 PDF p. 140
Definitions & sources

Five-year Financial Highlights

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Five-year Financial Highlights from Far East Orchard Limited Annual Report 2025
Metric / unit 2025Group2024Group2023Group2022Group2021Group Source
Five-year Financial Highlights
Hospitality revenueSGD thousand 124,689128,118126,91890,35459,990 PDF p. 28
Student accommodation revenueSGD thousand 111,96153,84046,39040,77337,290 PDF p. 28
Property development revenueSGD thousand ––––– PDF p. 28
Property investment revenueSGD thousand 10,9839,91510,3129,8419,548 PDF p. 28
Total revenueSGD thousand 247,633191,873183,620140,968106,828 PDF p. 28
Operating profitSGD thousand 64,21677,83357,88854,0164,350 PDF p. 28
Profit before income taxSGD thousand 59,12672,80980,37322,89629,078 PDF p. 28
Profit attributable to equity holdersSGD thousand 54,00658,96865,94621,91828,127 PDF p. 28
Shareholders equitySGD thousand 1,410,8501,387,6801,355,6161,294,5281,280,128 PDF p. 28
Total assetsSGD thousand 2,764,7632,641,4632,615,1482,535,2342,625,384 PDF p. 28
Net asset value per shareSGD per share 2.872.842.782.732.76 PDF p. 28
Basic earnings per shareSingapore cents per share 11.012.113.74.76.1 PDF p. 28
First and final dividend per shareSingapore cents per share 4.04.04.03.03.0 PDF p. 28
Special dividend per shareSingapore cents per share –1.0–1.0– PDF p. 28
Return on equity% 3.94.35.01.72.2 PDF p. 28
Gearing ratiotimes 0.450.430.440.460.54 PDF p. 28
Definitions & sources

Where the money comes from

Segment information

By business

Segment income statement information 12 lines
Segment income statement information
Item / unit 2025Hospitality - Management services2025Hospitality - Operations2025Hospitality - Property ownership2025Student accommodation - Property ownership2025Student accommodation - Management services2025Property - Development2025Property - Investment2025Total2024Hospitality - Management services2024Hospitality - Operations2024Hospitality - Property ownership2024Student accommodation - Property ownership2024Student accommodation - Management services2024Property - Development2024Property - Investment2024Total Source
Segment results
Total segment revenue$'000 39,31541,19447,95053,83459,683–10,983252,95933,53244,18253,84953,840––9,915195,318 PDF p. 153PDF p. 155
Inter-segment revenue$'000 (3,770)–––(1,556)–-(5,326)(3,445)––––––(3,445) PDF p. 153PDF p. 155
Revenue from external parties$'000 35,54541,19447,95053,83458,127–10,983247,63330,08744,18253,84953,840––9,915191,873 PDF p. 153PDF p. 155
Expenses include (a)
- Depreciation of property, plant and equipment$'000 (110)(8,508)(6,862)–(263)––(15,743)(116)(8,424)(7,079)––––(15,619) PDF p. 153PDF p. 155
- Amortisation of intangible assets$'000 (2,221)–––(1,029)––(3,250)(2,221)––––––(2,221) PDF p. 153PDF p. 155
- Supplies and services$'000 (3,336)(9,607)(11,451)–(35,252)––(59,646)(1,831)(10,022)(13,441)––––(25,294) PDF p. 153PDF p. 155
- Employee compensation$'000 (11,123)(8,853)(15,661)–(17,860)––(53,497)(10,395)(8,229)(18,203)––––(36,827) PDF p. 153PDF p. 155
- Property tax and upkeep of properties$'000 (118)(910)(4,875)(18,156)(72)(77)(2,228)(26,436)(179)(925)(5,559)(17,495)––(2,160)(26,318) PDF p. 153PDF p. 155
Segment results
Operating profit/(loss)$'000 5,84410,128(349)24,5271,455(91)8,67450,1886,75910,396(1,044)26,942(938)(96)5,29547,314 PDF p. 153PDF p. 155
Share of profit/(loss) of
- associated companies$'000 –3,745––1,6319,190–14,566–3,293––1,477––4,770 PDF p. 153PDF p. 155
- joint ventures$'000 –4122,628(3,949)–371–(538)–6,5904,1399,571–5,449–25,749 PDF p. 153PDF p. 155
Segment results
Total operating profit$'000 5,84414,2852,27920,5783,0869,4708,67464,2166,75920,2793,09536,5135395,3535,29577,833 PDF p. 153PDF p. 155
Notes

(a) These expenses exclude those under the Corporate assets segment.

Corporate expenses through Profit after income tax are printed only in the Total column.

2024 comparatives restated per Note 33 introduction.

Segment assets and additions as at 31 December 8 lines
Segment assets and additions as at 31 December
Item / unit 2025Hospitality - Management services2025Hospitality - Operations2025Hospitality - Property ownership2025Student accommodation - Property ownership2025Student accommodation - Management services2025Property - Development2025Property - Investment2025Total2024Hospitality - Management services2024Hospitality - Operations2024Hospitality - Property ownership2024Student accommodation - Property ownership2024Student accommodation - Management services2024Property - Development2024Property - Investment2024Total Source
As at 31 December
Segment assets$'000 116,602223,329226,028730,408139,345477,611194,2002,107,523112,712221,962234,875732,960186490,062170,1781,962,935 PDF p. 154PDF p. 156
Investments in associated companies$'000 –36,741–––214,370–251,111–32,958––31,563––64,521 PDF p. 154PDF p. 156
Investments in joint ventures$'000 –167,83092,11527,164–35,686–322,795–170,25489,38918,311–206,298–484,252 PDF p. 154PDF p. 156
Segment assets include: Additions to
- Investments in associated companies$'000 –––––25,075–25,075––––30,755––30,755 PDF p. 154PDF p. 156
- Investments in joint ventures$'000 –––12,829–––12,829–––6,152–––6,152 PDF p. 154PDF p. 156
- Intangible assets$'000 ––––767––767 PDF p. 154
- Investment properties$'000 ––51,769–––1,774––2082,014–––2,222 PDF p. 154PDF p. 156
- Property, plant and equipment$'000 619518,269–85––9,366401985,643––––5,881 PDF p. 154PDF p. 156
Notes

(b) During the year ended 31 December 2025, the Group acquired property, plant and equipment amounting to $2,000 under Corporate assets segment.

The unlabelled subtotal row is printed without a label.

(b) During the year ended 31 December 2024, the Group acquired property, plant and equipment amounting to $49,000 under Corporate assets segment.

By geography

Geographical information - Revenue 6 lines
Geographical information - Revenue
Item / unit 2025Group revenue by geographical area2024Group revenue by geographical area Source
Revenue
Singapore$'000 68,30669,968 PDF p. 157
Australia$'000 47,55953,619 PDF p. 157
United Kingdom$'000 114,16955,962 PDF p. 157
Japan$'000 12,3437,090 PDF p. 157
Other countries$'000 5,2565,234 PDF p. 157
Total$'000 247,633191,873 PDF p. 157
Notes

The Group operates in five main geographical areas: Singapore, Australia, United Kingdom, Japan, Other countries (Malaysia, Germany and Denmark).

Geographical information - Non-current assets 6 lines
Geographical information - Non-current assets
Item / unit 2025Group non-current assets by geographical area2024Group non-current assets by geographical area Source
Non-current assets
Singapore$'000 1,103,9221,040,973 PDF p. 157
Australia$'000 330,762327,819 PDF p. 157
United Kingdom$'000 775,137724,091 PDF p. 157
Japan$'000 39,26235,570 PDF p. 157
Other countries$'000 92,97692,487 PDF p. 157
Total$'000 2,342,0592,220,940 PDF p. 157
Notes

The total row is printed without a label.

Debt

Borrowings

Note 31(c) Liquidity risk - Group contractual undiscounted maturity

Note 31(c) Liquidity risk - Group contractual undiscounted maturity — Group
Item / unit 2025Less than 1 year, $'0002025Between 1 and 2 years, $'0002025Between 2 and 5 years, $'0002025Over 5 years, $'0002024Less than 1 year, $'0002024Between 1 and 2 years, $'0002024Between 2 and 5 years, $'0002024Over 5 years, $'000 Source
Group
Borrowings$'000 182,631106,572371,73690,810355,05649,878185,62895,352 PDF p. 147
Lease liabilities$'000 14,47414,47443,05722,36714,50314,47443,46036,437 PDF p. 147
Notes

Amounts are contractual undiscounted cash flows of non-derivative financial liabilities, based on remaining period from balance sheet date to contractual maturity date.

Contractual undiscounted cash flows.

Note 31(c) Liquidity risk - Company contractual undiscounted maturity

Note 31(c) Liquidity risk - Company contractual undiscounted maturity — Company
Item / unit 2025Less than 1 year, $'0002025Between 1 and 2 years, $'0002025Between 2 and 5 years, $'0002025Over 5 years, $'0002024Less than 1 year, $'0002024Between 1 and 2 years, $'0002024Between 2 and 5 years, $'0002024Over 5 years, $'000 Source
Company
Borrowings$'000 87,127103,149295,96890,810225,48213,632185,62895,352 PDF p. 148
Lease liabilities$'000 10,94110,97432,55716,54610,90910,94132,96027,116 PDF p. 148
Notes

Contractual undiscounted cash flows.

Borrowing notes 1 tables

Borrowings

Borrowings
Item / unit 2025Group, $'0002024Group, $'0002025Company, $'0002024Company, $'000 Source
Bank borrowings - current
- Current (secured)$'000 88,888125,339–– PDF p. 133
- Current (unsecured)$'000 62,753201,15762,753201,157 PDF p. 133
Bank borrowings current total$'000 151,641326,49662,753201,157 PDF p. 133
Bank borrowings - non-current
- Non-current (secured)$'000 67,89734,679–– PDF p. 133
- Non-current (unsecured)$'000 427,732242,961427,732242,961 PDF p. 133
Bank borrowings non-current total$'000 495,629277,640427,732242,961 PDF p. 133
Bank borrowings
Total borrowings$'000 647,270604,136490,485444,118 PDF p. 133
Notes

Bank borrowings are at variable interest rates referenced to overnight risk-free rates and interbank offered rates with contractual repricing dates less than 6 months from balance sheet date (2024: less than 6 months); secured over certain bank deposits (Note 11), investment properties (Note 19) and property, plant and equipment (Note 20).

Fair values of non-current borrowings of the Group are within Level 2 and approximate their carrying amounts.

Non-current borrowings of $495,629,000 (2024: $277,640,000) carry financial covenants; the Group has complied. Company borrowings $427,732,000 (2024: $242,961,000); Group secured borrowings $67,897,000 (2024: $34,679,000) subject to LTV and interest coverage ratios.

Subtotal and total rows have no printed label; labels are descriptors. No interest rate range percentages are printed.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Scrip dividend scheme The Company has a scrip dividend scheme. Company PDF p. 62

Dividends declared and proposed

ItemValuePeriod / scopeSource
First and final dividend per share 4.0 cents per share FY2025 proposed PDF p. 28
First and final dividend per share 4.0 cents per share FY2024 comparative (paid 2025) PDF p. 28
Special dividend per share – cents per share FY2025 PDF p. 28
Special dividend per share 1.0 cents per share FY2024 comparative PDF p. 28
First and final dividend resolution To approve a first and final one-tier tax-exempt dividend of S$0.04 per ordinary share for the financial year ended 31 December 2025. FY2025 PDF p. 164

Payout

ItemValuePeriod / scopeSource
first and final dividend of 4 cents per share amounting to a total of $19,638,000 Company, FY2025 recommended PDF p. 140
Ordinary dividends paid 24,455 $'000 Company, 2025 (in respect of FY2024: 4 cents first and final plus 1 cent special) PDF p. 140

Extracted from Far East Orchard 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

ItemValuePeriod / scopeSource
Engagement partner Seah Gek Choo FY2025 audit PDF p. 78
Opinion properly drawn up in accordance with the provisions of the Companies Act 1967 Group and Company, year ended 31 December 2025 PDF p. 74

Extracted from Far East Orchard 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 Far East Orchard Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

All primary monetary statements are SGD thousands; earnings per share are Singapore cents. Group and Company financial-position columns are separate. Company changes in equity are separately disclosed in the annual report.

Cash-flow interest and income taxes are split between operating, investing and financing activities as reported; they are not combined into a single activity. The financing-liability note retains non-cash interest accruals, business acquisition and currency movements.

Cash-flow notes exclude non-cash reclassification of advances to joint ventures of SGD5.822m and settlement of advances by non-cash joint-venture distributions of SGD9.718m. These are not added as cash proceeds.

Group and Company changes in equity are transcribed from rotated pages81–83 with reversible original-coordinate evidence. Other reserves for the2025 non-controlling-interest put option are retained separately; FY2024 has no corresponding printed column. Cash dividends and scrip shares remain distinct. Note11 excludes pledged bank deposits from cash equivalents. Note10 uses weighted-average ordinary shares and has no dilutive potential shares. Note29 excludes the proposed FY2025 dividend of4 Singapore cents (SGD19.638m), which is subject to approval and accounted for in FY2026; the paid dividend rows relate to the previous year. Audited scope includes Group consolidated statements and Company balance sheet and changes in equity; no separate Company income or cash-flow statement is asserted.

Five-year highlights retain FY2021–FY2025 values from the2025 report. Revenue and operating profit for FY2024 were restated following the reportable-segment update; earlier-year highlights retain the published presentation.

Each row retains its printed unit: SGD thousands, SGD per share, Singapore cents per share, percentages or gearing multiple. EPS highlights are rounded to one decimal while audited EPS is shown to two decimals.

FY2025 first and final dividend4.0 Singapore cents was proposed subject to AGM approval; it is not the cash dividend paid during FY2025, which relates to FY2024. Cash and scrip dividends are separately shown in the primary statements. Operating-profit highlights follow the report definition and are not relabelled as cash flow or net profit.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.