PropNex OYY
Financials
PropNex Annual Report 2025
Explore the statements
15 tablesStatements of Financial Position
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets; non-current assets | |||||
| Plant and equipment$’000 | 954 | 1,001 | – | – | PDF p. 111 |
| Right-of-use assets$’000 | 4,718 | 2,822 | – | – | PDF p. 111 |
| Intangible assets$’000 | 8 | 8 | – | – | PDF p. 111 |
| Subsidiaries$’000 | – | – | 17,548 | 17,548 | PDF p. 111 |
| Other investments$’000 | 362 | 362 | – | – | PDF p. 111 |
| Deferred tax assets$’000 | – | 29 | – | – | PDF p. 111 |
| Long-term deposits$’000 | – | 9,000 | – | 9,000 | PDF p. 111 |
| Assets | |||||
| Non-current assets$’000 | 6,042 | 13,222 | 17,548 | 26,548 | PDF p. 111 |
| Assets; current assets | |||||
| Other investments$’000 | 14,903 | 31,254 | 14,903 | 31,254 | PDF p. 111 |
| Trade and other receivables$’000 | 163,408 | 129,390 | 10,512 | 4,282 | PDF p. 111 |
| Cash and cash equivalents$’000 | 149,081 | 111,838 | 77,489 | 72,983 | PDF p. 111 |
| Assets | |||||
| Current assets$’000 | 327,392 | 272,482 | 102,904 | 108,519 | PDF p. 111 |
| Total assets$’000 | 333,434 | 285,704 | 120,452 | 135,067 | PDF p. 111 |
| Equity | |||||
| Share capital$’000 | 57,491 | 57,491 | 57,491 | 57,491 | PDF p. 111 |
| Merger reserve$’000 | (17,663) | (17,663) | – | – | PDF p. 111 |
| Capital reserve$’000 | 607 | 607 | – | – | PDF p. 111 |
| Retained earnings$’000 | 75,657 | 82,978 | 57,436 | 67,904 | PDF p. 111 |
| Equity attributable to owners of the Company$’000 | 116,092 | 123,413 | 114,927 | 125,395 | PDF p. 111 |
| Non-controlling interests$’000 | 2,600 | 1,341 | – | – | PDF p. 111 |
| Total equity$’000 | 118,692 | 124,754 | 114,927 | 125,395 | PDF p. 111 |
| Liabilities; non-current liabilities | |||||
| Deferred tax liabilities$’000 | 173 | 15 | 95 | 15 | PDF p. 111 |
| Lease liabilities$’000 | 2,714 | 1,299 | – | – | PDF p. 111 |
| Liabilities | |||||
| Non-current liabilities$’000 | 2,887 | 1,314 | 95 | 15 | PDF p. 111 |
| Liabilities; current liabilities | |||||
| Trade and other payables$’000 | 191,721 | 146,566 | 4,958 | 8,044 | PDF p. 111 |
| Deferred income$’000 | 3,040 | 2,870 | 48 | 705 | PDF p. 111 |
| Lease liabilities$’000 | 2,035 | 1,533 | – | – | PDF p. 111 |
| Current tax liabilities$’000 | 15,059 | 8,667 | 424 | 908 | PDF p. 111 |
| Liabilities | |||||
| Current liabilities$’000 | 211,855 | 159,636 | 5,430 | 9,657 | PDF p. 111 |
| Total liabilities$’000 | 214,742 | 160,950 | 5,525 | 9,672 | PDF p. 111 |
| Equity and liabilities | |||||
| Total equity and liabilities$’000 | 333,434 | 285,704 | 120,452 | 135,067 | PDF p. 111 |
Definitions & sources
Original report: PDF p. 111 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Consolidated Statement of Profit or Loss
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Profit or loss | |||
| Revenue$’000 | 1,116,416 | 782,954 | PDF p. 112 |
| Cost of services rendered$’000 | (1,001,389) | (711,976) | PDF p. 112 |
| Finance income$’000 | 4,200 | 5,633 | PDF p. 112 |
| Other income$’000 | 11,670 | 9,721 | PDF p. 112 |
| Staff costs$’000 | (22,137) | (19,576) | PDF p. 112 |
| Depreciation of plant and equipment$’000 | (460) | (502) | PDF p. 112 |
| Depreciation of right-of-use assets$’000 | (2,101) | (2,150) | PDF p. 112 |
| Amortisation of intangible assets$’000 | – | (297) | PDF p. 112 |
| Finance costs$’000 | (83) | (26) | PDF p. 112 |
| Other expenses$’000 | (16,519) | (15,041) | PDF p. 112 |
| Reversal of impairment losses recognised on trade and other receivables$’000 | 94 | 1,062 | PDF p. 112 |
| Profit before tax$’000 | 89,691 | 49,802 | PDF p. 112 |
| Tax expense$’000 | (14,954) | (8,155) | PDF p. 112 |
| Profit for the year$’000 | 74,737 | 41,647 | PDF p. 112 |
| Profit attributable to | |||
| Owners of the Company$’000 | 70,379 | 40,923 | PDF p. 112 |
| Non-controlling interests$’000 | 4,358 | 724 | PDF p. 112 |
| Profit for the year$’000 | 74,737 | 41,647 | PDF p. 112 |
| Earnings per share | |||
| Basic earnings per share (cents)cents per share | 9.51 | 5.53 | PDF p. 112 |
| Diluted earnings per share (cents)cents per share | 9.51 | 5.53 | PDF p. 112 |
Definitions & sources
Original report: PDF p. 112 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Consolidated Statement of Comprehensive Income
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Profit for the year$’000 | 74,737 | 41,647 | PDF p. 113 |
| Other comprehensive income; items that are or may be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences – foreign operations$’000 | – | (6) | PDF p. 113 |
| Other comprehensive income | |||
| Other comprehensive income for the year, net of tax$’000 | – | (6) | PDF p. 113 |
| Comprehensive income | |||
| Total comprehensive income for the year$’000 | 74,737 | 41,641 | PDF p. 113 |
| Total comprehensive income attributable to | |||
| Owners of the Company$’000 | 70,379 | 40,917 | PDF p. 113 |
| Non-controlling interests$’000 | 4,358 | 724 | PDF p. 113 |
| Total comprehensive income for the year$’000 | 74,737 | 41,641 | PDF p. 113 |
Definitions & sources
Original report: PDF p. 113 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Statements of Changes in Equity — Group (2025)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupMerger reserve | 2025GroupCapital reserve | 2025GroupRetained earnings | 2025GroupEquity attributable to owners | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balances | ||||||||
| At 1 January 2025$’000 | 57,491 | (17,663) | 607 | 82,978 | 123,413 | 1,341 | 124,754 | PDF p. 114 |
| Profit and comprehensive income | ||||||||
| Profit and total comprehensive income for the year$’000 | – | – | – | 70,379 | 70,379 | 4,358 | 74,737 | PDF p. 114 |
| Transactions with owners — distributions to owners | ||||||||
| Dividends paid$’000 | – | – | – | (77,700) | (77,700) | (3,099) | (80,799) | PDF p. 114 |
| Transactions with owners | ||||||||
| Total transactions with owners$’000 | – | – | – | (77,700) | (77,700) | (3,099) | (80,799) | PDF p. 114 |
| Closing balances | ||||||||
| At 31 December 2025$’000 | 57,491 | (17,663) | 607 | 75,657 | 116,092 | 2,600 | 118,692 | PDF p. 114 |
Definitions & sources
Original report: PDF p. 114 ↗
Statements of Changes in Equity — Group (2024)
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupMerger reserve | 2024GroupCapital reserve | 2024GroupForeign currency translation reserve | 2024GroupRetained earnings | 2024GroupEquity attributable to owners | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Opening balances | |||||||||
| At 1 January 2024$’000 | 57,491 | (17,663) | 607 | 6 | 84,710 | 125,151 | 1,075 | 126,226 | PDF p. 115 |
| Profit and comprehensive income | |||||||||
| Profit for the year$’000 | – | – | – | – | 40,923 | 40,923 | 724 | 41,647 | PDF p. 115 |
| Other comprehensive income | |||||||||
| Foreign currency translation differences$’000 | – | – | – | (6) | – | (6) | – | (6) | PDF p. 115 |
| Profit and comprehensive income | |||||||||
| Total comprehensive income for the year$’000 | – | – | – | (6) | 40,923 | 40,917 | 724 | 41,641 | PDF p. 115 |
| Transactions with owners — distributions to owners | |||||||||
| Dividends paid$’000 | – | – | – | – | (42,550) | (42,550) | (563) | (43,113) | PDF p. 115 |
| Transactions with owners — changes in ownership interests in subsidiaries | |||||||||
| Acquisition of non-controlling interests without a change in control$’000 | – | – | – | – | (105) | (105) | 105 | – | PDF p. 115 |
| Transactions with owners | |||||||||
| Total transactions with owners$’000 | – | – | – | – | (42,655) | (42,655) | (458) | (43,113) | PDF p. 115 |
| Closing balances | |||||||||
| At 31 December 2024$’000 | 57,491 | (17,663) | 607 | – | 82,978 | 123,413 | 1,341 | 124,754 | PDF p. 115 |
Definitions & sources
Original report: PDF p. 115 ↗
Consolidated Statement of Cash Flows
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before tax$’000 | 89,691 | 49,802 | PDF p. 117 |
| Cash flows from operating activities — adjustments | |||
| Amortisation of intangible assets$’000 | – | 297 | PDF p. 117 |
| Bad debts written off$’000 | 1,601 | 903 | PDF p. 117 |
| Depreciation of plant and equipment$’000 | 460 | 502 | PDF p. 117 |
| Depreciation of right-of-use assets$’000 | 2,101 | 2,150 | PDF p. 117 |
| Fair value gain on other investments$’000 | (365) | (215) | PDF p. 117 |
| Loss on disposal of plant and equipment$’000 | – | 5 | PDF p. 117 |
| Reversal of derecognition of trade payables$’000 | 244 | 820 | PDF p. 117 |
| Reversal of impairment losses recognised on trade and other receivables$’000 | (94) | (1,062) | PDF p. 117 |
| Interest expense$’000 | 83 | 26 | PDF p. 117 |
| Interest income$’000 | (4,200) | (5,633) | PDF p. 117 |
| Cash flows from operating activities | |||
| Operating cash flows before changes in working capital$’000 | 89,521 | 47,595 | PDF p. 117 |
| Cash flows from operating activities — changes in working capital | |||
| Trade and other receivables$’000 | (35,672) | 54,637 | PDF p. 117 |
| Trade and other payables$’000 | 44,911 | (54,927) | PDF p. 117 |
| Deferred income$’000 | 828 | 525 | PDF p. 117 |
| Cash flows from operating activities | |||
| Cash generated from operations$’000 | 99,588 | 47,830 | PDF p. 117 |
| Tax paid$’000 | (8,375) | (10,025) | PDF p. 117 |
| Tax refunded$’000 | – | 232 | PDF p. 117 |
| Net cash from operating activities$’000 | 91,213 | 38,037 | PDF p. 117 |
| Cash flows from investing activities | |||
| Acquisition of plant and equipment$’000 | (413) | (294) | PDF p. 117 |
| Interest received$’000 | 3,689 | 5,761 | PDF p. 117 |
| Decrease/(increase) in other investments$’000 | 16,716 | (25,500) | PDF p. 117 |
| Decrease in long-term deposits$’000 | 9,000 | 5,710 | PDF p. 117 |
| Decrease in deposits pledged$’000 | – | 62 | PDF p. 117 |
| Net cash from/(used in) investing activities$’000 | 28,992 | (14,261) | PDF p. 117 |
| Cash flows from financing activities | |||
| Dividends paid to owners of the Company$’000 | (77,700) | (42,550) | PDF p. 117 |
| Dividends paid to non-controlling interests$’000 | (3,099) | (563) | PDF p. 117 |
| Interest paid$’000 | (83) | (26) | PDF p. 117 |
| Payment of lease liabilities$’000 | (2,080) | (2,154) | PDF p. 117 |
| Net cash used in financing activities$’000 | (82,962) | (45,293) | PDF p. 117 |
| Cash flows | |||
| Net increase/(decrease) in cash and cash equivalents$’000 | 37,243 | (21,517) | PDF p. 117 |
| Cash and cash equivalents at beginning of the year$’000 | 111,838 | 133,355 | PDF p. 117 |
| Cash and cash equivalents at end of the year$’000 | 149,081 | 111,838 | PDF p. 117 |
Definitions & sources
Original report: PDF p. 117 ↗
Statements of Changes in Equity — Company (2025)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyRetained earnings | 2025CompanyTotal equity | Source |
|---|---|---|---|---|
| Changes in equity; opening balance | ||||
| At 1 January 2025$’000 | 57,491 | 67,904 | 125,395 | PDF p. 116 |
| Changes in equity; profit/comprehensive income | ||||
| Profit and total comprehensive income for the year$’000 | – | 67,232 | 67,232 | PDF p. 116 |
| Changes in equity; transactions with owners | ||||
| Dividends paid$’000 | – | (77,700) | (77,700) | PDF p. 116 |
| Total transactions with owners$’000 | – | (77,700) | (77,700) | PDF p. 116 |
| Changes in equity; closing balance | ||||
| At 31 December 2025$’000 | 57,491 | 57,436 | 114,927 | PDF p. 116 |
Definitions & sources
Original report: PDF p. 116 ↗
Transaction with owners; distributions to owners; dividends paid (Note 24).
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Statements of Changes in Equity — Company (2024)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyRetained earnings | 2024CompanyTotal equity | Source |
|---|---|---|---|---|
| Changes in equity; opening balance | ||||
| At 1 January 2024$’000 | 57,491 | 58,539 | 116,030 | PDF p. 116 |
| Changes in equity; profit/comprehensive income | ||||
| Profit and total comprehensive income for the year$’000 | – | 51,915 | 51,915 | PDF p. 116 |
| Changes in equity; transactions with owners | ||||
| Dividends paid$’000 | – | (42,550) | (42,550) | PDF p. 116 |
| Total transactions with owners$’000 | – | (42,550) | (42,550) | PDF p. 116 |
| Changes in equity; closing balance | ||||
| At 31 December 2024$’000 | 57,491 | 67,904 | 125,395 | PDF p. 116 |
Definitions & sources
Original report: PDF p. 116 ↗
Transaction with owners; distributions to owners; dividends paid (Note 24).
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Revenue by segments ($’m), with comparison change
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, reported FY2025 | 2024Group, reported FY2024 | 2025Change (%), FY2025 vs FY2024 | Source |
|---|---|---|---|---|
| Revenue by Segments | ||||
| Project Marketing$’m; Change column % | 434.0 | 185.6 | 133.9 | PDF p. 26 |
| Private Resale$’m; Change column % | 234.2 | 181.8 | 28.8 | PDF p. 26 |
| HDB Resale$’m; Change column % | 153.5 | 156.1 | (1.7) | PDF p. 26 |
| Landed Resale$’m; Change column % | 61.7 | 41.0 | 50.3 | PDF p. 26 |
| Rental$’m; Change column % | 191.2 | 181.1 | 5.6 | PDF p. 26 |
| Commercial and Industrial$’m; Change column % | 33.8 | 28.2 | 19.9 | PDF p. 26 |
Definitions & sources
Original report: PDF p. 26 ↗
Financial highlights — gross profit and profit attributable to owners — five-year comparison
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; original chart comparison | 2024Group; original chart comparison | 2023Group; original chart comparison | 2022Group; original chart comparison | 2021Group; original chart comparison | Source |
|---|---|---|---|---|---|---|
| Financial highlights — gross profit and profit attributable to owners | ||||||
| Gross Profit$’m | 115.0 | 71.0 | 81.0 | 104.7 | 101.8 | PDF p. 24 |
| Gross Profit Margin% | 10.3 | 9.1 | 9.7 | 10.2 | 10.6 | PDF p. 24 |
| Profit Attributable to Owners$’m | 70.4 | 40.9 | 47.8 | 62.4 | 60.0 | PDF p. 24 |
| Profit Attributable to Owners Margin% | 6.3 | 5.2 | 5.7 | 6.1 | 6.3 | PDF p. 24 |
Definitions & sources
Original report: PDF p. 24 ↗
Financial highlights — revenue by segment — five-year comparison
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; original chart comparison | 2024Group; original chart comparison | 2023Group; original chart comparison | 2022Group; original chart comparison | 2021Group; original chart comparison | Source |
|---|---|---|---|---|---|---|
| Financial highlights — revenue by segment | ||||||
| Revenue$’m | 1,116.4 | 783.0 | 838.1 | 1,029.2 | 957.5 | PDF p. 24 |
| Agency$’m | 675.9 | 591.6 | 591.1 | 640.6 | 519.2 | PDF p. 24 |
| Project Marketing$’m | 434.0 | 185.6 | 242.3 | 383.7 | 435.5 | PDF p. 24 |
| Others¹$’m | 6.5 | 5.8 | 4.7 | 4.9 | 2.8 | PDF p. 24 |
Definitions & sources
Original report: PDF p. 24 ↗
Others consists mainly of administrative support fee income and courses and related fee income from training services.
Financial highlights — assets, cash, equity and return on equity — five-year comparison
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; original chart comparison | 2024Group; original chart comparison | 2023Group; original chart comparison | 2022Group; original chart comparison | 2021Group; original chart comparison | Source |
|---|---|---|---|---|---|---|
| Financial highlights — assets, cash, equity and return on equity | ||||||
| Total Assets$’m | 333.4 | 285.7 | 343.1 | 375.3 | 294.6 | PDF p. 25 |
| Cash and Bank Balances (inc. long-term deposits)$’m | 149.1 | 120.8 | 148.1 | 138.9 | 145.6 | PDF p. 25 |
| Equity Attributable to Owners$’m | 116.1 | 123.4 | 125.2 | 125.5 | 109.4 | PDF p. 25 |
| Return on Equity% | 60.6 | 33.2 | 38.2 | 49.7 | 54.9 | PDF p. 25 |
Definitions & sources
Original report: PDF p. 25 ↗
Financial highlights — per share data and dividends — five-year comparison
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; original chart comparison | 2024Group; original chart comparison | 2023Group; original chart comparison | 2022Group; original chart comparison | 2021Group; original chart comparison | Source |
|---|---|---|---|---|---|---|
| Financial highlights — per share data and dividends | ||||||
| Earnings Per Share¢ | 9.51 | 5.53 | 6.46 | 8.43 | 8.11 | PDF p. 25 |
| Net Asset Value Per Share¢ | 15.69 | 16.68 | 16.91 | 16.97 | 14.79 | PDF p. 25 |
| Dividend Payout Ratio% | 99.9 | 140.1 | 92.9 | 80.1 | 77.0 | PDF p. 25 |
| Dividend Per Share¢ | 9.50 | 7.75 | 6.00 | 6.75 | 6.25 | PDF p. 25 |
Definitions & sources
Original report: PDF p. 25 ↗
Per-share figures are adjusted for the one-for-one bonus issue completed on 5 May 2023, as stated in the report. Dividend payout percentages retain the report’s printed figures.
2025 Contribution by Property Segments — revenue $m
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; pie-chart axis | Source |
|---|---|---|
| 2025 Contribution by Property Segments | ||
| Project Marketing$m | 434.0 | PDF p. 24 |
| Private Resale$m | 234.2 | PDF p. 24 |
| HDB Resale$m | 153.5 | PDF p. 24 |
| Landed Resale$m | 61.7 | PDF p. 24 |
| Rental$m | 191.2 | PDF p. 24 |
| Commercial and Industrial$m | 33.8 | PDF p. 24 |
Definitions & sources
Original report: PDF p. 24 ↗
Chart source uses six named segments and displays both monetary amounts and percentage shares.
2025 Contribution by Property Segments — share of revenue
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; pie-chart axis | Source |
|---|---|---|
| 2025 Contribution by Property Segments | ||
| Project Marketing% | 39 | PDF p. 24 |
| Private Resale% | 21 | PDF p. 24 |
| HDB Resale% | 14 | PDF p. 24 |
| Landed Resale% | 6 | PDF p. 24 |
| Rental% | 17 | PDF p. 24 |
| Commercial and Industrial% | 3 | PDF p. 24 |
Definitions & sources
Original report: PDF p. 24 ↗
Chart source uses six named segments and displays both monetary amounts and percentage shares.
Where the money comes from
Segment information
By business
Segment information by business segment - Group 12 lines
| Item / unit | 2025Agency services | 2025Project marketing services | 2025Administrative support services | 2025Training services | 2025Others | 2025Total | 2024Agency services | 2024Project marketing services | 2024Administrative support services | 2024Training services | 2024Others | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment results | |||||||||||||
| Revenue$'000 | 1,072,717 | 434,038 | 4,531 | 4,148 | 76,411 | 1,591,845 | 759,545 | 185,568 | 4,442 | 3,478 | 58,887 | 1,011,920 | PDF p. 153PDF p. 154 |
| Inter-segment revenue$'000 | (396,795) | – | (2,227) | (1) | (76,406) | (475,429) | (167,932) | – | (2,156) | (1) | (58,877) | (228,966) | PDF p. 153PDF p. 154 |
| External revenue$'000 | 675,922 | 434,038 | 2,304 | 4,147 | 5 | 1,116,416 | 591,613 | 185,568 | 2,286 | 3,477 | 10 | 782,954 | PDF p. 153PDF p. 154 |
| Finance income$'000 | 1,018 | 189 | 9 | 11 | 2,973 | 4,200 | 1,512 | 214 | 14 | 11 | 3,882 | 5,633 | PDF p. 153PDF p. 154 |
| Depreciation expense$'000 | (416) | (25) | (2,017) | (103) | – | (2,561) | (453) | (58) | (2,038) | (103) | – | (2,652) | PDF p. 153PDF p. 154 |
| Finance costs$'000 | – | – | (80) | (3) | – | (83) | – | – | (20) | (6) | – | (26) | PDF p. 153PDF p. 154 |
| Segment profit before tax$'000 | 64,820 | 18,561 | 1,170 | 2,135 | 3,005 | 89,691 | 39,895 | 3,058 | 1,084 | 1,618 | 4,147 | 49,802 | PDF p. 153PDF p. 154 |
| Other material non-cash items | |||||||||||||
| - Bad debts written off$'000 | 1,526 | 75 | – | – | – | 1,601 | 903 | – | – | – | – | 903 | PDF p. 153PDF p. 154 |
| - Net foreign exchange loss$'000 | – | 24 | – | – | – | 24 | – | 25 | – | – | – | 25 | PDF p. 153PDF p. 154 |
| Assets | |||||||||||||
| Reportable segment assets$'000 | 131,894 | 100,532 | 5,327 | 2,110 | 93,571 | 333,434 | 121,582 | 45,293 | 3,128 | 1,000 | 114,701 | 285,704 | PDF p. 153PDF p. 154 |
| Liabilities | |||||||||||||
| Reportable segment liabilities$'000 | 198,793 | 4,101 | 6,370 | 1,655 | 3,823 | 214,742 | PDF p. 153 | ||||||
| Segment results | |||||||||||||
| Amortisation expense$'000 | – | – | – | – | (297) | (297) | PDF p. 154 | ||||||
Notes
Performance is measured based on profit/(loss) before tax. Additional rows printed: '(Reversal of impairment losses)/impairment losses recognised on trade and other receivables' (112) / 18 / – / – / – / (94); 'Reversal of derecognition of trade payables' 244 / – / – / – / – / 244; 'Fair value gain on other investments' – / – / – / – / (365) / (365); 'Additions to non-current assets' 335 / 62 / 16 / – / – / 413 (wrapped rows not included as rows).
Additional wrapped rows printed: 'Reversal of impairment losses recognised on trade and other receivables' (986) / (76) / – / – / – / (1,062); 'Reversal of derecognition of trade payables' 820 / – / – / – / – / 820; 'Fair value gain on other investments' – / – / – / – / (215) / (215); 'Additions to non-current assets' 249 / 2 / – / 43 / – / 294; 'Reportable segment liabilities' 150,620 / 1,067 / 4,345 / 1,189 / 3,729 / 160,950.
Geographic information: revenue is substantially derived from Singapore, so geographic segment revenue is not presented; non-current assets (excluding financial assets and deferred tax assets) are all located in Singapore. No single customer contributed more than 5% of total revenue.
Debt
Borrowings
Group contractual maturities of financial liabilities
| Item / unit | 2025carrying amount, $'000 | 2025contractual cash flows total, $'000 | 2025within 1 year, $'000 | 2025within 1 to 5 years, $'000 | 2024carrying amount, $'000 | 2024contractual cash flows total, $'000 | 2024within 1 year, $'000 | 2024within 1 to 5 years, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Lease liabilities$'000 | 4,749 | (4,876) | (2,120) | (2,756) | 2,832 | (2,935) | (1,593) | (1,342) | PDF p. 160 |
Notes
Amounts are gross and undiscounted and exclude the impact of netting agreements. No after-five-years column printed. No bank borrowings disclosed in the statements of financial position.
Amounts are gross and undiscounted and exclude the impact of netting agreements.
Borrowing notes 1 tables
Lease liabilities presented as current/non-current
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Presented as | |||
| Non-current liabilities$'000 | 2,714 | 1,299 | PDF p. 136 |
| Current liabilities$'000 | 2,035 | 1,533 | PDF p. 136 |
Notes
The maturity analysis of lease liabilities is disclosed in Note 26.
Total lease liabilities 4,749 (2025) and 2,832 (2024).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company wishes to reward shareholders for participating in the growth of the Group and, accordingly, the Board intends to recommend and distribute dividends of 75% to 80% of the Group’s announced profit attributable to the owners of the Company. The Dividend Policy may be subject to modification (including reduction or non-declaration thereof) at the Board’s sole discretion. | Group | PDF p. 98 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividends for financial year ended 31 December 2025 of $0.0500 per ordinary share | $0.0500 | Group and Company, FY2025, exempt (one-tier), paid | PDF p. 151 |
| Interim dividends for financial year ended 31 December 2024 of $0.0225 per ordinary share | $0.0225 | Group and Company, FY2024 (comparative), exempt (one-tier), paid | PDF p. 151 |
| Final dividends of $0.045 (2024: $0.030) per ordinary share | $0.045 | Group and Company, FY2025 proposed final, exempt (one-tier); comparative 2024: $0.030 | PDF p. 152 |
| Final dividends for financial year ended 31 December 2024 of $0.0300 per ordinary share | $0.0300 | Group and Company, FY2024 final (comparative), exempt (one-tier), paid in 2025 | PDF p. 151 |
| Special dividends for financial year ended 31 December 2024 of $0.0250 per ordinary share | $0.0250 | Group and Company, FY2024 special (comparative), exempt (one-tier), paid in 2025 | PDF p. 151 |
| Special dividends of Nil (2024: $0.025) per ordinary share | Nil | Group and Company, FY2025 proposed special; comparative 2024: $0.025 | PDF p. 152 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| total dividends for FY2025 | 9.5 cents | FY2025 total dividends per share (interim 5.0 + proposed final 4.5) | PDF p. 14 |
| payout ratio | 99.9% | FY2025 | PDF p. 14 |
Extracted from PropNex 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 |
|---|---|---|---|
| Audit firm | Ernst & Young LLP | Group | PDF p. 110 |
| Engagement partner | Lim Tze Yuen | Group | PDF p. 110 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view | Group and Company | PDF p. 107 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue recognition | Revenue recognition | Group | PDF p. 108 |
Extracted from PropNex 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 PropNex Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Amounts are in Singapore dollars; primary statements use SGD thousands except per-share cents. Five-year charts retain SGD millions, cents and percent as printed.
Per-share comparisons are adjusted for the one-for-one bonus issue completed on 5 May 2023. Chart comparisons are rounded and may differ from full primary-statement amounts.
The report presents Group financial statements and Company financial position and equity statements. Separate Company profit or loss, comprehensive income and cash-flow statements are not presented in the inspected primary statement section.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.