Hong Fok Corporation (H30) investor relations material

Executive summary

• H1 2026 revenue rose 17% YoY to $54.737m; profit for the period increased 43% to $7.067m and profit attributable to owners rose 40% to $7.595m.

• Higher residential unit sales at Concourse Skyline and increased investment-property income drove revenue growth; profit included approximately $3.262m net profit on development-property sales.

Financial highlights

• Revenue was $54.737m versus $46.909m; PBT was $10.144m versus $6.041m, up 68% YoY.

• Profit was $7.067m versus $4.942m; attributable profit was $7.595m versus $5.424m.

• Other income fell to $50k from $567k, reflecting the absence of prior-year one-off income from sale of a remnant University Road plot.

• Fair-value changes in other FVTPL investments were a $3.971m loss, versus a $1.170m gain in H1 2025; development-property cost of sales rose to $8.190m from $3.058m.

Outlook and guidance

• H2 hotel outlook is cautiously optimistic; Singapore tourism, regional demand and major events are expected to support occupancy and gradual ADR recovery, while cost and competitive pressures persist.

• Rental income is expected to remain stable, supported by firm Singapore office demand and limited supply.

• Strong buying sentiment and low interest rates are expected to support private residential demand; sales revenue from Concourse Skyline units is expected to continue.