Bukit Sembawang Estates (B61) H2 2026 earnings summary

Executive summary

• FY2026 net profit rose 13% to $128.6 million from $114.3 million, mainly on higher profit recognised from Pollen Collection; total equity was $1.7 billion.

• Revenue fell to $345.6 million from $550.0 million, while profit from operations increased to $155.6 million from $122.9 million.

Financial highlights

• Revenue was $345.553 million vs $549.961 million; gross profit was $164.622 million vs $131.951 million.

• Profit before tax was $156.570 million vs $137.436 million; profit after tax was $128.643 million vs $114.292 million.

• Cash and cash equivalents totalled $439.280 million vs $582.421 million; development properties rose to $1,133.827 million from $517.835 million.

• Net cash used in operating activities was $319.025 million, versus $173.784 million generated in FY2025, largely reflecting a $615.992 million increase in development properties.

Outlook and guidance

• Luxus Hills Phase 10, comprising 156 landed homes, is planned for launch in Q3 2026; units will be released progressively and calibrated to market conditions.

• Pollen Collection II may benefit from spillover demand from Luxus Hills Phase 10; the remaining 8 Pollen Collection units are expected to sell in the coming FY.

• Sales of 8 @ BT’s remaining 47 units are expected to progress gradually; pricing and marketing will be calibrated amid upcoming residential launches.

• Priorities include prudent pricing, disciplined cost management, calibrated launches, and assessing opportunities to replenish the land bank.