Bund Center Investment (BTE) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 4.3% YoY to S$41.8m; total profit for the period increased 160.1% to S$7.8m.

• Earnings benefited from higher revenue and a swing to net other operating income, partly offset by higher income tax expense.

Financial highlights

• Gross profit increased 9.3% to S$18.5m; gross margin improved to 44.3% from 42.3% YoY.

• Operating profit rose 15.2% to S$6.8m; profit before tax increased 89.1% to S$12.6m.

• Total profit attributable to owners rose 171.0% to S$7.6m; income tax expense increased 31.4% to S$4.8m.

• EBITDA was S$23.2m, up 8.6% YoY.

Outlook and guidance

• Focus remains on yield management, cost discipline and targeted asset upgrades to strengthen tenant and guest experience.

• Management is engaging key tenants on renewals and lease restructuring, and will adjust leasing and revenue strategies as market conditions evolve.