Far East Orchard (O10) Q3 2026 TU earnings summary

Executive summary

• 9M FY2025 profit after tax was S$37.2m, including S$24.9m of one-off gains; excluding these gains, profit after tax was S$12.3m.

• Completed the second-phase HFS acquisition on 30 September 2025, raising the stake to 84% and making HFS a subsidiary.

Financial highlights

• Revenue was S$134.2m, down 4.2% YoY; operating profit was S$42.9m, down 8.9% YoY.

• Profit attributable to equity holders was S$37.6m versus S$16.9m; excluding the S$9.1m Woods Square gain and S$15.8m HFS remeasurement gain, it was S$12.7m.

Outlook and guidance

• Challenging operating conditions are expected; management will monitor developments and continue refurbishments to support long-term growth.

• UK PBSA rental growth is expected at 2–3% this year, with portfolio performance expected to remain stable.

• The first Adina hotels in the UK are expected to open by year-end; Adina Sydney Darling Harbour is expected to reopen in mid-2026.