Hiap Hoe (5JK) H1 2026 earnings summary

Executive summary

• H1 2026 revenue was $65.3m, up 5.3% YoY; profit after tax rose to $17.2m from $5.4m.

• Profit growth included a $9.3m fair value gain and a $5.3m foreign exchange gain, versus a $4.0m FX loss in H1 2025.

Financial highlights

• Revenue increased to $65.254m from $61.980m; profit before tax was $21.401m versus $5.298m, and net income was $17.202m versus $5.419m.

• Basic and diluted EPS were both 3.63 cents, compared with 1.14 cents in H1 2025.

• Finance costs fell 22.6% to $11.573m; income tax was an expense of $4.199m versus a $0.121m credit.

• Total assets were $1,721.6m at 30 June 2026, up from $1,582.5m at 31 December 2025; equity was $764.4m versus $747.3m.

Outlook and guidance

• Priorities include improving rental yields and occupancy across the existing property portfolio to strengthen recurring income.

• Banking facilities and liquidity are considered sufficient for debt obligations and operating needs; non-essential capex and new investments will be approached prudently.