Hiap Hoe (5JK) AGM 2025 presentation summary

Financial performance

• Revenue was $119.399m in FY2024, versus $125.357m in FY2023 and $111.887m in FY2022.

• Profit attributable to owners was $5.559m in FY2024 and $6.569m in FY2023; FY2022 loss was $22.001m.

• EPS was 1.18 cents in FY2024, 1.40 cents in FY2023 and negative 4.67 cents in FY2022.

Balance sheet and gearing

• FY2024 total assets were $1,590.167m and total liabilities were $871.937m; FY2023 figures were $1,589.253m and $866.382m.

• Equity attributable to owners was $715.120m in FY2024; net asset value per share was 151.97 cents.

• FY2024 borrowings were $768.303m, cash and short-term deposits were $69.846m, and net debt was $698.457m.

• Debt-to-equity ratio was 1.07x in FY2024, versus 1.05x in FY2023 and 1.04x in FY2022.

Dividends and yield

• FY2024 total dividends were 0.75 cents per share, comprising a 0.25-cent interim dividend and a 0.50-cent final dividend.

• FY2024 dividend payout was 50.79% and dividend yield was 0.94%; FY2023 payout was 53.73% and yield was 1.29%.