United Overseas Australia (UOS) H1 2026 earnings summary

Executive summary

• Revenue increased by 10.32% year-over-year to $124.7 million for the half-year ended 30 June 2026.

• Net profit attributable to members declined by 7.7% year-over-year to $41.2 million.

• Major residential and commercial projects progressed, including completion of Aster Hill and ongoing construction of Bamboo Hills Residences and Duo Tower.

• Hospitality operations remained stable, with healthy occupancy rates and improved performance in Komune Living & Wellness.

• The Group maintains significant interests in UOA Development Bhd (68.57%) and UOA REIT (33.80%).

Financial highlights

• Gross profit decreased to $44.5 million from $50.9 million year-over-year.

• Earnings per share were 2.41 cents, down from 2.67 cents year-over-year.

• Net tangible assets per share rose to 118.92 cents from 118.35 cents year-over-year.

• Cash and cash equivalents stood at $746.2 million as of 30 June 2026.

• Total assets were $3.60 billion, with total equity of $3.07 billion.

Outlook and guidance

• Remaining performance obligations on development properties total $195.8 million, expected to be recognized within 1-3 years.

• The Group continues to focus on new project launches and investment opportunities in Malaysia, Vietnam, and Australia.