Frasers Property Limited has announced a profit of S$88.4m for the first half of the financial year ending 31 March 2026, marking a 77% increase from the previous year when excluding a one-off tax provision reversal. This growth is attributed to successful residential projects in Singapore, Australia, and China, as well as land sales in Australia and Thailand.
The Group’s profit before interest and taxes (PBIT) increased by 13.2%, bolstered by its strategic focus on residential and industrial developments. The company’s increased stake in Northpoint City South Wing in Singapore also contributed to higher retail earnings. However, an impairment on a Thai investment of S$38.2m impacted overall profits.
Panote Sirivadhanabhakdi, Group CEO of Frasers Property, stated, “We remain firmly on strategy, with continued focus on delivery amid the uncertain operating environment. Our integrated investor-developer-operator model positions us to create, sustain and unlock value at every stage.”
Frasers Property’s strategy includes disciplined partnerships to expand its development pipeline and active asset management to sustain recurring income. The recent collective sale award for The Centrepoint’s leasehold rear plot in Singapore is expected to unlock further value from this prime asset.
Looking forward, the Group aims to continue its capital recycling efforts and strategic investments, particularly in Vietnam, to enhance its long-term resilience and earnings quality. The company’s ongoing focus on sustainable value creation is expected to support its competitive edge in the evolving global market.
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