TIH Limited, a private equity fund company listed on the SGX Mainboard, has announced a total comprehensive deficit of S$1.8 million for the first half of 2025. This financial result is primarily due to a fair value loss on equity investments and rising operating expenses, partially offset by gains in debt investments and fee income.
The company’s recurring fee income from its fund management business decreased to S$2.09 million from S$2.66 million in the same period last year. The net asset value stood at S$132.28 million as of 30 June 2025. The fair value loss on equity investments amounted to S$1.44 million, whilst operating expenses increased to S$3.63 million. However, these losses were somewhat mitigated by a fair value gain on debt investment of S$1.98 million and other operating income of S$2.09 million.
Allen Wang, Executive Director of TIH and CEO of TIH Investment Management Pte. Ltd., commented on the results, stating, “Our focus on disciplined capital deployment and active portfolio management has enabled us to maintain resilience amid a more cautious investment environment.” He emphasised the company’s commitment to expanding third-party fund strategies and exploring strategic investment opportunities in Southeast Asia.
Chairman Kin Chan added that TIH aims to leverage its strong investment track record and regional partnerships to source differentiated opportunities in Southeast Asia and Greater China. He expressed confidence in the company’s ability to navigate market challenges and create sustainable value over the long term.
TIH’s financial performance highlights the challenges faced in the current investment climate, but the company remains optimistic about future opportunities in the region.
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