UOL Group has reported a significant 45% year-on-year increase in operating profit after tax and minority interests (PATMI) for the first half of 2025, reaching $207m. This growth is attributed to strong performances in property development and investments, alongside reduced finance expenses. The group’s revenue rose by 22% to $1.6b, driven by a 40% increase in property development revenue and a 12% rise in property investment income.
UOL’s strategic focus on asset enhancement initiatives (AEIs) and acquisitions has bolstered its recurring income streams. The group’s hospitality division is set for growth, with room expansions and strong rental reversions in its commercial portfolio. Notably, the redevelopment of Marina Square is anticipated to unlock significant value, potentially narrowing the valuation gap.
The group’s residential projects have seen impressive sell-through rates, with upcoming launches at Skye at Holland and Thomson View expected to perform well due to their prime locations and appeal to discerning homebuyers. UOL’s strategic landbank replenishment continues to support its residential earnings.
Looking ahead, UOL’s commitment to enhancing shareholder returns through a sustainable dividend policy, backed by its strong operating results, suggests potential for higher dividends. The group’s ability to identify and execute well-positioned projects across various segments remains a key strength.
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