Wee Hur Holdings Limited has announced a 17% increase in net profit attributable to equity holders for the first half of 2026, reaching S$45.3m. This growth is attributed to a significant rise in construction and workers’ dormitory revenues, as the company progresses with its ongoing projects.
Revenue for the period grew by 4.9% to S$163.6m, with a notable 39.1% increase when excluding a one-off performance fee from the previous year. The construction segment saw a 162.5% surge in revenue to S$67.2m, driven by project advancements and cost savings. Meanwhile, workers’ dormitory revenue rose by 50.7% to S$63.3m, largely due to the ramp-up of Pioneer Lodge.
The company is optimistic about its future, with earnings visibility extending to FY2031. It plans to expand its recurring income base by increasing student accommodation beds from 409 to approximately 1,860 by 2028. Additionally, the opening of DoubleTree by Hilton Singapore Robertson Quay in the fourth quarter of 2026 is expected to further bolster its income streams.
Executive Chairman and Managing Director of Wee Hur Holdings, Goh Yeow Lian, stated, “1H 2026 reflects strong operating performance across our core businesses, led by construction execution and the ramp-up of Pioneer Lodge.”
Looking ahead, Wee Hur Holdings aims to continue its growth trajectory with strategic developments in Singapore and Australia, positioning itself for sustainable long-term success.
