First Sponsor FY2025 revenue S$291.7 million (-8.1%)

First Sponsor reported a net loss attributable to equity holders of SGD 97.7 million for 2H FY2025, versus a profit a year earlier, as revenue fell 4.7% to SGD 137.8 million. For FY2025, the group posted a net loss attributable to equity holders of SGD 78.8 million on revenue of SGD 291.7 million (down 8.1%). Total comprehensive loss attributable to equity holders was SGD 23.7 million in 2H FY2025 and SGD 11.0 million for FY2025. The group said the losses were mainly due to net unrealised mark-to-market losses and realised losses on financial derivatives, alongside non-cash impairment charges and fair value adjustments related to PRC development projects and investment properties. Net gearing stood at about 0.56x as at 31 December 2025, with total cash and available undrawn committed bank facilities exceeding SGD 520.0 million. The board recommended a final tax-exempt cash dividend of 3.69 Singapore cents per share for FY2025; if approved, total dividend declared for FY2025 would be 4.79 Singapore cents per share, up 3%. Recurring net operating income from the European property holding portfolio rose to EUR 28.6 million in 2H FY2025 (up 4.6%) and EUR 53.3 million in FY2025 (up 1.2%). First Sponsor also said it acquired an additional 17% stake in Allianz Tower Rotterdam in February 2026, raising its equity interest to 50% and valuing the perpetual leasehold property at EUR 63.8 million, and highlighted the opening of the Puccini Hotel Milan, Tapestry Collection by Hilton on 30 January 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Sponsor Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: HFCKSDBUD26MMBII) on February 24, 2026, and is solely responsible for the information contained therein.