SUTL Enterprise Limited (BHU) H2 2025 earnings summary

Executive summary

• Revenue grew 1% year-over-year to S$39.9 million, with stable profit attributable to owners at S$8.4 million, reflecting disciplined cost management and operational resilience.

• Equity attributable to owners increased to S$73.8 million, with strong liquidity: S$34.1 million in cash and S$35.4 million in other financial assets.

• Basic EPS was 9.42 cents; a final dividend of 5 cents per share was proposed, representing 53% of net attributable profit.

• Strategic milestones included a put and call option to acquire Marina at Keppel Bay and progress on regional marina expansion in Malaysia and Thailand.

Financial highlights

• Total revenue: S$39.9 million (up 1% year-over-year).

• Profit before tax: S$10.1 million; EBITDA: S$10.2 million.

• Net cash from operating activities: S$8.8 million; cash and cash equivalents at year-end: S$34.1 million.

• Net asset value per share increased to 83.14 cents from 79.00 cents.

• Dividend payout: S$4.4 million (5 cents per share).

Outlook and guidance

• Focus remains on expanding the marina network in Asia Pacific, with anticipated doubling of berths upon completion of ongoing projects.

• Continued investment in operational enhancements and sustainability initiatives.

• Confident in delivering sustainable growth and long-term value.