UOL Group Limited has published detailed responses to substantial and relevant questions submitted by shareholders in advance of its 63rd Annual General Meeting, scheduled for Apr, 27 2026 at PARKROYAL on Beach Road in Singapore.
The company said the proposed redevelopment of Marina Square remains under review by the Urban Redevelopment Authority. A revised plan, lodged in the second half of 2025 by subsidiary Singapore Land Group, seeks to transform the site into a “hyper-mixed development” featuring a residential tower, a serviced-apartment block and a mixed-use tower with hospitality, office and performing-arts space. Operations at the existing Marina Square mall and its three hotels—Pan Pacific Singapore, PARKROYAL COLLECTION Marina Bay and Mandarin Oriental, Singapore—continue as usual while approvals are pending.
Addressing questions on geopolitical risks, UOL noted that roughly 90% of adjusted EBITDA and 85% of total assets are derived from Singapore, limiting exposure to Middle East uncertainties. The group has hedged a significant portion of electricity needs for more than two years and typically locks in construction costs through fixed-price contracts. Energy expenses account for about 2% of its operating cost base.
Following last year’s divestment of the KINEX mall, UOL reiterated that it will pursue asset sales when further value-creation potential is limited and capital can be better deployed elsewhere, as part of its “total portfolio management” strategy.
For the 12 months ended Dec, 31 2025, 76% of adjusted EBITDA came from recurring income, with the remaining 24% from residential development. Net gearing stands at about 20%, which the board views as providing flexibility for acquisitions or asset-enhancement initiatives.
Management added that it continues to focus on strengthening operating profit, expanding recurring income and maintaining a disciplined balance sheet, while remaining open to opportunities that enhance long-term shareholder value.