Bukit Sembawang Estates Limited reported net profit of S$128.6 million for the 12 months ended 31 Mar 2026, up 13 per cent year-on-year, as stronger project margins more than offset a sharp drop in top-line contributions from completed developments.
Basic earnings per share rose to 49.69 cents from 44.14 cents a year earlier. The board recommended a tax-exempt final cash dividend of 4 cents and a special cash dividend of 18 cents per share, bringing the proposed payout to 22 cents. The special distribution is 2 cents higher than last year’s 16-cent special dividend. Payment and record dates will be announced later.
Group revenue fell 37 per cent year-on-year to S$345.6 million after The Atelier and LIV@MB projects were completed in the previous financial year. Property development remained the dominant contributor with S$331.1 million of external sales, while investment holding and hospitality generated S$0.6 million and S$13.8 million respectively.
By pre-tax profit, property development delivered S$149.5 million, hospitality S$6.0 million and investment holding S$1.1 million. Group gross profit expanded 25 per cent to S$164.6 million, reflecting margin recognition from ongoing projects Pollen Collection, Pollen Collection II and 8@BT, as well as an impairment reversal of S$3.7 million at Fraser Residence Orchard.
Headwinds during the year included a 72 per cent slide in interest income to S$4.0 million as fixed-deposit balances and rates normalised, and a rise in finance costs to S$3.1 million following S$259.0 million of term-loan drawdowns used for project funding.
Looking ahead, the developer said it will take a “prudent and measured” approach to timing and pricing new launches amid rising unsold inventory and global economic uncertainty. Preparations are under way to release the 999-year Luxus Hills Phase 10 landed project, alongside continued marketing of 8@BT, Pollen Collection and Pollen Collection II. In hospitality, management expects competition to remain keen as new supply enters Singapore’s serviced-residence market.