Banyan Tree Holdings posted a net profit attributable to shareholders of S$42.5 million for the 12 months ended Dec 31 2025, a 1 per cent year-on-year (YoY) increase, as a surge in branded-residence handovers offset softer hotel trading and lower fee income.
Earnings per share came in at 4.90 Singapore cents, compared with 4.85 cents a year earlier. The board has proposed a first-and-final tax-exempt dividend of 1.35 Singapore cents a share, up from 1.3 cents previously; payment details will be announced after shareholder approval at the April annual general meeting.
Group revenue expanded 25 per cent YoY to S$477.4 million. The Residences division was the main growth driver, almost doubling turnover to S$197.6 million on the recognition of 269 units, following completions at Angsana Oceanview Residences, Laguna Beach Residences Seashore and Skypark Celeste Laguna Phuket. Pre-tax profit from the segment jumped to S$81.6 million.
Hotel Investments revenue was broadly flat at S$198.8 million, but pre-tax profit fell to S$0.7 million, weighed by the absence of S$23.3 million in one-off Covid-19 insurance proceeds booked in FY24 and by foreign-exchange losses. Fee-based activities generated S$80.9 million in sales, up 2 per cent, although pre-tax earnings slipped to S$14.6 million as lower branded-residence fees and higher costs offset stronger managed-hotel contributions. Group operating profit before interest, tax, depreciation and amortisation (EBITDA) rose 22 per cent to S$126.0 million.
The company noted headwinds from softer Bangkok hotel demand following a March earthquake and July political unrest, as well as foreign-exchange volatility, which lifted administrative expenses and trimmed reported earnings.
Looking ahead, Banyan Tree highlighted that the United Nations World Tourism Organization projects global international tourist arrivals to rise a further 3–4 per cent in 2026, supporting continued recovery in core markets. The group is leveraging this momentum with a pipeline of hotel openings that lifted its network to 100 properties across more than 20 countries at year-end. Unrecognised residence sales revenue stood at S$604.4 million, with over 30 per cent expected to be booked in 2026 subject to construction progress.
Expansion remains a priority. FY25 saw the milestone opening of the Mandai Rainforest Resort by Banyan Tree in Singapore, the group’s 100th resort, and the launch of its first European residences in Madrid. A new standalone residential brand, Bellaguna, also debuted with Bellaguna Lake Residences Lotus. Management said these initiatives reinforce Banyan Tree’s standing as the top branded-residence developer in Asia and fifth globally, positioning the group for sustained earnings growth as travel demand and mixed-use developments normalise post-pandemic.