Singapore's OUE Limited half-year revenue rises on hospitality growth

OUE

14/08/2026 15:35

Overview
Singapore real estate and healthcare group's half-year revenue rose 5.3% yr/yr to S$308.3 mln
Adjusted EBIT for half-year fell 11.7% yr/yr, mainly due to higher losses from investees
Net loss attributable to shareholders was S$114.6 mln, driven by impairment losses and investee losses

Outlook
OUE says its portfolio of commercial properties, hospitality assets and healthcare business is expected to provide stable performance in 2026

Result Drivers
SEGMENT CONTRIBUTIONS - Revenue rose due to improved contributions across all business segments, led by hospitality, healthcare, and food & beverage
HOSPITALITY GROWTH - Hospitality division revenue rose 10.4% yr/yr, supported by higher room revenue, stable corporate bookings, resilient travel demand, and a stronger MICE pipeline
IMPAIRMENT AND INVESTEE LOSSES - Net loss was mainly due to S$47.0 mln impairment on GPI investment and higher share of losses from equity-accounted investees, affected by China property downturn

Company press release: ID:nSN4Tk1fx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$308.30 mln
 
H1 Adjusted EBIT
 
S$48.60 mln
 
H1 Net Loss Attributable
 
S$114.60 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)