Fasers Property Limited records 17.8 % increase in attributable
profit to S$243. 1 million in FY25
Net fair value change and reversal of tax provision s lifted FY25 earnings, offsetting lower
residential contributions due to timing of projects
Proposed dividend of 4.5 Singapore cents per share
Three pillars to drive sustainable value creation – increasing development exposure over the
medium to long -term , driving recurring income via active portfolio and asset management ,
as well as capital efficiency.
Net asset value per share as at 30 September 2025 was lower at $2.37 ( 30 September 2024 :
$2.45 ). The strengthening of the Singapore dollar , particularly against the Australia dollar , resulted
in unrealised net foreign currency translation reserve loss . T he Group’s net debt 3
to property
assets ratio as at 30 September 2025 stood at 4 3.7% (30 September 2024: 42.1%) , while net debt
to total equity 4
ratio rose to 8 9.2% (30 September 2024: 83.4%) . The higher net debt was mainly
due to funding for the privatisation of Frasers Hospitality Trust (FHT), acquisitions by the Group’s
consolidated REITs , as well as capital expenditure . Approximately 75.0% of the Group’s total debt
was either on fixed rates or
hedged , with a weighted average debt maturity of 2. 5 years and
blended cost of debt of 4.0% per annum .
Taking into consideration the Group’s financial performance and cash flow requirements, Frasers
Property’s B oard of D irectors has proposed a first and final dividend of 4.5 Singapore cents per
share for FY2 5, maintaining the same level of 4.5 Singapore cents per share paid for FY2 4.
FY 25 KEY HIGHLIGHTS AND LOOKING AHEAD
D evelopment exposure for better risk -adjusted returns
The Group continues to expand its development exposure across residential and select non -
residential asset classes, guided by disciplined capital allocation and market insights. Recent
launches in Singapore, such as The Orie and The Robertson Opus, achieved strong take -up . A
key element of the Group’s strategy is its deliberate shift towards a partnership model for
residential developments , exemplified by collaborations like the joint venture for the Dunearn
Road GLS site in Singapore , and its most recent acquisition of a residential site in Jing’an,
Shanghai, China via a 14% -held joint venture in October 2025 . T hese partnerships enable the
Group to combine complementary strengths to build a quality portfolio of residential projects in
a capital efficient manner while effectively balancing risk and returns. T he Group’s residential
development pipeline provided earnings visibility, with unrecognised revenue of S$1.4 billion as
at 30 September 2025 .
Frasers Property’s build -to-core strategy delivered approximately 69 1,000 square metres of
industrial and logistics projects in FY25 , with a further 758,000 square metres under
development . Sustained demand from supply chain reconfiguration and e - commerce continues
to support attractive returns.
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