CDL Investments New Zealand Limited (CDI) reported unaudited net profit of 3.39 million Singapore dollars for the six months to Jun, 30 2026, down 4.85 % from 3.57 million Singapore dollars a year earlier.

Group revenue fell 9.13 % to 12.55 million Singapore dollars, comprising property sales of 10.60 million Singapore dollars and rental income of 1.95 million Singapore dollars. Gross profit was 7.85 million Singapore dollars, compared with 7.60 million Singapore dollars in the prior-year period.

Profit before income tax declined to 4.71 million Singapore dollars from 5.05 million Singapore dollars, while basic and diluted earnings per share slipped to 1.16 Singapore cents from 1.22 Singapore cents.

The board did not declare an interim dividend. Net tangible assets stood at 1.10 Singapore dollars per share as at Jun, 30 2026, up from 1.07 Singapore dollars a year earlier.

Board Chair Desleigh Jameson said the result was “broadly in line with expectations” and reflected “subdued residential market conditions.” Chief Executive Officer Jason Adams added that management remains focused on completing sales at key projects, controlling development spending and advancing planning work for future developments.

CDI entered a 20 million Singapore dollar flexible credit facility with ANZ Bank New Zealand in Aug, 2026 to enhance funding flexibility for its property portfolio. The company noted that the final outcome for full-year 2026 will depend on market conditions in the second half.