PropNex Limited holds AGM, approves 4.5-cent final dividend and renews share buy-back mandate

SGX Filings
May 15

PropNex Limited convened its annual general meeting on Apr, 23 2026 at its headquarters in Singapore, where shareholders approved all 11 proposed resolutions.

The meeting adopted the audited financial statements for the financial year ended Dec, 31 2025, during which revenue rose 42.6% to 1.12 billion Singapore dollars and net profit jumped 79.5% to 74.74 million Singapore dollars.

Investors cleared a final one-tier tax-exempt dividend of 4.5 Singapore cents per share, payable on May, 08 2026. Together with earlier distributions, this represented a 99.9% payout of FY2025 profit.

Shareholders also sanctioned an additional director’s fee of 11.5 thousand Singapore dollars for FY2025 and fixed directors’ fees for FY2026 at 242 thousand Singapore dollars. Mohamed Ismail S/O Abdul Gafoore and Pebble Sia Huei-Chieh were re-elected to the board, while Kan Yut Keong retired.

Ernst & Young LLP was re-appointed as external auditor, and the board received authority to issue new shares of up to 50% of existing capital, to grant awards under the PropNex Performance Share Plan 2023 and the PropNex Restricted Share Plan 2023, and to repurchase up to 10% of issued shares under a renewed share buy-back mandate.

During a question-and-answer session, management said the company remains focused on digital content, market-share expansion, leadership development and regional growth, while affirming that its asset-light model supports the elevated dividend payout.

The board expressed confidence that the strong cash position of 149 million Singapore dollars as at Dec, 31 2025 underpins both shareholder returns and future strategic initiatives.

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