Wee Hur Holdings Limited on Aug, 14 2026 reported a 17.1% year-on-year increase in net profit attributable to equity holders to 45.29 million Singapore dollars for the six months ended Jun, 30 2026, as revenue rose 4.9% to 163.56 million Singapore dollars.

Excluding a one-off 38.4 million Singapore dollars performance fee booked in the prior-year period, revenue grew 39.1%. Adjusted net profit, which strips out other gains, losses and associate contributions, declined 27.2% to 48.03 million Singapore dollars.

Construction revenue surged 162.5% to 67.2 million Singapore dollars, reflecting progress on ongoing projects. The construction order book stood at 598.9 million Singapore dollars at Jun, 30 2026, with a further 262.2 million Singapore dollars to be added upon formal award of the Upper Thomson Road development, providing earnings visibility to FY2031.

Revenue from the workers’ dormitory segment climbed 50.7% to 63.3 million Singapore dollars, driven by the ramp-up of the 10,500-bed Pioneer Lodge, which reached 85% occupancy in Jul, 2026. The 15,744-bed Tuas View Dormitory operated at 92% occupancy, with a lease renewal update expected in Oct, 2026.

The group’s regional student accommodation platform will expand from 409 beds to about 1,860 beds by 2028, following developments in Sydney, Adelaide and two recently secured Hong Kong properties. Additional recurring income is anticipated from the 344-room DoubleTree by Hilton Singapore Robertson Quay, slated to open in 4Q 2026, and the Wycombe Abbey International School, targeted to start operations in 3Q 2028.

As of Jun, 30 2026, Wee Hur held cash and bank balances of 236.4 million Singapore dollars and had drawn 205 million Singapore dollars under its 500 million Singapore dollars medium-term note programme maturing in 2030. Net gearing remains within an internal ceiling of 50%.

The board declared an interim tax-exempt dividend of 0.005 Singapore dollars per share for the first half of FY2026. Executive Chairman and Managing Director Goh Yeow Lian said the diversified pipeline underpins the company’s strategy to build a stable, recurring income base while pursuing long-term growth.