The panel comprised (from left) UOL Chief Corporate and Development Officer Yvonne Tan, PPHG Chief Executive Officer Choe Peng Sum, UOL Chief Financial Officer Ng Tiang Poh Eric, UOL Group Chief Executive Liam Wee Sin, SingLand Chief Executive Officer Jonathan Eu, UOL Chief Operating Officer Neo Soon Hup and UOL Chief Investment and Asset Officer Shirley Ng.
UOL reported a 16% increase in attributable profit before fair value and other gains (operating PATMI) to $239.8 million for 1H26, driven by higher contributions from property development and property investments.
Net attributable profit (PATMI) increased 23% to $252.2 million compared with 1H25, due to attributable fair value and other gains of $12.4 million recognised for 1H26 as compared with attributable fair value and other losses of $1.0 million recognised for 1H25.
Group pre-tax profit before fair value and other gains/losses rose 17% to $373.1 million from $319.2 million in 1H25, largely due to an increased share of profits from property development joint ventures and higher operating profits from property investments. This was partly offset by lower dividend income.
On 12 August 2026, the panel comprising UOL Group Chief Executive Liam Wee Sin, Singapore Land Group Limited Chief Executive Officer Jonathan Eu, Pan Pacific Hotels Group Chief Executive Officer Choe Peng Sum, UOL Chief Financial Officer Ng Tiang Poh Eric, UOL Chief Operating Officer Neo Soon Hup, UOL Chief Investment and Asset Officer Shirley Ng and UOL Chief Corporate and Development Officer Yvonne Tan held a virtual briefing with about 40 journalists and analysts on the results.
UOL Group Chief Executive Liam Wee Sin said: “We are pleased with our performance in the first half of 2026, which reflects the resilience and complementary strengths of our diversified portfolio across development, investment properties and hospitality. Our balanced approach and strategic partnerships with other major developers for large-scale developments have allowed us to deliver steady results even as broader market conditions remain mixed.”
He highlighted the healthy demand for quality homes in good locations, with buyers continuing to gravitate towards new launches that offer strong connectivity and comprehensive amenities. “This gives us confidence as we prepare for the launch of Thomson Reserve, our next residential development, in the fourth quarter of 2026,” added Mr Liam.
“While the global economy remains uncertain, Singapore continues to stand out for its stability and long-term fundamentals, and we believe we are well positioned to capture opportunities as they arise,” he said.