Slide 1: 1H FY2026 Financial Results
1H FY2026 Financial Results 30 January 2026
Slide 2: Content
Content 1. Financial Highlights 2. Business Highlights 3. Q&A Guoco Tower, Singapore
Slide 3: Financial Highlights
Financial Highlights 3 Guoco Midtown II, Singapore
Slide 4: 1H FY26 key financial highlights
1H FY26 key financial highlights -22% 1% 14% -0.03x Revenue Profit before tax Attributable profit Debt1-to-assets S$792m S$119m S$85m 0.41x 1 Debt is defined as total loans and borrowings 4
Slide 5: Twin-engine growth strategy underpins results
Twin-engine growth strategy underpins results Revenue by key business Operating profit by key business • 1H FY26 revenue impacted by lower (S$’ million) (S$’ million) recognition from Property Development due to the different stages of project completion, partially offset by higher recurring rental
Slide 6: Singapore remains a key contributor to the Group
Singapore remains a key contributor to the Group Assets by key segments1 Revenue by key segments1 Overseas Overseas 27% 21% S$11.19b S$755.16m Singapore Singapore 79% 73% Figures as at 31 December 2025 1 Excludes Others 6
Slide 7: Growing recurring income base
Growing recurring income base FY2017 FY2022 FY2023 FY2024 FY2025 1H FY2026 Guoco Tower Guoco Changfeng Guoco Midtown Guoco Midtown Guoco Midtown II Guoco Midtown II fully began operations City (South Tower) began operations fully operational began operations operational began operations Lentor Moder
Slide 8: Prudent capital management
Prudent capital management Group loans & borrowings (S$’ million) Debt profile is backed by high-quality assets in Singapore 5,484 • Total loans and borrowings fell 12% y-o-y to 4,801 S$4.8 billion as development loans were progressively repaid with sales proceeds 2,885 received 2,758 • Borrowings a
Slide 9: Business Highlights
Business Highlights 9 Lentor Modern, Singapore
Slide 10: Sustained demand for high-quality projects in Singapore
Sustained demand for high-quality projects in Singapore Springleaf Residence Faber Residence Penrith Launched in Aug 2025 Launched in Oct 2025 Launched in Oct 2025 • 96% sold • 91% sold • 97% sold • Developed by GuocoLand−Hong Leong • Developed by GuocoLand−TID−Hong • Developed by GuocoLand–Hong JV
Slide 11: Transforming neighbourhoods
Transforming neighbourhoods A portfolio of high-quality, user-centric developments in Singapore Guoco Tower 20 Collyer Guoco Midtown Midtown Modern Commitment Quay Commitment rate: 100% sold rate: 100% Commitment 100% CBD rate: 93%1 Guoco Midtown II Midtown Bay Retail commitment 67% sold rate: 100%
Slide 12: Resilient demand for best-in-class investment properties
Resilient demand for best-in-class investment properties Singapore • Office portfolio maintained high commitment rates and positive rental reversions Investment properties asset value • Strong rental rates of S$12+ to S$14+ psf/month for premium Grade A Completed 31 December 2025 30 June 2025 office
Slide 13: Strengthening our track record in Singapore
Strengthening our track record in Singapore FY FY FY FY FY 2022 2023 2024 2025 2026 Jul’21: Acquired Sep’22: Launched Jul’23: Launched Aug’24: Acquired Aug’25: Launched 1st site in Lentor Lentor Modern Lentor Hills Margaret Drive site Springleaf Residence Lentor Modern, Residences Penrith with 462 u
Slide 14: Transforming neighbourhoods with upcoming launches
Transforming neighbourhoods with upcoming launches River Modern Tengah Garden Avenue • Developed by GuocoLand • Developed by • High-end waterfront GuocoLand–Hong development in prime Leong–CSC Land JV District 9 comprising two (20:60:20) towers with commercial • Tengah’s first private shops on the f
Slide 15: Creating value through our twin-engine growth strategy and end-to-end capabilities
Creating value through our twin-engine growth strategy and end-to-end capabilities Portfolio of best-in-class Uplifting neighbourhoods investment properties Proficiency in identifying Stable recurring rental revenue high-potential sites with strong from premium Grade A assets attributes, and enhanci
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix
Slide 18: Unique leasing strategy provides resilience
Unique leasing strategy provides resilience 2.8% Automotive ✓ Diversified tenant base 19.3% 13.2% Banking & Finance Chemical/ Energy/ Oil & Gas Commodities & Trading across industries boosts FMCG portfolio resilience and 3.0% Hospitality lowers concentration risk Insurance 7.3% 9.0% Blended tenant I
Slide 19: Prudent capital management
Prudent capital management Debt1-to-assets ratio remains steady Debt1 / Assets Total Equity2 (S$’ million) 4,745 4,692 4,679 4,682 0.46 0.44 0.43 0.43 0.41 4,521 408 303 408 408 181 4,379 4,337 4,340 4,284 4,271 FY2022 FY2023 FY2024 FY2025 1H FY2026 FY2022 FY2023 FY2024 FY2025 1H FY2026 Attributable
Slide 20: Revenue by business unit
Revenue by business unit S$’ million 1H FY26 1H FY25 % change GuocoLand Singapore 550 842 (35) GuocoLand China 132 94 41 GuocoLand Malaysia 73 43 68 Others 37 37 (1) Total 792 1,016 (22) 20
Slide 21: Profit/(Loss) before tax by business unit
Profit/(Loss) before tax by business unit S$’ million 1H FY26 1H FY25 % change GuocoLand Singapore 144.7 148.3 (2) GuocoLand China (26.6) (10.8) N/M GuocoLand Malaysia 7.4 5.1 46 Others (6.5) (25.1) N/M Total 119.0 117.6 1 N/M: Not meaningful 21
Slide 22: Total assets by business unit
Total assets by business unit S$’ million 31 December 2025 30 June 2025 GuocoLand Singapore 8,793 9,397 GuocoLand China 1,606 1,738 GuocoLand Malaysia 794 748 Others 554 493 Total 11,746 12,375 22
Slide 23: Residential projects – Singapore
Residential projects – Singapore Expected Project Stake Total units % Sold / booked completion1 Midtown Bay 70% 219 67% Completed in 2Q 2024 Lentor Modern 100% 605 100% Completed in 3Q 2025 Lentor Hills Residences 30% 598 100% 2H 2026 Lentor Mansion 60% 533 100% 1H 2028 Lentor Central Residences 30%
Slide 24: Disclaimer
Disclaimer ▪ This presentation has been prepared by GuocoLand Limited (the “Company”) solely to provide information in connection with a potential investment in securities to be issued by GLL IHT Pte. Ltd. and/or the Company. By viewing all or part of this presentation, you agree to maintain confide