Wee Hur Holdings Ltd. · SGX:E3B
Wee Hur — FY2025 Earnings Presentation
25 slides from Wee Hur's earnings presentation, Mar 3, 2026
Slide 1: Results Presentation FY2025
RESULTS PRESENTATION FY2025 3 March 2026
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Wee Hur Holdings Ltd (“Wee Hur” or the “Group”) for information purposes only and does not constitute or form part of any offer, invitation or solicitation, whether in Singapore or any other jurisdiction nor should this presentation or any part of it
Slide 3: Contents
CONTENTS 1. CORPORATE OVERVIEW 2. KEY HIGHLIGHTS 3. SEGMENTAL REVIEW 4. FINANCIAL REVIEW 5. BUSINESS OUTLOOK
Slide 4: Corporate Overview
I CORPORATE OVERVIEW
Slide 5: Wee Hur Holdings at a Glance
WEE HUR HOLDINGS AT A GLANCE SGX-listed since 2008 S$707.82 S$0.71 1.08 Market Cap* NAV/Share# P/B Ratio* KEY BUSINESS SEGMENTS Singapore Properties Construction Development & Investment Singapore Australia Properties Management Platforms Development & Investment RE Fund Management & Hospitality Ope
Slide 6: Multi-Asset Investment House with Real Estate Heritage
MULTI-ASSET INVESTMENT HOUSE WITH REAL ESTATE HERITAGE Ecosystem spanning Construction, Property Development & Investments, Specialized Accommodation, and Alternative Investments. FINANCE MANAGE BUILD OWN Property and Fund Management Construction and Development Recurring Income Assets Cash and Bank
Slide 7: Corporate History
CORPORATE HISTORY Adding new growth pillars to expand our ecosystem 1980 2008 2009 2013 2014 2016 2017 2020 2021 2022 2023 2024 2025 CORPORATE Listed on $500m SGX MTN Wee Hur Record CONSTRUCTION high Founded orderbook AU PROPERTY SG Prop AU Prop Greenfield DEVELOPMENT Dev Dev Land Subdivision WORKER
Slide 8: Key Financial Highlights FY2025
KEY FINANCIAL HIGHLIGHTS FY2025 Attributable Net Profit: Adjustable Net Profit*: S$68.4m S$105.5 +27% +130% SG - PROPERTY FUND TOTAL DEVELOPMENT MANAGEMENT REVENUE REVENUE REVENUE S$ 295.4M 47% S$ 82.9M 83% S$ 41.8M 654% WORKERS CONSTRUCTION CASH & BANK DORMITORY REVENUE BALANCES REVENUE S$ 92.7M 10
Slide 9: Key Operational Highlights FY2025
KEY OPERATIONAL HIGHLIGHTS FY2025 Launch of Pioneer Lodge worker Advancing Development & Investment Dormitory Properties Pipeline ➢ Awarded Upper Thomson Road GLS site for a ➢ Group’s second workers dormitory 596-unit residential development with a capacity of 10,500 beds ➢ Entered joint venture for
Slide 10: Segmental Review
SEGMENTAL REVIEW I
Slide 11: Construction
CONSTRUCTION Record high order book driven by HDB project wins Award Construction Order Book Project Completion Timeline* 935.0 6.3 Bartley Vue 2Q 2026 Mount Vernon Funeral Parlour 4Q 672.5 2026 6.3 Teochew 3Q Building 2027 928.7 1Q Wycombe 2028 Abbey School 666.2 275.0 263.3 240.2 4Q 106.3 HDB ER P
Slide 12: Investment Properties - Workers' Dormitory
INVESTMENT PROPERTIES - WORKERS’ DORMITORY Scaling workers’ dormitory portfolio to grow recurring revenue Number of Beds Tuas View Dormitory^ Pioneer Lodge ^ DTS compliant NDS compliant Capacity y-o-y +66% 10,500 3,144 1 15,744 15,744 15,744 No. of Beds Occupancy No. of Beds Incoming Occupancy 15,74
Slide 13: Investment Properties – School & Hotel
INVESTMENT PROPERTIES – SCHOOL & HOTEL Upcoming projects with strategic partnerships to expand recurring income Doubletree by Hilton Singapore Wycombe Abbey School Robertson Quay JV Stake1 Group’s Stake2 49% ordinary and 60% class B shares Significant minority Campus Size Size 1,800 student capacity
Slide 14: Residential Development Properties
RESIDENTIAL DEVELOPMENT PROPERTIES Well-located projects to expand development revenue Bartley Vue1 Upper Thomson Road2 Sales Rate Project Size 100% 596-unit residential project Project Size Sales Launch 115-unit residential project 1H2027 Expected Completion Expected Completion 2Q2026 4Q2030 Images
Slide 15: Development Properties - Australia
DEVELOPMENT PROPERTIES - AUSTRALIA Expanding land banks and securing Development Approvals to capture long-term Australian housing demand Park Central Brisbane (Mixed-use)1 DA approval obtained in 2024 but are looking to refine this approval in 2026 Cryna (I, II, III) Projects2 DA approval aimed
Slide 16: Investment Properties - Australia
INVESTMENT PROPERTIES - AUSTRALIA Expanding student accommodation portfolio to support long-term recurring income Y Suites on Margaret* (PBSA Fund II) 409-bed PBSA commenced operations in February 2025, reaching 99% occupancy 188 Grenfell* (PBSA Fund III) Construction for 708-bed PBSA commenced in
Slide 17: Fund Management – PBSA
FUND MANAGEMENT – PBSA Proven ability to deliver returns while positioning for larger-scale growth Fund management platform driving recurring fee income and scalable growth through an asset-light model Management Fee Development Fee Performance Fee Fund I Exit Fund II A$232M 30% AUM* Sponsor Stake A
Slide 18: Student Accommodation - Australia
STUDENT ACCOMMODATION- AUSTRALIA Capturing opportunity through an asset light model to expand recurring income • Underpinned by deep experience in the asset class to continue identifying and executing strategic investment opportunities • Leveraging integrated platform to identify and develop prime l
Slide 19: Financial Review
FINANCIAL REVIEW
Slide 20: FY2025 Performance
FY2025 PERFORMANCE Growth driven by strong performance across core segments +47% YoY 293.3 Construction (+19.9% YoY) Increase in revenue mainly due to 41.8 recognition of work completed in FY2025. 224.8 215.9 200.8 188.6 92.7 Property Development (+83.1% YoY) 36.8 59.1 Driven by progressive revenue
Slide 21: FY2025 Performance
FY2025 PERFORMANCE Performance across core business segments strengthened despite absence of Fund I contributions S$'000 FY2025 FY2024 YoY Change Gross Margin Revenue 295,439 200,794 47% Boosted by the one-time performance fee from the partial disposal of units in Fund I, as well as Gross profit 135
Slide 22: Strong Financial Position
STRONG FINANCIAL POSITION Healthy liquidity and debt headroom to fund strategic opportunities Strong cash position with capacity to grow Medium Term Note Programme • Healthy cash balance due to issuance of MTN & partial-disposal of Fund I • Significant debt headroom to support reinvestment into its
Slide 23: Business Outlook
BUSINESS OUTLOOK
Slide 24: Key Growth Drivers 2026 & Beyond
KEY GROWTH DRIVERS 2026 & BEYOND Property Development in Investment Properties and Record High Construction Singapore Financial Assets in Singapore Orderbook ➢ Focus on execution across three new projects secured in ➢ Wycombe Abbey School ➢ Current orderbook at S$673M; FY2025 Singapore with strategi
Slide 25: Thank You
IE PEREZ EPEEL Ee @ SUITES on Margaret