PropNex FY2025 Key Updates

Record-Breaking Year

PropNex delivered its strongest year ever in FY2025, celebrating its 25th anniversary with blockbuster numbers. Revenue hit $1.116 billion (up 42.6% YoY) and profit attributable to owners reached $70.4 million (up 72.0% YoY).

Revenue Breakdown

The star performer was Project Marketing, which surged 133.9% to $434 million as developers' sales hit a four-year high of 10,815 units. Private Resale also grew 28.8% to $234.2 million. HDB Resale was the only segment to dip slightly (down 1.7%) as the market normalized after years of strong gains.

Profitability

Gross profit margin improved to 10.3% (from 9.1%), driven by higher contribution from the more profitable Project Marketing segment. The company remains completely debt-free with $149.1 million in cash.

Shareholder Returns

Total dividends for FY2025 hit a record 9.5 cents per share (5.1% yield at $1.88 closing price), with a 99.9% payout ratio. Since IPO in 2018, cumulative total returns have reached 609.2%, or 32.3% annualized.