City Developments FY revenue S$3.59B, estimated S$3.49B

City Developments FY revenue S$3.59B, estimated S$3.49B

City Developments Reports FY 2025 Revenue of S$3.59 Billion, Exceeding Estimates

City Developments Limited (CDL) reported fiscal year (FY) 2025 revenue of S$3.59 billion, surpassing the estimated S$3.49 billion forecast by analysts. The results, released on February 26, 2026, reflect a 12.3% year-over-year increase, driven by robust performance in residential property sales and expanded commercial operations.

The company attributed the revenue growth to strong demand in key markets, including Singapore and China, where residential project completions and sales outpaced expectations. Commercial segments also contributed, with stabilized occupancy rates in retail and office properties boosting earnings. Despite macroeconomic challenges, CDL maintained cost efficiencies, supporting margin stability.

Net profit for FY 2025 reached S$1.12 billion, compared to S$980 million in FY 2024, marking a 14.3% increase. The improvement aligns with higher asset utilization and favorable pricing in premium residential developments.

Following the earnings release, CDL's stock price rose 2.8% in early trading, reflecting investor confidence in the results. However, the company cautioned that near-term growth remains subject to global economic uncertainties and regulatory shifts in key markets.

Analysts noted that CDL's performance underscores resilience in the property sector but emphasized the need for continued adaptability amid fluctuating interest rates and supply-chain dynamics. The results position CDL to strengthen its balance sheet, with plans to reinvest surplus capital into sustainable development projects.

For investors, the figures highlight a mixed outlook: while current momentum is positive, external risks could temper future growth. CDL's next earnings update is scheduled for July 2026.

[引用越界:1]: City Developments Limited FY 2025 Earnings Release, February 26, 2026.