PropNex FY 2025 profit jumps 72% on private home rebound
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PropNex reported a 72% increase in FY 2025 net profit to $70.4 million, with revenue rising 42.6% to a record $1.1 billion. Gross profit also increased by 62.1% to $115 million. The company proposed a final cash dividend of 4.5 cents per share, totaling 9.5 cents for the year. The growth was attributed to a rebound in private residential project launches in Singapore. For 2026, PropNex anticipates continued healthy market conditions, projecting sales of around 9,000 units and a 3% to 4% increase in private home prices.
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