BREAKING:

For the first half of FY2026, Low Keng Huat's revenue and profit saw a significant downturn compared to the previous year. This was largely driven by the near completion of a major property development project. While the hotel and investment segments faced mixed results, the company managed to strengthen its financial position by reducing borrowings and improving its gearing ratio.

• A major residential project reached its final stages, leading to a sharp drop in revenue recognition for the property development segment

• Performance in the hotel segment was mixed, with one international property showing improvement while Singapore-based serviced apartments experienced declines

• The Group's balance sheet strengthened, as cash from the completed project was used to significantly pay down debt

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