Oxley Holdings Limited reported a S$51.3 million loss before tax for the year ended Jun 30 2026, as impairment provisions and fair-value adjustments outweighed a positive operating cash inflow. Group revenue came in at S$163.8 million, underpinned by contributions from property development, hospitality and investment properties.
The company generated a gross profit of S$54.5 million, translating to a margin of about 33.2%. Net operating cash inflows reached S$79.3 million, supporting a S$25.3 million reduction in total borrowings during the year. Oxley did not announce any dividend for FY2026.
Property development remained the largest revenue driver. All office and retail units at Oxley Towers KLCC in Malaysia were fully sold, while the Sofitel Residences and Jewel Residences achieved sales rates of roughly 80 per cent and 63 per cent respectively. In the United Kingdom, efforts continued to clear remaining units at the completed Royal Wharf and Riverscape projects.
Segment performance in hospitality and investment properties was broadly stable. The Singapore portfolio continued to provide recurring income, and the Shangri-La hotel in Cambodia saw a gradual recovery in occupancy as regional travel improved. However, profitability was dragged by S$6.8 million in impairment losses, a S$16.8 million provision for an onerous contract, S$10.1 million of fair-value markdowns on investment properties and a S$9.4 million share of losses from a Cambodian joint venture. Depreciation and amortisation totalled S$17.1 million.
Looking ahead, management is prioritising balance-sheet strengthening and liquidity preservation. Key initiatives include continued asset sales—illustrated by the post-year-end divestment of a 30 per cent stake in The Langham hotel at Oxley Towers KLCC—further deleveraging and the completion of hotel fit-out works in Malaysia. The group also plans to accelerate the sale of remaining residential inventories in Malaysia, the UK and Cambodia while monitoring interest-rate trends and broader macroeconomic conditions.
Executive chairman and chief executive Ching Chiat Kwong said the company made “meaningful progress” on debt reduction and asset monetisation during FY2026. He added that Oxley will stay focused on execution discipline, deleveraging and portfolio value-unlocking to preserve financial flexibility and enhance long-term shareholder returns amid an uncertain external environment.