UOA Development Bhd, a subsidiary of United Overseas Australia Ltd (UOS), reported revenue of 221.2 million Singapore dollars for the three months ended Jun, 30 2026, a 69.9% increase from 130.2 million Singapore dollars a year earlier. Profit after tax and minority interests improved to 95.6 million Singapore dollars from 91.7 million, while basic earnings per share were 3.60 Singapore cents, up from 3.50 Singapore cents.\n\n

Management attributed the stronger top-line performance to continued progress on four projects—Aster Hill, Bamboo Hills Residences, Duo Tower and Aethera Residences. New property sales for the half-year reached 317.4 million Singapore dollars, lifting total unbilled sales to 565.9 million as at Jun, 30 2026.\n\n

For the first half of 2026, group revenue rose to 335.1 million Singapore dollars from 282.3 million in the prior-year period. Profit before tax amounted to 185.0 million Singapore dollars, compared with 202.9 million a year ago, while profit after tax stood at 143.8 million Singapore dollars versus 168.5 million.\n\n

The company’s balance sheet remained debt-free, closing the quarter with cash, fixed deposits and short-term investments of 1.73 billion Singapore dollars. Net asset value per share was 2.18 Singapore dollars.\n\n

A first and final dividend of 10 Singapore cents per share for FY 2025—totalling 265.5 million Singapore dollars—was paid on Jul, 27 2026, partly via a dividend reinvestment scheme that issued 34.4 million new shares. The board has not proposed any interim dividend for the current quarter.\n\n

Looking ahead, UOA Development said it will continue to pursue “strategic opportunities for future growth and expansion,” supported by unbilled sales that are scheduled to be recognised in line with construction progress.