Singapore · Delayed Price · Currency is SGD CapitaLand Investment Earnings Call Transcripts
Fiscal Year 2025
-
Core operating profit grew 6% year-on-year, driven by record fundraising, strong fee growth, and robust listed/private fund performance. China asset write-downs and divestments weighed on total profit, but recurring fee income and cash flow remain strong. Outlook is for continued mid-single-digit profit growth and accelerated asset-light transformation.
-
First-half results reflect lower operating PATMI due to divestments and fee pressure, but strong recurring income and capital deployment support a positive H2 outlook. Private credit and India are key growth drivers, with $500M+ China divestments targeted.
Fiscal Year 2024
-
PATMI and total profits saw strong year-over-year growth, supported by robust fee income, strategic divestments, and disciplined capital management. The business is well-positioned for growth with significant dry powder, a strong balance sheet, and a focus on expanding in APAC and India.
-
Plans are underway to double FUM to SGD 200 billion by 2028, focusing on Asia-Pacific and expanding into new markets, with recent strategic acquisitions and disciplined capital deployment. The organization is transforming into a global asset manager, prioritizing operational excellence, culture, and long-term value.
-
Fee-related income grew 8% year-on-year, now 63% of earnings, while divestments reached $1.7 billion, keeping the group on track to exceed its $3 billion annual target. Strategic focus remains on capital recycling, reducing China exposure, and expanding in Asia ex-China.