Ho Bee Land Limited (SGX:H13)

Ho Bee Land Income Statement

Financials in millions SGD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	475.76	528.04	444.87	435.62	347.69	215.68
Gain (Loss) on Sale of Assets (Rev)	1.01	1.04	46.48	2.81	0.13	0.17
Gain (Loss) on Sale of Investments (Rev)	-10.35	-11.33	-12.96	27.36	37.79	0.05
Other Revenue	44.46	45.58	19.19	8.85	1.99	2.45
Total Revenue	510.88	563.32	497.58	474.8	387.73	218.36
Revenue Growth (YoY	-0.33%	13.21%	4.80%	22.46%	77.56%	-1.11%
Property Expenses	207.04	239.9	160.36	146.44	122.67	17.62
Other Operating Expenses	34.96	34.38	28.23	23.97	30.65	26.16
Total Operating Expenses	242	274.27	188.59	170.41	153.32	43.79
Operating Income	268.88	289.05	308.99	304.39	234.41	174.58
Interest Expense	-137.42	-159.77	-167.62	-91.51	-41.75	-44.98
Interest & Investment Income	4.6	6.7	9.92	3.49	1.97	2.15
Income (Loss) on Equity Investments	8.18	3.83	2.13	78.7	115.53	55.44
Currency Exchange Gain (Loss)	-1.6	-5.37	-7.38	-18.41	-5.76	15.55
EBT Excluding Unusual Items	142.63	134.44	146.04	276.66	304.38	202.73
Gain (Loss) on Sale of Assets	34.82	34.82	-	-	-	-
Asset Writedown	0.3	-17.04	-364.61	-98.75	53.11	-32.79
Other Unusual Items	-	-	-	-	0.09	0.74
Pretax Income	177.75	152.21	-218.57	177.91	357.58	170.68
Income Tax Expense	27.16	42.55	40.47	10.8	17.57	29.03
Earnings From Continuing Operations	150.59	109.67	-259.04	167.11	340.01	141.66
Net Income to Company	150.59	109.67	-259.04	167.11	340.01	141.66
Minority Interest in Earnings	-0.02	-0.11	-0.81	-1.23	-9.5	-4.59
Net Income	150.58	109.56	-259.85	165.88	330.51	137.07
Net Income to Common	150.58	109.56	-259.85	165.88	330.51	137.07
Net Income Growth	-	-	-	-49.81%	141.14%	-58.75%
Basic Shares Outstanding	664	664	664	664	664	665
Diluted Shares Outstanding	664	664	664	664	664	665
Shares Change (YoY)	-	-	-	-	-0.13%	-0.06%
EPS (Basic)	0.23	0.16	-0.39	0.25	0.50	0.21
EPS (Diluted)	0.23	0.16	-0.39	0.25	0.50	0.21
EPS Growth	-	-	-	-49.81%	141.42%	-58.73%
Dividend Per Share	0.040	0.040	0.030	0.080	0.100	0.080
Dividend Growth	33.33%	33.33%	-62.50%	-20.00%	25.00%	-
Operating Margin	52.63%	51.31%	62.10%	64.11%	60.46%	79.95%
Profit Margin	29.47%	19.45%	-52.22%	34.94%	85.24%	62.77%
EBITDA	269.62	289.81	309.92	305.18	235.35	175.35
EBITDA Margin	52.78%	51.45%	62.29%	64.28%	60.70%	80.30%
D&A For Ebitda	0.74	0.77	0.93	0.79	0.95	0.77
EBIT	268.88	289.05	308.99	304.39	234.41	174.58
EBIT Margin	52.63%	51.31%	62.10%	64.11%	60.46%	79.95%
Effective Tax Rate	15.28%	27.95%	-	6.07%	4.91%	17.01%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.