First Sponsor swings to 1H FY26 net loss of S$92.85 million; revenue falls 11.2% to S$136.73 million
Reuters2026/08/03 10:19Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- First Sponsor Group swung to a net loss attributable to equity holders of S$92.85 million in 1H2026; revenue fell 11.2% to S$136.73 million.
- Total comprehensive loss attributable to equity holders widened to S$65.41 million.
- The board declared an interim tax-exempt (one-tier) cash dividend of 1.1 Singapore cents per share for FY2026, unchanged.
- The group cited S$33.2 million in unrealised mark-to-market derivative losses, S$10.7 million in losses on matured derivatives, and a S$36.7 million impairment charge.
- It led consortium acquisitions of the 207-room Crowne Plaza Amsterdam South (April) and 122-room Andaz Amsterdam Prinsengracht (June), each with a 33% stake.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Sponsor Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 68AB614H2RYGM5OV) on August 03, 2026, and is solely responsible for the information contained therein.
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