Financial Highlights REVENUE (S$’M) FY2023 revenue increased by 24.6% mainly due to the improved sales from Eden Residences Capitol and higher project management fee earned due to project progress for China healthcare joint venture and The Skywaters. 2023 2022 161.3 2019 124.2 2020 111.2 2021 119.9 200.9 EARNINGS BEFORE INTEREST AND TAX (“EBIT”) (S$’M) FY2023 EBIT increased by 81.1% mainly due to fair value recognised in various assets, higher contribution from Forett at Bukit Timah due to the project progress and higher project management fee earned. PROFIT AFTER TAX AND MINORITY INTEREST (“PATMI”) (S$’M) PATMI increased by S$20m in FY2023 due to the improved sales of Eden Residences Capitol and higher fair value gains from Singapore and China assets. These were offset by higher finance costs recorded in FY2023. TOTAL ASSETS (S$’B) FY2023 total assets increased by S$14.8m or 0.2% mainly due to the fair value gain recognised for various assets, offset by lower translation of assets value due to depreciation of Chinese Renminbi (“RMB”). ORDINARY DIVIDEND PER SHARE (CENTS) Proposed dividend of 0.5 cents per share for FY2023. DEBT EQUITY RATIO (NET OF CASH) (TIMES) Net gearing (Debt-to-Equity ratio) improved to 0.74x due to the increase in profit, deconsolidation of CHIJMES’ borrowings and repayment of bank facilities offset by increase of drawdown to finance project development. EARNINGS PER SHARE (“EPS”) (CENTS) FY2023 EPS increased by 1.2 cents to 1.75 cents, as a result of higher PATMI. NET ASSET VALUE (“NAV”) PER SHARE (S$) NAV per share decreased by 2.3% to S$1.55 in FY2023, mainly attributable to decrease in foreign currency translation reserves due to the depreciation of RMB against the SGD by 2% for the year. 2022 2023 138.5 250.8 2019 136.0 2020 111.7 2021 135.5 2022 2023 9.1 29.1 2019 3.8 2020 19.0 2021 5.9 2022 2023 8.2 8.3 2019 7.6 2020 7.8 2021 8.5 2022 2023 0.55 1.75 2019 0.23 2020 1.15 2021 0.36 2022 2023 1.58 1.55 2019 1.58 2020 1.71 2021 1.82 2022 2023 0.82 0.74 2019 0.74 2020 0.66 2021 0.70 2022 2023 0.2 0.5 2019 0.2 2020 0.4 2021 0.1 40 PERENNIAL HOLDINGS PRIVATE LIMITED
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