United Overseas Australia (ASX:UOS) Reports Higher FY25 Revenue and Profit Across Developments

Aditi Sarkar

06 November 2026 10:34 PM AEDT

United Overseas Australia (ASX:UOS) Reports Higher FY25 Revenue and Profit Across Developments

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Highlights

United Overseas Australia delivered FY25 Revenue of $269.7 million from property development, up 48.1%, driven by strong Malaysian activity overall.
Net profit surged 61.7%, with management remaining positive about the outlook in its key markets including Malaysia, Singapore and Vietnam.
A 2-cent final Dividend was declared for FY25, providing income to ASX shareholders alongside Malaysian development profits during the year.
United Overseas Australia operated primarily in Malaysia through its listed Subsidiary UOA Development Bhd, a major Kuala Lumpur property developer.

United Overseas Australia Ltd (ASX:UOS) is an ASX and Singapore dual-listed property Investment and development company whose operations are based primarily in Malaysia, through its ~69% interest in Bursa Malaysia-listed UOA Development Bhd. UOS reported its preliminary final results for the year ended 31 December 2025 (FY25) on 26 February 2026, delivering revenue from property development of $269.7 million — a 48.1% increase over FY24's $182.1 million — and a 61.7% surge in net profit. The company declared a 2-cent final dividend for FY25. Management expressed continued confidence in the Malaysian property development market and the company's pipeline in Kuala Lumpur and surrounding areas. The company is also active in Singapore, Vietnam, and Australia.

Malaysian Operations and UOA Development Bhd

United Overseas Australia's primary Earnings engine is UOA Development Bhd, one of Kuala Lumpur's leading property developers with a comprehensive, vertically integrated in-house development capability. UOA Development's FY25 performance underpinned the strong group result, with buoyant Demand for residential and commercial properties in the Kuala Lumpur metropolitan area. The Malaysian property market benefited from improving Mortgage conditions, population growth, infrastructure investment, and a recovery in property sentiment from the post-pandemic trough. UOA Development's integrated model — combining development, construction, property investment, hotel and food and beverage operations — provides diversified revenue streams across the property development cycle.

Balance Sheet and Capital Structure

United Overseas Australia's Balance Sheet reflects the asset-backed nature of its Malaysian development portfolio. The net Tangible Asset backing per share (Singapore dollars) reflected the growing value of UOA Development's property assets, land bank and investment properties. The company's Market Capitalisation was approximately $250-$260 million on the ASX, trading at a significant discount to NTA — a characteristic common among ASX-listed offshore property developers. The company continued to hold investment properties generating rental income alongside its core development business, providing a steady base of recurrent revenue from leased commercial and retail Assets in Kuala Lumpur. Through its subsidiary in Vietnam, UOA Vietnam Pte, the group is also developing opportunities in the Vietnamese property market.

FY26 Activity and Outlook

For 2026, UOA Development reported first quarter profit after tax of RM41.9 million, with revenue from development activity continuing. The company announced its second-quarter 2026 results in August 2026. Property development operations continued to contribute the primary revenue stream. Management remained positive about the outlook in key markets, expecting continued demand from Malaysian buyers and ongoing execution of its development pipeline in Kuala Lumpur. Tragically, the company noted in May 2026 the passing of Chairman Chong Soon Kong, a co-founder of the UOA group, who had led the Business for many years. The company entered a Trading halt following the announcement before resuming normal operations.

Stock Price Information

United Overseas Australia (ASX:UOS) shares were trading at $0.730 on 6 November 2026, representing a gain of 9.77% for the day. The stock has risen approximately 4% over the past 12 months.

FAQs

Q: What was United Overseas Australia's FY25 revenue and profit?

A: United Overseas Australia delivered FY25 revenue from property development operations of $269.7 million, up 48.1% from $182.1 million in FY24. Net profit surged 61.7%. A 2-cent final dividend was declared. The company's fiscal year ends 31 December.

Q: Where does United Overseas Australia operate?

A: United Overseas Australia's operations are based primarily in Malaysia, through its approximately 69% interest in ASX and Bursa Malaysia-listed UOA Development Bhd — one of Kuala Lumpur's leading property developers. The group also has operations in Singapore, Vietnam, and Australia.

Q: How is United Overseas Australia structured?

A: United Overseas Australia Ltd is dual-listed on the ASX and the Singapore Exchange. It holds a majority stake in UOA Development Bhd, listed on Bursa Malaysia, which carries out all Malaysian property development. It also holds interests in a Vietnam subsidiary and Australian investment properties. The company's Malaysian subsidiary operations drive the majority of group revenue and earnings.

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