Hong Leong Asia H22.SI · SGD

Industrials · SGX · 🇸🇬 Singapore

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2.02

-8.18%

Close of 6 Nov 2026, in SGD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in SGD, from our data supplier.

FY2025

Revenue

SGD 5.18bn

FY2016FY2025

Net income

SGD 112.8m

FY2016FY2025

Free cash flow

SGD 449.8m

FY2016FY2025

Shareholders' equity

SGD 1.09bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	SGD 5.18bn	SGD 4.25bn	SGD 4.08bn	SGD 3.88bn	SGD 4.93bn	SGD 4.50bn	SGD 4.10bn	SGD 3.79bn	SGD 3.75bn	SGD 3.72bn
Research and development	SGD 245.8m	SGD 182.7m	SGD 165.6m	SGD 170.6m	SGD 176.9m	SGD 125.0m	SGD 98.6m	SGD 92.7m	SGD 135.2m	SGD 132.9m
Operating income	SGD 169.6m	SGD 94.2m	SGD 64.5m	SGD 69.2m	SGD 87.5m	SGD 206.8m	SGD 177.6m	SGD 195.3m	SGD 268.7m	SGD 59.4m
Net income	SGD 112.8m	SGD 87.8m	SGD 64.9m	SGD 54.5m	SGD 60.1m	SGD 46.7m	SGD 34.4m	−SGD 6.0m	−SGD 71.8m	−SGD 71.2m
Diluted earnings per share	0.15	0.12	0.09	0.07	0.08	0.06	0.05	-0.01	-0.19	-0.19

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	SGD 6.58bn	SGD 5.81bn	SGD 5.50bn	SGD 5.32bn	SGD 5.99bn	SGD 5.86bn	SGD 5.12bn	SGD 4.82bn	SGD 5.09bn	SGD 4.78bn
Cash and short-term investments	—	—	—	—	—	SGD 1.35bn	SGD 1.32bn	SGD 1.30bn	SGD 1.35bn	SGD 1.02bn
Total liabilities	SGD 4.00bn	SGD 3.36bn	SGD 3.13bn	SGD 2.96bn	SGD 3.46bn	SGD 4.98bn	SGD 4.35bn	SGD 4.07bn	SGD 4.47bn	SGD 4.08bn
Debt	SGD 263.7m	SGD 297.6m	SGD 378.0m	SGD 203.1m	SGD 176.4m	SGD 333.9m	SGD 125.5m	SGD 774.1m	SGD 894.4m	SGD 171.9m
Shareholders' equity	SGD 1.09bn	SGD 1.01bn	SGD 922.0m	SGD 902.6m	SGD 956.9m	SGD 880.0m	SGD 764.8m	SGD 746.9m	SGD 615.9m	SGD 698.4m
Shares outstanding	748m	748m	748m	748m	748m	748m	748m	411m	384m	384m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	SGD 594.2m	SGD 289.6m	SGD 362.0m	SGD 37.6m	SGD 130.7m	SGD 306.1m	SGD 441.4m	SGD 85.5m	SGD 214.1m	SGD 456.9m
Capital spending	−SGD 144.3m	−SGD 118.7m	−SGD 100.5m	−SGD 115.9m	−SGD 136.0m	−SGD 137.3m	−SGD 164.2m	−SGD 100.6m	−SGD 77.3m	−SGD 88.4m
Free cash flow	SGD 449.8m	SGD 171.0m	SGD 261.6m	−SGD 78.2m	−SGD 5.3m	SGD 168.8m	SGD 277.2m	−SGD 15.1m	SGD 136.8m	SGD 368.5m
Dividends paid	−SGD 37.4m	−SGD 22.4m	−SGD 15.0m	−SGD 15.0m	−SGD 7.5m	−SGD 7.5m	−SGD 7.5m	−SGD 7.5m	−SGD 3.7m	−SGD 3.7m

Latest quarters

By quarter end

	Jun 2025	Dec 2024	Jun 2024	Dec 2023	Dec 2020	Jun 2020	Dec 2019	Sept 2019
Revenue	SGD 2.83bn	SGD 2.00bn	SGD 2.25bn	SGD 2.01bn	SGD 4.50bn	SGD 2.14bn	SGD 1.26bn	SGD 788.6m
Operating income	SGD 137.5m	SGD 69.8m	SGD 117.1m	SGD 82.9m	SGD 206.8m	SGD 103.1m	SGD 46.1m	SGD 23.2m
Net income	SGD 56.0m	SGD 38.2m	SGD 49.5m	SGD 34.1m	SGD 46.7m	SGD 19.4m	SGD 10.5m	SGD 3.4m
Diluted earnings per share	0.07	0.05	0.07	0.05	0.06	0.03	0.01	0.00
Cash from operations	—	—	—	—	−SGD 18.0m	SGD 23.0m	SGD 176.0m	SGD 1.0m
Capital spending	—	—	—	—	−SGD 31.0m	−SGD 27.0m	−SGD 266.0m	−SGD 194.0m
Free cash flow	—	—	—	—	−SGD 49.0m	−SGD 4.0m	−SGD 90.0m	−SGD 193.0m
Total assets	SGD 6.49bn	SGD 5.81bn	SGD 5.95bn	SGD 5.50bn	SGD 5.86bn	SGD 5.76bn	SGD 5.12bn	SGD 4.91bn
Cash and short-term investments	—	—	—	—	SGD 1.35bn	SGD 1.38bn	SGD 1.32bn	SGD 1.21bn
Debt	SGD 201.8m	SGD 297.6m	SGD 368.9m	SGD 378.0m	SGD 333.9m	SGD 380.5m	SGD 125.5m	SGD 713.1m
Shareholders' equity	SGD 1.01bn	SGD 1.01bn	SGD 958.7m	SGD 922.0m	SGD 880.0m	SGD 815.3m	SGD 764.8m	SGD 757.3m

Financial ratios

Data as of 27 Oct 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Operating margin	6.0%	5.4%	5.0%	1.9%	1.8%	3.5%	—	—	—	—
Net margin	2.2%	2.1%	1.6%	1.4%	1.2%	1.0%	—	—	—	—
Return on equity	10.3%	8.7%	7.0%	6.0%	6.3%	5.3%	—	—	—	—
Return on assets	1.7%	1.5%	1.2%	1.0%	1.0%	0.8%	—	—	—	—
Free cash flow yield	—	—	—	—	15.6%	25.9%	35.4%	19.8%	33.1%	62.0%
Revenue growth	22.0%	4.1%	5.2%	-21.3%	9.7%	9.6%	—	—	—	—
Earnings growth	28.5%	35.3%	19.0%	-9.3%	28.6%	35.7%	—	—	—	—
Current ratio	1.40x	1.48x	1.53x	1.43x	1.35x	1.44x	—	—	—	—
Debt to equity	0.24x	0.29x	0.41x	0.23x	0.18x	0.37x	—	—	—	—
Equity ratio	16.6%	17.5%	16.8%	17.0%	16.0%	15.0%	—	—	—	—
Interest coverage	14.36x	6.84x	5.32x	2.48x	3.02x	4.32x	—	—	—	—
R&D as a share of sales	4.7%	4.3%	4.1%	4.4%	3.6%	2.8%	—	—	—	—
Buybacks as a share of market value	—	—	—	—	-0.0%	0.0%	-82.0%	-7.0%	0.0%	—

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	10.1%	2.9%	2.4%
Operating income	34.9%	-3.9%	7.9%
Net income	27.4%	19.3%	—

Average margins

Over each period

	1 year	3 years	5 years	10 years
Operating margin	2.8%	2.3%	2.6%	3.2%
Net margin	2.1%	1.8%	1.6%	0.5%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	15.9	7.8	7.0	9.1	10.5	11.9	14.6	-33.5	-5.5	-3.5
Price to sales	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1

Dividends and splits

Per share, in the currency the company pays

Paid for 6 years. Last went ex-dividend on 5 May 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2017
Paid in the year	0.03	0.05	0.03	0.02	0.02	0.01	0.01	0.01

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Hong Leong Asia H22.SI · SGD

Search any instrument

At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology