Mapletree Industry turned losses into profits, with annual net profit of 230 million yuan

 9:19am, 4 June 2025

Group's revenue in the 2024/25 fiscal year was 2.2 billion yuan, down about 20% from 2.8 billion yuan a year ago, and its regular net profit (recurring PATMI) was 637.4 million yuan, compared with 715.6 million yuan a year ago.

Due to the decrease in asset revaluation losses and the loss of sales, Mapletree Investments' performance turned to profit in the 2024/25 fiscal year ended March, with net profit reaching RMB 227.2 million, and a year ago its net loss of RMB 577.2 million.

Mapletree Industry turned losses into profits in fiscal year 2024/25, thanks to the decrease in overall asset revaluation losses. In addition, the group has obtained a total net income of 897 million yuan by selling non-core assets and selling other assets to Mapletree Logistics Trust, etc.

It pointed out that the split of Mapletree Logistics Trust in fiscal year 2023/24 caused the group's revenue to decline in the previous fiscal year. Excluding the impact of the split of Mapletree Logistics Trust, the group's revenue increased by 1.2% compared with the previous fiscal year.

Mapletree Industry pointed out when releasing its results on Tuesday (June 3) that the group's performance in 2024/25 is resilient. Supported by strategic acquisitions and asset recirculation activities, the Group's operations performed stably and “continue to provide a solid foundation for business growth.”

The strategic acquisition completed by the Group in the last fiscal year increased the Group's asset management scale to 80.3 billion yuan, compared with 77.5 billion yuan a year ago. The projects under development increased from 3.7 billion yuan a year ago to 5.5 billion yuan at the end of March 2025.