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An update from City Developments ( (SG:C09) ) is now available.
CDL Investments New Zealand reported a sharp drop in full-year revenue to NZ$38.1 million in 2025 from NZ$49.1 million a year earlier, driven mainly by lower property sales. Rental income improved modestly, but gross profit fell to NZ$20.9 million from NZ$29.8 million, and net profit declined to NZ$11.1 million versus NZ$15.4 million, with earnings per share slipping to 3.78 cents from 5.28 cents.
Operating expenses, including administrative, property, selling, and other costs, remained tightly controlled but could not offset weaker top-line performance. Net finance income also contracted significantly, contributing to the lower profit before tax, underscoring a tougher market environment for the company’s development and sales operations and implying constrained returns for shareholders compared with the previous year.
The most recent analyst rating on (SG:C09) stock is a Hold with a S$10.00 price target. To see the full list of analyst forecasts on City Developments stock, see the SG:C09 Stock Forecast page.
More about City Developments
CDL Investments New Zealand Limited is a residential property developer focused on land subdivision and sales in New Zealand. The company also earns recurring income from rental properties, positioning it within the broader real estate and property investment sector.
Average Trading Volume: 2,634,924
Technical Sentiment Signal: Buy
Current Market Cap: S$8.78B
For detailed information about C09 stock, go to TipRanks’ Stock Analysis page.