From the financial year commencing 1 April 2024 (FY2024/25), the Board will adopt a dividend policy of paying out between 30% and 50% of the Group’s underlying net profit. The Board believes this is a balanced policy taking into consideration the capital needs of the enterprise and sustainable returns to shareholders.

The Company will continue to declare interim and final dividends following the end of the first half and full financial year results.

Latest Dividend

The Board is recommending a special exempt (one-tier) dividend of 9 cents per ordinary share amounting to S$202.5 million for the financial year ended 31 March 2025. Including the interim dividend of 0.34 cents per share paid out in December 2024, total dividends would amount to 9.34 cents per share.

The proposed special dividend is subject to the approval of shareholders at the 33rd Annual General Meeting to be duly convened. The date payable and record date of the special dividend will be announced at a later date.