• Revenue up 31.11% to $182.1 million
• Profit up 15.59% to $91.6 million
• Final dividend of 2.00 cents per share declared

United Overseas Australia Ltd earned a $168.1 million operating profit for the financial year ended 31 December 2024. After taxation and non-controlling interests, the operating profit applicable to the members of the Company was $91.6 million, an increase of $12.4 million or 15.59% when compared with the 2023 profit result. Gross revenue from ordinary activities was $182.1 million, an increase of $43.2 million over last year's revenue of $138.9 million. Earnings per share for the year ended 31 December 2024 was 5.58 cents, an increase of 0.59 cents over earnings of 5.00 cents per share for the same period last year. The Directors have declared a final dividend (unfranked) of 2.00 cents per share making a total dividend of 2.50 cents per share for the year. The Company's Dividend Re-Investment Plan will operate in respect of the declared dividend with a 5% discount to market price. The Group's net debt to equity ratio is 13.3% in December 2024 as compared to 14.1% in December 2023. The Directors continue to have confidence in the outlook for the Group as various sectors of the economies in which the Group operate have generally improved over the year to 31 December 2024, and show signs of continuing that improvement.

The Group expects to maintain its strong financial performance, with revenue and profit forecast to continue growing in the 2025 financial year.

The Directors are confident in the Group's outlook, with continued improvement in economic conditions and planned launches of new commercial and residential projects expected to contribute to future growth.