SINGAPORE, August 12, 2025 – Yangzijiang Financial Holding Ltd. (SGX: YF8), the Singapore-listed investment management firm, has reported a 28% year-on-year increase in net profit attributable to equity holders to S$137.7 million for the first half of 2025, despite a decline in total income.
The growth was driven by a reversal of credit loss allowances, stronger returns from maritime joint ventures, and net foreign exchange gains. This offset a pre-planned reduction in exposure to China’s debt market, in line with the Group’s sector rotation strategy.
Total income for the six months ended 30 June 2025 stood at S$123.6 million, down 23% from S$161.4 million a year earlier, largely due to lower interest income from debt investments in China and a net fair value loss on derivative financial instruments.
Maritime fund assets emerged as a bright spot, delivering income growth of 82% year-on-year to S$40.1 million. Singapore-based private credit and cash management funds also recorded a more than fourfold increase in income to S$18.5 million, buoyed by increased capital deployment.
The Group’s maritime investment business is now set for a separate listing on the Singapore Exchange Mainboard. The proposed spin-off aims to sharpen strategic focus, capitalise on favourable industry tailwinds, and unlock shareholder value through fairer valuations.
Post spin-off, the remaining group will focus on core investment and fund management activities, including divestment of underperforming onshore assets and deeper penetration into Southeast Asian markets such as Indonesia, Vietnam, Malaysia, and the Philippines. Plans are also underway to enhance fund management capabilities in Singapore, including applying for a Capital Markets Services licence.
Executive Chairman and CEO Ren Yuanlin said the spin-off was a timely move: “As Singapore strengthens its position as Southeast Asia’s leading dealmaking hub, we see a timely opportunity to accelerate capital deployment. With our well-established maritime investment team, I am confident in our ability to drive fairer valuations and deliver long-term sustainable value to shareholders.”
As of 30 June 2025, Yangzijiang Financial’s net asset value per share stood at 111.13 Singapore cents, down from 116.82 cents at year-end 2024, mainly due to foreign exchange translation losses from currency movements.