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United Overseas Australia Limited (ASX:UOS)

ALERT: Price-sensitive ASX Announcement for UOS
Current share price for UOS : $0.700 0.03 (4.48%)+
Announcement
Release
26 May 2026 5:22PM
Price at Release
$0.670
Full Release
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Summary
United Overseas Australia Ltd, through its subsidiary UOA Development Bhd, reported revenue of RM113.8 million for the first quarter of 2026, a decrease from RM152.1 million in the same quarter of 2025. The profit after tax also saw a decline from RM73.9 million to RM41.9 million. This reduction was attributed to lower revenue recognition from ongoing development projects. New property sales reached RM130.7 million, with unbilled sales standing at RM612.4 million. The quarter's total expenditure was RM85.7 million, and a final dividend of 10 sen per share was proposed. The company reported no borrowings or significant litigation issues, and the effective tax rate was reduced due to certain untaxed income.
Key Points
  • Revenue for Q1 2026 was RM113.8 million, down from RM152.1 million in Q1 2025.
  • Profit after tax for Q1 2026 was RM41.9 million, compared to RM73.9 million in Q1 2025.
  • The reduction in revenue and profit was due to lower recognition of ongoing development projects.
  • New property sales for Q1 2026 totaled RM130.7 million.
  • Unbilled sales at the end of Q1 2026 amounted to RM612.4 million.
  • Total expenditure for the quarter was RM85.7 million.
  • The company proposed a final dividend of 10 sen per share for the fiscal year ending December 2025.
  • There were no borrowings or debt securities as of March 2026.
  • No major corporate proposals or litigation issues were pending during the quarter.
  • The effective tax rate was lower due to certain income not subject to tax.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.