CSC returns to profitability with S$1.9 million net profit in FY2025 on 10.6% revenue growth, proposes first dividend in years
Summary:
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CSC Holdings reported a 10.6% increase in revenue to S$337.8 million in FY2025, up from S$305.3 million in FY2024, driven by strong construction activity in Singapore.
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Gross profit jumped 144.9% to S$35.4 million, lifting gross profit margin to 10.5% from 4.7%.
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The Group achieved a net profit of S$1.9 million, reversing from a net loss of S$20.2 million in FY2024.
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EBITDA more than tripled to S$31.4 million from S$9.2 million.
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The Board proposed a one-tier tax-exempt final dividend of 0.035 cents per share, reflecting a 70% payout ratio.
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Singapore’s robust pipeline included large infrastructure projects such as the Cross Island MRT Line and multiple public housing developments.
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Malaysia operations faced challenges in the bored piling segment, prompting a strategic shift toward jack-in piling.
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CSC continued expanding its equipment distribution and leasing business, including setting up repair services for China-made piling equipment.
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The Group ended FY2025 with total assets of S$396.3 million, equity of S$107.4 million, and a gearing ratio of 0.95 times.
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Looking ahead, CSC aims to leverage its core strengths to capture Singapore’s growing infrastructure demand, while carefully managing costs, foreign worker levies, and tender competitiveness.