Link: https://links.sgx.com/1.0.0/corporate-announcements/BUD4AO8TCXT9UGY9/35795d57d8a7c28c3939b2164e7a47912c0eda3bebc01b3753d98625badd8076

Summary:

• FY2025 revenue surged 93% to S$113.6 million versus S$59.0 million in FY2024, driven by ongoing and new projects.

• Net profit climbed 140% to S$13.5 million, underscoring substantial operational improvements.

• Gross profit margin improved to 19.7%, up 1.6 percentage points year-on-year due to procurement savings.

• A strong order book at S$112.8 million as of 30 June 2025 ensures revenue visibility moving forward.

• The Board proposes a final dividend of 2.2 Singapore cents per share (53.7% payout ratio), fulfilling IPO promises to shareholders.

• Cash balance rose to S$27.0 million, supported by robust operational cash flow and S$7.0 million IPO proceeds.

• The Company is well-positioned to leverage new opportunities from Singapore’s urban revitalisation initiatives, despite ongoing industry challenges.

• Management remains committed to an asset-light, cost-disciplined strategy focused on sustainable growth and value creation for shareholders.links.sgx