Link: https://links.sgx.com/1.0.0/corporate-announcements/BVKORCJQKT9QWB1W/c617c70d86975057ebf832015cbec68e99967b33d9636be45cae99219e8b14e3

Summary:

• Revenue: S$73.64 million (up 8.5% from S$67.86m FY2024), driven by strong growth in the commercial segment (S$66.1m, +17.3%), offset by declines in residential and showflats projects.

• Gross Profit: S$9.24 million (up 17.3%, margin improved from 11.6% to 12.5%), benefiting from higher margin commercial projects.

• Profit Before Tax: S$3.01 million (up 6.3%); Net profit after tax: S$2.62 million (up 15.8%).

• EPS: 1.49 cents (basic/diluted, up from 1.33 cents).

• Net Asset Value per Share: 7.21 cents (up from 6.05c).

• Balance Sheet: Total assets S$52.0 million; cash & cash equivalents S$12.6m. Increased trade and other receivables and contract assets from project ramp-up.

• Dividend: Final proposed 0.66 cents per share (up from 0.32c), subject to AGM approval. Total payout: S$1.14 million.

• Segment/Geographic Review: Malaysia revenue sharply higher due to new infrastructure project (to S$4.0m, from S$67k).

• Borrowings: S$20.8 million, including bank loans and bills payable.

Business & Outlook Highlights:

• Growth reflects a strategic focus on higher-margin commercial fit-out projects.

• Actively expanding in Malaysia (Johor public sector infra project) and exploring property development.

• Outlook remains positive, with Singapore construction demand estimated at S$47–53bn for 2025—public sector remains key growth driver.

• Group will continue to focus on margin discipline, project execution, and regional growth, with a healthy order book and strong cash generation.