Link: https://links.sgx.com/1.0.0/corporate-announcements/YYNL3X3D3R9CLLR9/eaa89a5765a0be3011427bc09eef21fc44ba1f13ffb54e6f90b351b0b8da9657

Summary:

• Revenue rose to $163.5 million, a 14% year-on-year increase fueled by heavy lifting and haulage projects in core markets like Singapore, India, Thailand, Malaysia, and the Middle East.

• Net profit attributable to equity holders reached $19.2 million, marking a 6% increase over last year.

• Heavy Lift and Haulage segment contributed 98% of total revenue, demonstrating operational excellence and strong demand.

• Dividend proposed at 1.75 cents per share, up 17% from FY2024, subject to shareholder approval at the upcoming AGM.

• Group expanded its fleet, adding advanced crawler cranes (800T, 1,000T, 2,000T) and increased crane and haulage assets to meet growing project scale and complexity.

• Strong cash position ($64.5 million) and shareholder equity ($322.3 million) underscore financial resilience.

• Marine transportation stable, trading segment down 8%, utilisation rates for heavy lifting assets slightly declined.

• Maintains positive outlook for integrated solutions in petrochemical, semiconductor, infrastructure, logistics, and construction across Asia and the Middle East.

• Recognised for governance excellence with two silver awards at Singapore Corporate Awards 2025 (Best Managed Board and Best Risk Management).

• Enhanced CSR efforts, supporting local and cross-border communities and pursuing environmental sustainability with “carbon-negative” solar energy operations.