Link: https://links.sgx.com/1.0.0/corporate-announcements/ZQC4S3LZHHZ1V9MF/690998697850d288d34b23d0ad652edb7afd2d3b65700ce7c623041a207f4b0c

Summary:

• Revenue was S$106.1 million, down 7.7% from the previous year due to softer engineering and scaffolding contributions, partially offset by growth in metals sales.

• Net profit totaled S$9.5 million, maintaining five consecutive years of profitability despite global uncertainties and headwinds in key markets.

• Metals segment showed stable year-on-year growth; engineering remained a significant source of recurring earnings.

• Singapore contributed 65% of revenue, while overseas revenue grew to S$37.1 million.

• Net asset value per share rose to S$0.82, and cash holdings increased by S$3.0 million, though net gearing climbed to 25.5% due to strategic investments.

• FY2025 saw a strategic acquisition of a 29.4% stake in Eneco Energy Limited and investment in new property and office assets.

• Board recommended a dividend of 0.85 Singapore cents per share, reflecting stable financial footing and shareholder value commitment.

• Staff turnover rate improved to 14%, with focused initiatives on training, engagement, and workplace inclusivity.

• Sustainability efforts include strengthened safety frameworks, ISO 45001 alignment, zero work-related fatalities, and a 1.64 case incident rate.

• Board remains confident in long-term prospects, prioritizing resilience, customer relationships, prudent growth, and sustainable practices across all business segments.