Link: https://links.sgx.com/1.0.0/corporate-announcements/SMNNNDAAH63A2R8J/259cc477bc86987aef8c9cdfa390f0d0a65dafb06b06fcf46364b34f7ffa618a

Summary:

• Revenue surged 93% year-on-year, reaching $113.6 million; net profit attributable to equity holders soared 173% to $12.9 million, mainly driven by improved project progress and new contracts.

• Gross profit doubled to $22.4 million; gross margin improved to 19.7% through disciplined cost management and efficient procurement.

• Cash and cash equivalents nearly doubled to $27.0 million; total equity up 58% at $23.2 million.

• Proposed final dividend of 2.2 Singapore cents per share, representing a payout ratio of 53.7% and showing strong commitment to shareholder returns.

• Order book stands at $112.8 million as of June 2025, providing solid revenue visibility for the coming year.

• Successfully completed SGX Catalist IPO in July 2025; funds raised bolster growth plans, including regional expansion and potential acquisitions.

• Strategic focus on conservation, restoration, interior fit-out, and A&A works, positioning the group to benefit from increased demand for urban revitalisation and heritage conservation projects.

• Board and management express confidence in continued growth, expansion in Singapore and Malaysia, and exploring new business opportunities with strong governance and sustainability focus.