Link: https://links.sgx.com/1.0.0/corporate-announcements/8HUX5XGQUWP3HQ6Q/cbbfdfed461aa5d59a8dc0beac5f3e911625769c60ec0b95b6cd8d2bc6b091d8

Summary:

• Group revenue remained steady at S$64.4 million for six months ended 30 September 2025, buoyed by ongoing pipe-laying and cable-laying projects.

• Gross profit declined 13.8% to S$11.4 million; gross margin compressed to 17.8% (from 20.6% last year) due to completed high-margin projects and new contracts in early ramp-up phase.

• Net profit attributable to owners slipped 16.9% to S$6.1 million; earnings per share reduced to 0.404 Singapore cents (from 0.486 cents).

• Operating cash inflow reached S$5.0 million; cash and bank balance stood at S$11.7 million, after S$4.5 million final dividend payout earlier in the year.

• Total assets expanded to S$99.7 million; net asset value per share uplifted to 4.80 cents.

• No interim dividend declared to preserve working capital for ongoing operational needs and financial stability.

• Healthy order book at approximately S$350 million; board remains optimistic given resilient industry demand and public infrastructure pipeline.

• Management maintains focus on strategic tendering, cost control, and sustaining operational efficiency amid sector competition and inflationary headwinds.