Link: https://links.sgx.com/1.0.0/corporate-announcements/2AEYRQJBAK9W8DQ1/16ab654f1dd7b2c0b213e23ebd4417ee214818584aca5af8699a1d8a27c179b8

Summary:

• Group revenue for six months ended 30 September 2025 fell 13% year-on-year to S$11.0 million due to lower construction and maintenance activity.

• Gross profit dropped 25% to S$2.68 million; gross margin contracted to 24.4% (from 28.4%). Administrative costs reduced by 12.6%, but net other gains collapsed (lower FX gains, no asset sale windfall).

• Profit before tax fell 63% to S$1.64 million; net profit attributable to shareholders dropped 69% to S$1.27 million.

• Earnings per share at 0.03 Singapore cents (down from 0.12 cents).

• Cash and short-term deposits totaled S$21.7 million (down from S$23.7 million at March 2025).

• Net asset value held at 0.7 Singapore cents per share.

• Interim cash dividend of 0.01 Singapore cents per share declared, payable 8 December 2025.

• Segment review: Plant Construction & Maintenance EBITDA down 60% driven by lower activity and one-off gains last year; segment assets increased mainly on higher cash and new property, plant and equipment.

• Board maintains prudent outlook given operating cost pressures, macro uncertainty, and focus on long-term profitability and sustainability.