Link: https://links.sgx.com/1.0.0/corporate-announcements/5Y7P4MIKXHYXBOQ4/164182ac53661742263aabfef4e4b197b0738e61602826153b853a15fd8d89e9

Summary:

• HG Metal reported revenue of S$130.3 million for the 9 months ended September 2025 (FP2025), with gross profit margin at 14.7% and net profit at S$7.3 million, despite a 17% revenue decline due to global steel oversupply and softer pricing.

• Company boasts over 50 years as a regional steel leader and a robust balance sheet with S$68.5 million in cash and low debt.

• Key growth drivers include participation in landmark Singapore infrastructure projects (Cross Island Line, Changi East Depot), a 29% increase in sales volume, and expanded value-added service offerings.

• Successful share placements raised S$19.9 million for working capital and S$19.4 million for expansion.

• Strategic transformation underway: divestment of non-core assets, digitalization, supply chain optimization, and exploration of M&A.

• Outlook leverages Singapore’s S$39-46 billion annual construction demand through 2029, but the group remains vigilant about global uncertainties, soft steel prices, rising compliance costs, and potential project delays.

• Sustainability and digital efficiencies are central to long-term resilience and market leadership.