Back 15 Apr 2026

Beng Kuang Marine 1Q2026 Contract Update - ASOM Locks In ~S$27.6 Million of FY2026 Revenue Across 19 FPSOs by End-1Q2026; Group Secures ~S$51.2 Million of FY2026 Phased Revenue

  • Group confirmed order book of ~S$55.9 million as at end-1Q2026, with ~S$51.2 million of FY2026 phased revenue secured by week 13 of the financial year
     
  • NEI shipbuilding order book grows to S$15.8 million across four active projects, underpinning Batam yard utilisation
     
  • IOE active order book of ~S$12.5 million, with ~S$7.8 million phased into FY2026 and ~S$4.7 million of multi-year tail extending into FY2027–FY2028
     
  • ASOM's established West Africa lifecycle mandates are in the process of renewal for FY2026 and are excluded pending purchase order formalisation, providing further upside

https://links.sgx.com/FileOpen/BKM%201Q2026%20Contract%20Update.ashx?App=Announcement&FileID=884247