Link: https://links.sgx.com/1.0.0/corporate-announcements/HS2HDPXBU0OFYINI/8296c331f2b62f094c63169ee990a4087dd049ea3546b68fba7cb71827f46e54

Summary:

• KSH Holdings Limited recorded revenue of S$182.8 million for the full financial year ended March 31, 2025 (FY2025), a 14.6% decrease from S$214.1 million in FY2024.
• The Group significantly narrowed its net loss attributable to Owners of the Company to S$5.9 million for FY2025, an improvement from the prior year.
• KSH returned to operational profit in the second half of FY2025 (2HFY2025), registering a net profit attributable to Owners of the Company of S$0.5 million.
• The company proposed a final dividend of 0.75 Singapore cent per share, bringing the total dividend for FY2025 to 1.25 Singapore cents per share.
• Cash flows from operational activities were positive, reaching S$29.0 million.
• KSH maintains a healthy construction order book exceeding S$230.0 million and has over S$162.0 million in unrecognised attributable revenue from sold property development units in Singapore.
• The Group boasts a strong financial position with approximately S$123.1 million in fixed deposits, cash, and bank balances, and a lowered gearing ratio of 0.22x.
• The decrease in revenue was mainly attributed to lower construction revenue and losses from associates and joint ventures, while finance costs decreased due to lower bank borrowings.
• The Group is involved in four joint ventures for residential and mixed developments in Singapore (The Arcady at Boon Keng, Sora, One Sophia/The Collective, and Bagnall Haus) which have achieved satisfactory sales.
• Despite global uncertainties and challenges such as rising interest rates and elevated construction costs, KSH remains cautiously optimistic, focusing on disciplined cost management and strategic investments.