Link: https://links.sgx.com/1.0.0/corporate-announcements/DHU8JR5M8I945HTW/28a6bc8ebb952ef9864b09ae2f1404829b2c6a6517db27d686aba7ae81dfa293

Summary:

• Net profit surged 103% to S$24.8 million in FY2025 from S$12.2 million in FY2024, driven by revenue growth of 15.7% to S$208.6 million and significant margin expansion

• Gross profit margin jumped to 24.5% from 19.1%, fueled by higher-margin reefer container business and improved product mix in construction segment

• Operating cash generation reached S$28.0 million in FY2025 with cash flows before working capital changes of S$38.7 million, reflecting robust underlying profitability

• Strengthened balance sheet through debt reduction, with loans and borrowings declining 65% to S$10.6 million from S$30.6 million as term loans were repaid

• Proposed final dividend of 3.0 cents per share for FY2025, representing S$7.3 million total payout compared to S$4.8 million distributed in FY2024

• Construction segment delivered segment profit of S$8.8 million while aluminium business surged to S$12.3 million from S$5.5 million, with UPVC contributing S$10.7 million versus S$2.9 million prior year

• Outlook remains positive with Singapore construction demand projected at S$39-46 billion annually from 2026-2029, though global macroeconomic risks and trade tensions present headwinds