Sanli Environmental Limited has announced a 21% increase in revenue, reaching S$157.6m for the financial year ending 31 March 2025. This growth was primarily driven by the robust performance of its Operations and Maintenance (O&M) segment, which nearly doubled its revenue. Despite this, the company’s net profit fell by 42% to S$1.7m, partly due to the lingering effects of legacy projects and increased costs.
The company’s O&M segment saw its revenue soar to S$44.2m, up from S$22.4m in the previous year. This growth highlights Sanli’s strategic focus on expanding its recurring revenue base through long-term maintenance contracts for water and wastewater plants. Meanwhile, the Engineering, Procurement, and Construction (EPC) segment remained the main revenue contributor with S$110.8m, although its gross profit was impacted by higher labour and material costs.
Sanli’s Chief Executive Officer, Sim Hock Heng, noted, “Our revenue growth is a clear indicator of our team’s consistent capabilities and technical expertise to execute large-scale projects in a defensive industry.” He also emphasised the company’s commitment to rewarding shareholders with a proposed final dividend of 0.173 Singapore cents per share, constituting 30% of the net profit attributable to owners.
Looking ahead, Sanli’s order book stands at S$228.6m, with several significant EPC projects expected to be tendered in Singapore over the next year. This positions the company to capitalise on growth opportunities as Singapore continues its infrastructure investments.
“`
