Beng Kuang Marine Limited has announced a revenue of S$50.79 million for the first half of 2025, alongside a gross profit of S$19.42 million. The company, which operates in the offshore and marine sectors, has seen its net cash from operating activities rise to S$10.01 million, despite facing foreign exchange losses amounting to S$1.19 million.
The company’s transition to an asset-light, service-oriented business model has been pivotal, with its Infrastructure Engineering (IE) division contributing S$41.17 million and the Corrosion Prevention (CP) division adding S$9.59 million to the overall revenue. This strategic shift has helped improve the gross profit margin to 38.2%, up from 35.5% in the same period last year.
Beng Kuang’s CEO, Yong Jiunn Run, expressed cautious optimism about the company’s performance amidst economic and geopolitical uncertainties. “Our first-half results underscore the robustness and resilience of our asset-light, service-oriented business model,” he stated.
The company has also strengthened its balance sheet, with cash and cash equivalents increasing to S$25.13 million and total equity rising to S$33.08 million as of 30 June 2025. Looking forward, Beng Kuang aims to sustain its business momentum in the second half of the year, leveraging emerging growth opportunities in the offshore and marine sectors.
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