OKP Holdings Limited, a Singapore-based infrastructure and civil engineering company, announced a significant 60.7% increase in net profit attributable to equity holders, reaching S$19.1 million for the first half of 2025. This growth was primarily fuelled by a 41.2% rise in revenue to S$104.3 million, largely due to ongoing and newly awarded construction and maintenance projects.
The company’s robust order book, valued at S$648.3 million, extends until 2031, reflecting its strategic focus on civil engineering and infrastructure projects, particularly in the public sector. The Group’s Managing Director, Or Toh Wat, highlighted the company’s commitment to efficient project delivery and innovation to maintain a competitive edge. “We are pleased to report a strong financial performance, boosted by higher revenue recognised for our various ongoing and newly awarded construction projects,” he stated.
The construction segment saw a 57.4% increase in revenue, whilst the maintenance segment grew by 21.1%. However, rental income declined by 39.8% due to renovations and tenant transitions at a property in Perth, Australia. Despite these challenges, OKP’s gross profit rose by 54.2% to S$32.1 million, with improved margins from select projects.
Looking ahead, OKP remains focused on expanding its order book and diversifying its income streams. The company recently secured a S$258.3 million contract from the Land Transport Authority for new cycling paths in Singapore, marking its largest contract win to date. With a strong balance sheet and strategic investments, OKP is well-positioned to navigate economic uncertainties and sustain growth.
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