SGX Mainboard-listed Boustead Singapore Limited has announced its unaudited financial results for the first half of the financial year ending 30 September 2025. The group’s revenue for 1H FY2026 was marginally lower at S$294m, compared to S$295.2m in the same period last year. Despite this, the Geospatial Division saw a 10% increase in revenue, offsetting declines in the Real Estate Solutions and Healthcare Divisions.
Net profit for the period was S$34.9m, a 3% decrease from the previous year, primarily due to reduced revenue and gross profit. However, this was partially mitigated by lower other losses and a significant improvement in the share of loss from associates and joint ventures, following the reversal of a S$7m liability.
The group’s engineering order backlog stands at approximately S$396m, with S$122m under the Energy Engineering Division and S$274m under the Real Estate Solutions Division. Boustead has secured around S$193m in new engineering contracts since the start of 1H FY2026.
Chairman and Group CEO Wong Fong Fui commented on the challenging operating environment, noting, “The Group has delivered a respectable set of first half results.” He highlighted the thriving Geospatial Division, driven by demand for Geographic Information System technology solutions.
The Board has declared an interim cash dividend of 1.5 pence per share, consistent with the previous year. Boustead remains focused on optimising its balance sheet and improving project execution, with plans to list UI Boustead REIT on the Singapore Exchange to monetise its real estate portfolio.
