Sanli Environmental Limited has reported a significant 84.1% increase in net profit to S$3.2m for the first half of 2026, despite a slight dip in revenue. The growth was primarily driven by higher margin projects in its Engineering, Procurement, and Construction (EPC) segment, which saw gross profit rise by 16.7% to S$9.3m.
The company’s Operations and Maintenance (O&M) segment maintained its growth momentum, contributing S$25.4m in revenue, a 16.6% increase from the previous year. This segment’s performance underscores Sanli’s focus on securing long-term contracts for water and wastewater plant maintenance.
Sanli’s diversification strategy is also showing promise, particularly in its Chemical Manufacturing business, where production volumes are increasing to meet demand. The company is also expanding its Renewable Energy Solutions, with ongoing projects in Thailand aimed at building a stable revenue stream.
CEO Sim Hock Heng expressed optimism about the company’s trajectory, stating, “We are encouraged to see our gross margins gradually normalising, reflecting the effectiveness of our disciplined cost management and project execution.”
Sanli’s order book reached a record S$781.5m, providing improved revenue visibility. The company is strategically positioned to capitalise on large-scale projects in Singapore’s coastal protection, water infrastructure, and transport initiatives. Looking forward, Sanli aims to expand its order book and strengthen its core capabilities to enhance long-term value for stakeholders.
