BRC Asia Limited, a leading steel reinforcement solutions provider in Singapore, has announced a 24% year-on-year increase in net profit for the first half of the financial year 2026, reaching S$52m. This growth is attributed to a record half-year revenue of S$931m, as reported for the period ending 31 March 2026.
The company experienced a 38% rise in gross profit to S$93.3m, with the gross margin improving from 9.4% to 10.0%. This was largely due to higher tonnage deliveries and increased contributions from value-added products that offer better margins. BRC Asia’s order book remains robust at S$1.76b, ensuring revenue visibility for up to five years.
In light of these results, BRC Asia has proposed an interim dividend of 8 cents per ordinary share, reflecting a payout ratio of 42% and a dividend yield of 4%. The company continues to benefit from the expansion of Singapore’s construction sector, driven by strong demand from both public and private sectors.
The group’s focus remains on capitalising on the growing opportunities presented by the current industry tailwinds. As BRC Asia continues to deliver on its projects, it positions itself to maintain its leadership in the market.
