Boustead Singapore Limited, a global infrastructure-related engineering and technology group, has announced a significant increase in its financial performance for the fiscal year ending 31 March 2026. The company’s net profit soared by 145% to S$232.6m, largely attributed to the sale of assets to UI Boustead REIT and a reversal of a S$7m liability related to a landowner fee.
The Group’s revenue rose by 18% to S$624.4m, with notable contributions from the Real Estate Solutions Division and the Energy Engineering Division. Despite the overall revenue growth, the gross profit saw an 8% decline to S$215.6m, reflecting lower margins in some divisions.
Boustead’s engineering order backlog stands at approximately S$840m, with S$94m from the Energy Engineering Division and S$746m from the Real Estate Solutions Division. The Board has proposed a final ordinary dividend of 4.0 cents per share and a special dividend of 4.5 cents per share, bringing the total dividend for FY2026 to 10.0 cents per share, up from 7.5 cents in FY2025.
Chairman and Group CEO Wong Fong Fui remarked on the Group’s resilience amid geopolitical tensions, stating, “The Group has remained resolute in strengthening value and delivering a respectable set of results for FY2026.” Looking ahead, Boustead aims to leverage its diverse business pillars to navigate industry-specific challenges and sustain growth.
