Ever Glory United Holdings Limited has reported a remarkable 177.5% increase in net profit for the first half of 2026, reaching S$12.7m. This surge is attributed to a significant rise in revenue and strategic business expansions. The company’s revenue soared by 200.1% to S$103.2m, whilst gross profit expanded by 184.7% to S$21.5m during the same period.
The company achieved a 208.1% increase in net profit after tax, amounting to S$14.1m, when excluding one-off expenses related to its SEHK IPO listing. A notable highlight is Ever Glory United’s order book, which has surpassed S$1b, marking a historical high for the company.
CEO and Executive Director Xu Ruibing commented on the results, stating, “Surpassing the S$1b order book threshold, alongside a 177.5% jump in net profit to S$12.7m, reflects the operational strength of our enlarged platform and the synergies now coming through from integration. The acquisition of Guthrie Engineering has delivered immediate scale, positioning us to secure mission-critical national contracts — including our entry into defence infrastructure with DSTA.”
The acquisition of Guthrie Engineering has been pivotal, providing Ever Glory United with the scale needed to secure significant national contracts, including ventures into defence infrastructure. This strategic move has been instrumental in driving the company’s impressive financial performance in the first half of the year.
Looking ahead, Ever Glory United is poised to continue leveraging its expanded capabilities and robust order book to sustain its growth trajectory. The company’s strategic focus on integration and securing high-value contracts is expected to further enhance its market position.
