Singapore-listed Alpina Holdings Limited has announced a significant financial upturn, reporting a net profit of S$2.7 million for the first half of 2025, marking a 239.6% increase compared to the same period last year. This surge in profitability is attributed to a robust performance in its integrated building services (IBS) segment and increased rental income from investment properties. The company has also proposed an interim dividend of 1.0 Singapore cent per share, representing 69.4% of the net profit attributable to shareholders.
The company’s revenue grew by 8.7% to S$47.9 million, driven by a 29.2% increase in the IBS segment and an 87.8% rise in rental income. Gross profit margins improved by 3.6 percentage points to 13.0%, as contracts secured before the COVID-19 pandemic, which had lower margins, were completed. Consequently, gross profits rose by 50.5% to S$6.2 million.
Alpina’s Executive Chairman and CEO, Low Siong Yong, expressed satisfaction with the results, stating, “Building on the positive momentum from FY2024, we are pleased to start the new financial year on a strong footing, with increased profitability and resilient cash flow generation.”
The company’s balance sheet has strengthened, with total assets and equity rising to S$83.6 million and S$32.3 million, respectively, as of 30 June 2025. The proposed dividend marks Alpina’s largest payout since its listing in 2022, underscoring its commitment to rewarding shareholders.
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