Beng Kuang Marine Limited has announced a revenue of S$50.79 million for the first half of 2025, with a gross profit of S$19.42 million. The company generated S$10.01 million in net cash from operating activities, demonstrating resilience despite foreign exchange losses of S$1.19 million. The group’s profit attributable to shareholders stood at S$2.91 million, slightly down from S$3.06 million in the same period last year, excluding a one-time gain.
The group’s transition to an asset-light, service-oriented business model has been pivotal, with its Infrastructure Engineering (IE) division contributing S$41.17 million and the Corrosion Prevention (CP) division adding S$9.59 million to the revenue. The IE division’s focus on floating production platforms and offshore services has been a significant revenue driver, despite some project delays.
CEO Yong Jiunn Run expressed cautious optimism, stating, “Despite a slower start to the year and persistent headwinds from a weaker USD, we remain cautiously optimistic on our overall performance.” He emphasised the company’s focus on cash flow, profitability, and sustainability, which supports their strategic positioning in the offshore and marine sectors.
The group’s gross profit margin improved to 38.2% from 35.5% in the previous year, attributed to enhanced cost control and productivity improvements. Looking forward, Beng Kuang aims to sustain its business momentum and capture emerging opportunities in the offshore and marine industries.
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