Koh Brothers Eco Engineering Limited has announced a 29% increase in revenue to $144.1m for the first half of 2026, driven by higher revenue recognition from ongoing projects in its Engineering and Construction segment. However, the company reported a net loss of $5.7m attributable to equity holders, primarily due to increased material and procurement costs amid ongoing geopolitical conflicts and supply chain disruptions.
The company’s gross profit fell to $7.5m from $13.9m in the same period last year, reflecting a 39% rise in the cost of sales. Despite these challenges, Koh Brothers Eco maintains a robust order book valued at approximately $1b as of 30 June 2026, providing strong earnings visibility.
Chief Executive Officer Paul Shin stated, “With an order book of approximately $1b providing strong earnings visibility, we remain focused on disciplined project execution, operational excellence and prudent cost management for our ongoing projects.” These projects include significant undertakings such as the Multi-Storey Lorong Halus Bus Depot and the Tuas Water Reclamation Plant.
The company is also eyeing a transfer to the SGX Mainboard, which it views as a significant milestone that could enhance its corporate profile and broaden access to institutional investors. This move is part of Koh Brothers Eco’s strategy to strengthen its position in engineering, sustainable infrastructure, and environmental solutions.
Looking ahead, Koh Brothers Eco plans to continue selectively tendering for projects to bolster its order book whilst maintaining a healthy balance sheet with cash and bank balances of $61.3 million.
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