Nordic Group Limited has reported a 26% year-on-year increase in operating profit for the second half of 2025, reaching S$13m. This growth is attributed to a stronger contribution from higher-margin project services, despite a 17% decline in overall revenue to S$68.4m. The company, listed on the SGX Mainboard, saw its gross profit rise by 12% to S$21.3m, with margins expanding to 31% due to cost reversals and internal synergies.
The financial results highlight a significant shift in revenue composition, with maintenance services now contributing 67% of the total, up 18% year-on-year, whilst project services fell by 48% due to fewer projects post-completion. Nordic has proposed a final dividend of 1.0745 Singapore cents per share, bringing the total dividend payout for FY2025 to 1.9021 cents, reflecting a 9% increase from the previous year.
Nordic’s net cash position improved to S$4.1m by the end of 2025, supported by strong operating cash flows and disciplined debt repayment. The company’s orderbook stands at S$201.9m, with a majority in maintenance services. Looking ahead, Nordic aims to leverage its engineering capabilities across marine, semiconductor, and defence sectors, despite challenges from geopolitical tensions and currency volatility. The group remains optimistic about capturing growth opportunities in these industries.
