Ocean Sky International Limited has reported a 27% increase in revenue for the financial year 2025, reaching S$38.56m, the highest in a decade. The company also secured approximately S$100m in new projects, reinforcing its order book and future revenue prospects. This growth was primarily driven by increased activity in its civil engineering and infrastructure construction segment.
The company, listed on the Catalist board, achieved a profit after tax of S$1.53m, reversing a loss from the previous year. Executive Chairman and CEO Ang Boon Cheow Edward highlighted the company’s disciplined cost management and project execution as key factors in returning to profitability. “Securing approximately S$100m in new projects during the year underscores the resilience of our core business,” he stated.
Ocean Sky’s financial position has strengthened, with cash reserves rising to S$16.93m and total equity increasing to S$42.18m. The company also reduced its total bank borrowings to S$13.61m.
Looking ahead, Ocean Sky remains optimistic about the construction demand in Singapore, projected to remain steady at S$47b to S$53b in 2026. The company plans to focus on selective project bidding and operational efficiency to navigate competitive industry conditions and cost pressures. In its property segment, Ocean Sky aims to maintain long-term value creation and capital preservation amidst mixed global economic conditions.
