Soilbuild Construction has reported a remarkable net profit of S$28.3 million for the first half of the financial year 2025, surpassing the full-year profit of S$26.6 million achieved in 2024. This impressive performance is attributed to robust revenue growth in its Construction and Precast & Prefabrication divisions, which saw increases of 76.7% and 77.3% respectively compared to the same period last year.
The company’s gross profit soared by 193.5% to S$43.6 million, supported by a higher gross profit margin. Additionally, Soilbuild Construction generated a strong positive cash flow from operating activities, amounting to S$47.1 million during the period. The company’s balance sheet was further strengthened with total assets reaching S$337.2 million and cash and cash equivalents of S$58.4 million as of 30 June 2025.
Executive Director and Group CEO Lim Han Ren expressed satisfaction with the results, stating, “We are pleased to begin the first half of the year on a strong footing, where our team’s focus on operational excellence, cost optimisation, and timely project delivery has translated into robust revenue growth and enhanced profitability.”
The company also announced a proposed interim dividend of 2 pence per share for 1H 2025, double the payout of 1 pence per share in 1H 2024, reflecting its commitment to rewarding shareholders. With an order book of approximately S$1.19 billion, Soilbuild Construction is poised for continued growth, reinforcing its position as a sustainable and resilient builder.
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