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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Boustead Singapore
Boustead Singapore (F9D) investor relations material
Boustead Singapore H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary25 May, 2026
Executive summary
FY2026 net profit rose 145% YoY to S$232.6m, mainly from the asset sale to UI Boustead REIT and an improved share of results from associates and joint ventures.
Excluding other gains/losses and impairments, net of non-controlling interests, adjusted net profit fell 35% YoY to S$44.7m.
Revenue rose 18% YoY to S$624.4m, led by Real Estate Solutions and Energy Engineering.
Financial highlights
FY2026 gross profit fell 8% YoY to S$215.6m; PBT rose 113% to S$262.8m and total profit after tax before non-controlling interests rose 136% to S$236.3m.
Operating profit fell 19% YoY to S$62.8m, with all divisions recording lower operating profit.
EPS was 46.6 cents, up 138% YoY; net profit attributable to equity holders was S$232.6m, up 145%.
Outlook and guidance
Barring unforeseen circumstances and disruptions, satisfactory results are expected in FY2027.
Engineering order backlog stood at ~S$840m; since FY2027 began, an additional S$461m of new engineering contracts and major variations was secured.
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Latest events from Boustead Singapore
- Revenue rose 49% as net profit grew 19% and engineering backlog reached S$433m.F9D
H1 2024 - FY2024 growth and division records contrasted with the lowest engineering intake in almost two decades.F9DH2 2024
- Profit rose despite a 20% revenue decline; engineering backlog stood at S$157m.F9DH1 2025
- Adjusted profit grew 8% as S$377m in new contracts rebuilt engineering backlog.F9DH2 2025
- Flat revenue and weaker profit were offset by Geospatial growth and a S$396m engineering backlog.F9DH1 2026
Next Boustead Singapore earnings date
H1 202710 Nov, 2026
Boustead Singapore
Next Boustead Singapore earnings date
H1 202710 Nov, 2026
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