FBS Global (FBGL) investor relations material

Company overview and business model

• Operates as a Singapore-based green building contractor and interior fit-out specialist with over 20 years of experience in institutional, residential, commercial, and industrial projects.

• Focuses on sustainable construction methods and materials, aiming to reduce environmental impact and promote energy efficiency.

• Services include design, supply, and installation of ceilings, partitions, timber decks, and other interior elements, as well as main construction and builder works.

• Recognized for completing multiple projects with BCA Green Mark Awards and a strong track record in public and private sector contracts.

• Corporate structure includes a Cayman Islands holding company with operations conducted through a Singapore subsidiary.

Financial performance and metrics

• Revenue for 2024 was S$13.85 million (US$10.39 million), down 36.5% from S$21.81 million in 2023 due to fewer new projects and project delays.

• Net loss for 2024 was S$814,366 (US$610,775), compared to net income of S$4,685 in 2023.

• Gross profit margin decreased to 9.0% in 2024 from 12.1% in 2023, mainly due to higher costs and quality issues on certain projects.

• As of June 30, 2025, cash was S$6.97 million (US$5.30 million), with total assets of S$21.68 million and total liabilities of S$11.87 million.

• Working capital improved to S$5.71 million as of June 30, 2025, from a deficit of S$1.46 million at year-end 2024.

Use of proceeds and capital allocation

• Net proceeds of approximately $8.8 million from the offering are intended for business expansion, working capital, and general corporate purposes.

• Management retains broad discretion over the allocation and timing of expenditures.

• Proceeds may be invested in short-term, interest-bearing instruments pending use.