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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.
King Wan Corporation
King Wan Corporation (554) investor relations material
King Wan Corporation H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary29 May, 2026
Executive summary
FY2026 revenue fell 49.0% YoY to S$44.2m as most M&E projects remained in pre-construction; attributable net loss was S$5.8m versus S$3.4m profit in FY2025.
Secured S$128.8m of contracts; the S$242.5m order book at 31 March 2026 supports future revenue visibility as projects enter active construction.
Financial highlights
Revenue was S$44.245m versus S$86.756m; gross loss was S$2.308m versus gross profit of S$7.034m in FY2025.
Net loss attributable to owners was S$5.828m versus net profit of S$3.436m; basic and diluted EPS was a loss of 0.82 cents versus earnings of 0.49 cents.
Loss allowance on trade, other receivables and contract assets rose to S$2.946m from S$2.193m; administrative expenses increased to S$6.880m from S$5.723m.
Cash and bank balances were S$9.643m versus S$10.467m; total assets were S$115.278m versus S$116.254m and equity was S$65.042m versus S$69.178m.
Outlook and guidance
Singapore construction demand is forecast at S$47bn–S$53bn in 2026 and S$39bn–S$46bn annually from 2027 to 2030; projects are expected to contribute progressively as they enter active construction.
Priorities are operational efficiency, cost management and disciplined project execution; the order book stood at S$242.5m, with ~91.7% targeting BCA Green Mark Gold PLUS, Platinum or Platinum SLE certification.
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Latest events from King Wan Corporation
- Revenue rose, but project cost pressure drove a S$5.1m loss.554
H1 2023 - Revenue grew, but cost inflation drove a S$4.8m loss and squeezed margins to 0.5%.554H2 2023
- H1 returned to profit, while construction and liquidity risks persisted.554H1 2024
- S$12.4m profit rebound, driven largely by associate fair value gains, amid operating and credit risks.554H2 2024
- Revenue and margins improved, but profit fell as one-off prior-period gains faded.554H1 2025
- Improved M&E margins and a stronger order book offset only part of the sharp decline in associate profits.554H2 2025
- Revenue halved amid project delays; associate profits and a S$198.3m M&E order book provide support.554H1 2026
Next King Wan Corporation earnings date
H1 202713 Nov, 2026
King Wan Corporation
Next King Wan Corporation earnings date
H1 202713 Nov, 2026
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