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NSL (N02) investor relations material

NSL H2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2026 earnings summary18 Aug, 2026

Executive summary

  • FY2026 turnover was S$385.9m and profit before tax was S$34.4m; FY2025 comparatives cover 18 months, versus 12 months in FY2026, so totals are not directly comparable.

  • Precast & PBU delivered higher profit before tax despite lower reported turnover; Environmental Services moved to a loss amid industrial wastewater pressures and asset impairment.

Financial highlights

  • Revenue S$385.9m; gross profit S$77.4m versus S$103.9m in the prior 18-month period; profit before tax S$34.4m versus S$48.2m.

  • Net profit attributable to equity holders was S$23.3m versus S$37.2m; total profit was S$22.8m versus S$39.0m.

  • FY2026 included a S$6.5m impairment on industrial wastewater assets; FY2025 included S$8.0m goodwill impairment and S$5.4m gains on divestment of an associate and FVOCI investment.

Outlook and guidance

  • Precast performance expected to remain satisfactory, supported by healthy order books in Singapore, Malaysia and Dubai, subject to project delays.

  • Finland PBU performance remains affected by a weak housing market; Environmental Services will target higher capacity utilisation to improve industrial wastewater performance.

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Frequently asked questions

NSL Ltd is a diversified industrial company engaged in manufacturing and engineering solutions. Its business segments include the production of precast and prefabricated concrete products, environmental services such as waste management and treatment, and the manufacture of specialty chemicals. The company serves a variety of industries, including construction, infrastructure, and environmental management. The company is headquartered in Singapore, and its shares are listed on the SGX.