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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.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.
- S$35.6m of impairments turned FY 2023 adjusted profit into a reported loss.N02
H2 2023 - Precast drove a return to profitability, while Finland PBU remains the key drag.N02
H2 2025 - Profit before tax fell 53% on lower Precast & PBU sales and goodwill impairment.N02
H1 2024 - Net profit swung to S$21.3m on higher margins and Precast, Environmental Services growth.N02
Transition period
Next NSL earnings date
Next NSL earnings date
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