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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.
NSL
NSL (N02) investor relations material
NSL H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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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H1 202710 Feb, 2027
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Next NSL earnings date
H1 202710 Feb, 2027
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