OKP Holdings (5CF) investor relations material

Executive summary

• H1 2026 revenue rose 9.0% to S$113.8m; gross profit increased 33.1% to S$42.8m and net profit rose 43.8% to S$27.3m.

• Profitability improved on higher work volumes, a greater mix of higher-margin projects, stronger execution and projects progressing into higher profit-recognition stages.

• Order book was S$727.3m at 30 June 2026, with projects extending through 2031.

Financial highlights

• Revenue increased to S$113.8m from S$104.3m; gross profit rose to S$42.8m from S$32.1m.

• Net profit increased to S$27.3m from S$19.0m; profit before tax rose 42.9% to S$32.6m.

• Administrative expenses increased 33.9% to S$11.7m, reflecting higher remuneration, employee compensation, bonus provisions and professional fees.

• Finance expenses fell to S$0.8m from S$1.0m, mainly after loan repayments; other gains were S$2.3m, up 167.3%.

• Net cash from operating activities was S$32.2m; investing activities generated S$17.7m and financing activities used S$24.8m.

Outlook and guidance

• Order book was S$727.3m at 30 June 2026; LTA awards included S$87.3m in March and S$165.3m in May for commuter infrastructure works.

• Tendering will remain selective, focused on civil engineering and transport infrastructure, with disciplined cost control, project delivery and cash-flow management.

• Technology and ESG investment is planned to improve resilience and efficiency; diversification through property development and investments will remain selective.

• Perth asset enhancement work is expected to complete in phases through 2027, supporting occupancy, rental income and long-term property value.