BRC Asia (BEC) Q1 2025 TU earnings summary

Executive summary

• 1Q2025 revenue was S$349.8m and profit after tax was S$19.5m; sales order book stood at ~S$1.5b at 31 Dec 2024.

Financial highlights

• Revenue S$349.798m; gross profit S$28.697m; profit after tax S$19.522m; total comprehensive income S$19.413m for 1Q2025.

Outlook and guidance

• BCA forecasts 2025 construction demand of S$47b–S$53b nominally and S$35b–S$39b in real terms; medium-term demand is projected at S$39b–S$46b annually for 2026–2029.

• The sales order book spans project durations of up to 5 years and may change; schedules and phases of major projects remain subject to revision.