BRC Asia (BEC) Q1 2026 TU earnings summary

Executive summary

• Q1 revenue was S$444,347 thousand and profit attributable to owners was S$27,303 thousand; sales order book stood at ~S$2.2 billion at 31 December 2025.

Financial highlights

• Gross profit was S$46,748 thousand; total profit for the period was S$27,423 thousand, including S$120 thousand attributable to non-controlling interests.

• Total comprehensive income was S$29,468 thousand, comprising S$28,819 thousand attributable to owners and S$649 thousand to non-controlling interests.

Outlook and guidance

• 2026 Singapore construction demand is forecast at S$47–53 billion, matching the 2025 forecast range; demand in 2025 reached S$50.5 billion versus S$44.6 billion in 2024.

• Sales order book was ~S$2.2 billion at 31 December 2025, with project durations of up to five years and possible changes.

• Major demand catalysts include Changi Airport Terminal 5, Marina Bay Sands expansion, Tengah General and Community Hospital, and rail infrastructure works.