Green Build Technology (Y06) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue rose to S$642k from S$301k; net loss attributable to shareholders narrowed to S$165k from S$283k.

• Hotel management expanded to a 62-room property following acquisition of a 51% interest in Urbane; material going-concern uncertainty remains.

Financial highlights

• Revenue was S$642k, up 113.2% YoY; cost of sales was S$589k and gross profit was S$53k.

• Gross margin was 8.26%, versus 0.00% in 1Q2025; other income was S$50k, mainly government grants and hotel consultancy income.

• Administrative expenses rose to S$269k from S$232k; finance costs fell to S$3k from S$23k.

• Loss before tax narrowed to S$169k from S$254k; net loss attributable to shareholders narrowed to S$165k from S$283k.

Outlook and guidance

• Efforts continue to develop hotel management and consultancy through Elements Plus and Urbane, alongside exploration of new projects in China, Singapore or elsewhere.

• Proposed placement with Helyon, subject to shareholder approval, comprises 600m shares at S$0.016 and 360m warrants exercisable at S$0.02; estimated net proceeds are S$9.067m before warrant exercise.

• No dividend was declared for 1Q2026 to conserve resources for current projects, potential sustainable development projects and new businesses.