Koh Brothers Group (K75) H1 2025 earnings summary

Executive summary

• 1H 2025 revenue rose 34.8% to $152.16m; attributable net profit was $2.63m versus a $7.18m loss in 1H 2024.

• Construction order book exceeded $1 billion, with project visibility to 2029.

Financial highlights

• Gross profit rose to $18.63m from $6.39m, reflecting improved margins in Construction and Building Materials and Real Estate.

• Profit before tax was $7.68m, reversing an $8.94m loss; basic and diluted EPS were 0.64 Singapore cent versus a 1.74-cent loss.

• Finance expenses fell to $3.68m from $6.36m, mainly on lower bank borrowings; administrative expenses declined to $9.08m from $10.77m.

• Other income rose to $1.50m, mainly on higher interest income; other loss, net, was $1.40m, mainly from unrealised FX losses.

Outlook and guidance

• Focus remains on executing ongoing projects, recovering variation-order costs and tendering for additional construction work.

• Construction and real estate growth will be pursued prudently; land-bank replenishment will remain selective amid macroeconomic uncertainty and elevated interest rates.

• Leisure and Hospitality will be assessed, including asset enhancement initiatives to unlock long-term value.