Ley Choon Group (Q0X) H1 2026 earnings summary

Executive summary

• 1HFY2026 revenue was S$64.4m, broadly unchanged YoY, while profit after tax fell 16.9% to S$6.1m as gross profit and margin declined.

• Operating cash flow was S$5.0m; cash and cash equivalents ended September at S$11.7m, and the unfulfilled order book stood at S$350.3m.

Financial highlights

• Revenue was S$64.404m versus S$64.412m YoY; gross profit fell 13.8% to S$11.449m.

• Profit before tax declined 28.6% to S$5.895m; profit for the period declined 16.9% to S$6.084m.

• Total comprehensive income was S$6.087m versus S$7.385m YoY; basic and diluted EPS was 0.404 Singapore cents versus 0.486 cents.

• Operating cash flow rose to S$5.005m from S$1.216m; investing cash outflow was S$0.803m and financing cash outflow was S$7.661m.

Outlook and guidance

• Construction outlook remains positive on sustained Singapore public-sector demand and infrastructure development; activity is expected to remain resilient despite global uncertainty and rising costs.

• Unfulfilled order book was S$350.3m; focus remains on disciplined tendering, efficiency, cost management and cash-flow optimisation.

• Newly awarded road projects are in early commencement stages and expected to ramp progressively; current results were in line with prior FY2025 commentary.