Lum Chang (L19) H2 2026 earnings summary

Executive summary

• FY2026 revenue rose 40% to $645.9m; profit attributable to shareholders increased to $35.4m from $15.6m. Construction drove growth, supported by a major advanced packaging facility project.

• Total dividends paid and proposed reached 5.0 cents per share, comprising 2.0 cents ordinary and 3.0 cents special dividends.

Financial highlights

• Revenue was $645.935m versus $462.868m; gross profit was $105.178m versus $53.296m; profit before tax was $64.065m versus $22.655m.

• Net profit was $51.856m versus $18.737m; profit attributable to equity holders was $35.436m versus $15.579m.

• Operating cash flow was $112.442m versus $77.346m; cash and cash equivalents at year-end were $175.328m versus $80.739m.

Outlook and guidance

• FY2026 GDP forecast for Singapore was raised to 4.5%–5.5%; construction demand is projected at $47bn–$53bn, with major public-sector tenders expected.

• Unfulfilled construction and restoration/interior contracts totalled $1.040bn at 30 June 2026, expected to convert to revenue over the next one to four years.

• Bids will remain selective amid expected competition, rising manpower costs and geopolitical uncertainty; cost control and financial discipline remain priorities.