OKP Holdings (5CF) H1 2025 earnings summary

Executive summary

• H1 2025 revenue rose 41.2% YoY to S$104.3m; net profit increased 56.7% to S$19.0m, while net profit attributable to equity holders grew 60.7% to S$19.1m.

• Order book stood at S$648.3m at 30 June 2025, with projects extending to 2031.

Financial highlights

• Gross profit rose 54.2% to S$32.1m; gross margin expanded to 30.8% from 28.2%, reflecting stronger contributions from higher-margin projects.

• Profit before tax rose 62.7% to S$22.8m; higher profit was partly offset by lower other gains, higher administrative costs and associate/JV losses.

• Other gains declined to S$0.8m from S$1.6m, mainly due to lower fixed-asset disposal gains and higher Australian-dollar FX losses.

• Basic and diluted EPS increased to 6.23 Singapore cents from 3.88 cents.

Outlook and guidance

• Active tendering for Singapore civil engineering and infrastructure work aims to strengthen the order book; priorities include timely, cost-effective delivery and disciplined cash-flow management.

• The S$648.3m order book at 30 June 2025 includes projects extending through 2031; a S$258.3m LTA contract awarded in May supports the pipeline.