OKP Holdings (5CF) H2 2025 earnings summary

Executive summary

• FY2025 revenue reached a record S$223.5 million, up 22.9% YoY, supported by growth in construction and maintenance.

• Net profit rose 33.0% to S$43.6 million; net profit attributable to equity holders increased 31.3% to S$44.3 million.

• The S$588.0 million construction order book provides earnings visibility through 2031.

Financial highlights

• FY2025 gross profit rose 24.5% to S$72.4 million; gross margin improved 0.4 percentage points to 32.4%.

• 2H2025 revenue grew 10.5% YoY to S$119.1 million; net profit attributable to equity holders rose 15.3% to S$25.1 million.

• FY2025 basic EPS was 14.42 Singapore cents, versus 10.98 cents in FY2024.

Outlook and guidance

• Focus remains on transport infrastructure and civil engineering, selective tendering, disciplined execution, technology adoption, productivity, cost management, safety and sustainability.

• Singapore’s FY2026 GDP growth forecast was upgraded to 2.0%–4.0%; BCA expects construction demand of S$47–53 billion in 2026 and S$39–46 billion annually from 2027 to 2030.

• Property development and investments remain selective diversification avenues.